Dymon Asia Capital Ltd. purchased a new position in shares of Baidu Inc (NASDAQ:BIDU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,100 shares of the information services provider’s stock, valued at approximately $4,235,000. Baidu accounts for about 8.7% of Dymon Asia Capital Ltd.’s investment portfolio, making the stock its 2nd largest holding.
A number of other large investors have also modified their holdings of the business. Polen Capital Management LLC increased its stake in Baidu by 245.8% during the third quarter. Polen Capital Management LLC now owns 7,178 shares of the information services provider’s stock worth $1,778,000 after purchasing an additional 5,102 shares during the period. Epoch Investment Partners Inc. increased its stake in shares of Baidu by 14.6% during the third quarter. Epoch Investment Partners Inc. now owns 117,958 shares of the information services provider’s stock worth $29,217,000 after buying an additional 14,988 shares during the period. Private Advisor Group LLC increased its stake in shares of Baidu by 10.9% during the third quarter. Private Advisor Group LLC now owns 4,851 shares of the information services provider’s stock worth $1,221,000 after buying an additional 477 shares during the period. Financial Counselors Inc. acquired a new position in Baidu in the third quarter valued at approximately $267,000. Finally, Invictus RG acquired a new position in Baidu in the third quarter valued at approximately $193,000. Institutional investors own 64.04% of the company’s stock.
Shares of Baidu Inc (NASDAQ BIDU) opened at $229.66 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34. Baidu Inc has a fifty-two week low of $161.56 and a fifty-two week high of $274.97. The firm has a market capitalization of $79,640.00, a price-to-earnings ratio of 29.76, a P/E/G ratio of 1.39 and a beta of 1.89.
A number of equities analysts recently issued reports on the company. Bank of America reaffirmed a “buy” rating and issued a $301.00 price target on shares of Baidu in a report on Sunday, November 19th. Oppenheimer increased their price objective on Baidu from $250.00 to $295.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. Barclays set a $240.00 price objective on Baidu and gave the company a “hold” rating in a report on Monday, October 30th. J P Morgan Chase & Co decreased their price objective on Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Finally, Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $277.19 price objective for the company in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. Baidu presently has a consensus rating of “Buy” and an average price target of $236.36.
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Baidu Company Profile
Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
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