Baidu, Inc. $BIDU Shares Acquired by Clearline Capital LP

Clearline Capital LP grew its holdings in Baidu, Inc. (NASDAQ:BIDU) by 27.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,250 shares of the information services provider’s stock after purchasing an additional 18,214 shares during the period. Clearline Capital LP’s holdings in Baidu were worth $11,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Quadrant Capital Group LLC lifted its stake in shares of Baidu by 0.4% in the 4th quarter. Quadrant Capital Group LLC now owns 20,112 shares of the information services provider’s stock valued at $2,628,000 after purchasing an additional 73 shares during the last quarter. Keel Point LLC lifted its stake in shares of Baidu by 1.7% in the 3rd quarter. Keel Point LLC now owns 5,144 shares of the information services provider’s stock valued at $678,000 after purchasing an additional 84 shares during the last quarter. PDS Planning Inc lifted its stake in shares of Baidu by 5.7% in the 4th quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock valued at $213,000 after purchasing an additional 88 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Baidu by 25.9% in the 4th quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock valued at $56,000 after purchasing an additional 88 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Baidu by 8.4% in the 4th quarter. Signaturefd LLC now owns 1,276 shares of the information services provider’s stock valued at $167,000 after purchasing an additional 99 shares during the last quarter.

Analyst Upgrades and Downgrades

BIDU has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $215.00 price target on shares of Baidu in a research note on Tuesday, May 19th. BNP Paribas Exane assumed coverage on Baidu in a research note on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 price objective for the company. Zephirin Group lifted their price objective on Baidu from $88.00 to $89.00 and gave the company a “sell” rating in a research note on Monday, March 2nd. Weiss Ratings cut Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Finally, Zacks Research raised Baidu from a “strong sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.58.

Baidu Trading Down 1.0%

Shares of NASDAQ BIDU opened at $111.61 on Thursday. Baidu, Inc. has a twelve month low of $83.30 and a twelve month high of $165.30. 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 stock has a fifty day simple moving average of $126.84 and a 200-day simple moving average of $129.85. The stock has a market capitalization of $37.98 billion, a PE ratio of -930.01, a PEG ratio of 1.92 and a beta of 0.54.

About Baidu

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.