Kercheville Advisors LLC Makes New $1.32 Million Investment in Baidu, Inc. $BIDU

Kercheville Advisors LLC purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 10,050 shares of the information services provider’s stock, valued at approximately $1,324,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Binnacle Investments Inc bought a new position in shares of Baidu in the second quarter valued at approximately $29,000. Winthrop Capital Management LLC purchased a new stake in Baidu in the 2nd quarter worth approximately $39,000. Mizuho Securities Co. Ltd. bought a new position in Baidu in the 2nd quarter valued at $43,000. CX Institutional grew its position in shares of Baidu by 34.1% during the 2nd quarter. CX Institutional now owns 715 shares of the information services provider’s stock valued at $61,000 after purchasing an additional 182 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Baidu by 127.6% in the second quarter. Assetmark Inc. now owns 742 shares of the information services provider’s stock worth $64,000 after purchasing an additional 416 shares during the period.

Wall Street Analysts Forecast Growth

BIDU has been the subject of several research analyst reports. Zephirin Group assumed coverage on Baidu in a research note on Monday, September 15th. They set a “sell” rating and a $92.00 price objective for the company. Nomura set a $140.00 price target on Baidu and gave the company a “buy” rating in a research report on Thursday, November 20th. Wall Street Zen raised Baidu from a “sell” rating to a “hold” rating in a report on Sunday. Macquarie raised shares of Baidu from a “neutral” rating to an “outperform” rating and raised their target price for the company from $91.00 to $176.00 in a research note on Friday, October 10th. Finally, CLSA upgraded shares of Baidu to a “strong-buy” rating in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Baidu presently has an average rating of “Moderate Buy” and a consensus target price of $147.44.

Baidu Price Performance

Shares of Baidu stock opened at $150.30 on Monday. The firm has a market capitalization of $51.92 billion, a PE ratio of 49.93 and a beta of 0.30. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $151.08. The business’s 50-day moving average price is $123.20 and its 200-day moving average price is $110.35.

Baidu Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.