Maytus Capital Management LLC Purchases 17,806 Shares of Baidu, Inc. $BIDU

Maytus Capital Management LLC increased its position in Baidu, Inc. (NASDAQ:BIDU) by 88.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,000 shares of the information services provider’s stock after buying an additional 17,806 shares during the period. Maytus Capital Management LLC’s holdings in Baidu were worth $4,965,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in Baidu in the 4th quarter worth $208,000. &PARTNERS boosted its holdings in Baidu by 4.4% in the 4th quarter. &PARTNERS now owns 13,287 shares of the information services provider’s stock worth $1,711,000 after buying an additional 565 shares during the period. Blair William & Co. IL boosted its holdings in Baidu by 6.8% in the 4th quarter. Blair William & Co. IL now owns 34,213 shares of the information services provider’s stock worth $4,470,000 after buying an additional 2,188 shares during the period. Taikang Asset Management Hong Kong Co Ltd bought a new position in Baidu in the 4th quarter worth $1,437,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Baidu by 15.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,271 shares of the information services provider’s stock worth $689,000 after buying an additional 687 shares during the period.

Analysts Set New Price Targets

Several brokerages recently weighed in on BIDU. BNP Paribas Exane began coverage on shares of Baidu in a report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 target price for the company. Nomura upped their target price on shares of Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Susquehanna upped their target price on shares of Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Zacks Research raised shares of Baidu from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Barclays decreased their price target 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 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.58.

Baidu Stock Down 3.5%

Shares of BIDU stock opened at $112.72 on Wednesday. The stock has a market cap of $38.35 billion, a P/E ratio of -939.26, a PEG ratio of 1.99 and a beta of 0.54. Baidu, Inc. has a 52 week low of $83.30 and a 52 week 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. The company’s fifty day simple moving average is $126.84 and its two-hundred day simple moving average is $129.89.

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.