Hel Ved Capital Management Ltd Makes New $6.47 Million Investment in Baidu, Inc. $BIDU

Hel Ved Capital Management Ltd purchased a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 49,530 shares of the information services provider’s stock, valued at approximately $6,472,000. Baidu makes up about 1.7% of Hel Ved Capital Management Ltd’s portfolio, making the stock its 16th biggest holding.

Several other large investors have also recently made changes to their positions in BIDU. Empowered Funds LLC purchased a new position in shares of Baidu during the first quarter worth approximately $334,000. EverSource Wealth Advisors LLC raised its stake in shares of Baidu by 71.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,182 shares of the information services provider’s stock worth $101,000 after acquiring an additional 493 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Baidu by 53.3% in the second quarter. Guggenheim Capital LLC now owns 9,670 shares of the information services provider’s stock worth $829,000 after buying an additional 3,362 shares during the period. First Trust Advisors LP increased its stake in shares of Baidu by 2.6% in the second quarter. First Trust Advisors LP now owns 50,033 shares of the information services provider’s stock worth $4,291,000 after buying an additional 1,259 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in shares of Baidu in the second quarter worth $254,000.

Analysts Set New Price Targets

Several research analysts recently commented on BIDU shares. Zacks Research downgraded shares of Baidu from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Benchmark reaffirmed a “buy” rating and issued a $215.00 target price on shares of Baidu in a research note on Tuesday, May 19th. Morgan Stanley lifted their target price on shares of Baidu from $135.00 to $140.00 in a research note on Tuesday, May 19th. Zephirin Group lifted their target price on shares of Baidu from $88.00 to $89.00 and gave the stock a “sell” rating in a research note on Monday, March 2nd. Finally, Barclays decreased their target price on shares of Baidu from $147.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.58.

Baidu Stock Performance

NASDAQ:BIDU opened at $115.77 on Friday. The stock has a market cap of $39.39 billion, a P/E ratio of -964.67, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54. The firm’s fifty day simple moving average is $126.68 and its 200 day simple moving average is $129.85. Baidu, Inc. has a twelve month low of $83.30 and a twelve month high of $165.30. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.22.

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.