Polymer Capital Management HK LTD Acquires 51,910 Shares of Baidu, Inc. $BIDU

Polymer Capital Management HK LTD increased its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 307.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,800 shares of the information services provider’s stock after buying an additional 51,910 shares during the quarter. Baidu accounts for about 1.3% of Polymer Capital Management HK LTD’s holdings, making the stock its 19th biggest holding. Polymer Capital Management HK LTD’s holdings in Baidu were worth $8,989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Binnacle Investments Inc bought a new stake in shares of Baidu during the 2nd quarter worth $29,000. Ameritas Advisory Services LLC lifted its position in shares of Baidu by 12,400.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock worth $49,000 after buying an additional 372 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Baidu by 35.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock worth $53,000 after buying an additional 105 shares during the last quarter. Winthrop Capital Management LLC bought a new stake in shares of Baidu during the 4th quarter worth $59,000. Finally, Hollencrest Capital Management lifted its position in shares of Baidu by 2,500.0% during the 4th quarter. Hollencrest Capital Management now owns 520 shares of the information services provider’s stock worth $68,000 after buying an additional 500 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently weighed in on BIDU shares. Weiss Ratings downgraded Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 18th. BNP Paribas Exane assumed coverage on Baidu in a research report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 target price for the company. Morgan Stanley increased their target price on Baidu from $135.00 to $140.00 in a research report on Tuesday, May 19th. Wall Street Zen upgraded Baidu from a “sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Barclays dropped their target price on Baidu from $147.00 to $128.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Baidu has a consensus rating of “Moderate Buy” and a consensus target price of $162.58.

Baidu Price Performance

Baidu stock opened at $115.77 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $39.39 billion, a PE ratio of -964.67, a P/E/G ratio of 1.98 and a beta of 0.54. Baidu, Inc. has a 12 month low of $83.30 and a 12 month high of $165.30. The stock has a 50-day moving average price of $126.68 and a two-hundred day moving average price of $129.85.

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.