Quantinno Capital Management LP Has $4.33 Million Stock Holdings in Baidu, Inc. $BIDU

Quantinno Capital Management LP boosted its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 19.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 38,867 shares of the information services provider’s stock after purchasing an additional 6,404 shares during the quarter. Quantinno Capital Management LP’s holdings in Baidu were worth $4,331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIDU. Morgan Stanley lifted its position in Baidu by 38.0% in the fourth quarter. Morgan Stanley now owns 2,709,426 shares of the information services provider’s stock worth $354,014,000 after purchasing an additional 745,588 shares during the period. RPD Fund Management LLC lifted its position in shares of Baidu by 161.6% during the 2nd quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock worth $107,959,000 after buying an additional 777,570 shares during the period. Capital World Investors boosted its stake in Baidu by 21.0% in the 4th quarter. Capital World Investors now owns 1,182,857 shares of the information services provider’s stock valued at $154,552,000 after buying an additional 205,040 shares in the last quarter. ARK Investment Management LLC boosted its stake in Baidu by 127.8% in the 4th quarter. ARK Investment Management LLC now owns 1,157,878 shares of the information services provider’s stock valued at $151,288,000 after buying an additional 649,490 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Baidu by 106.7% in the third quarter. Bank of America Corp DE now owns 1,129,272 shares of the information services provider’s stock valued at $148,804,000 after acquiring an additional 582,832 shares during the period.

Baidu Trading Up 0.3%

Shares of NASDAQ BIDU opened at $109.71 on Friday. Baidu, Inc. has a fifty-two week low of $84.64 and a fifty-two week high of $165.30. The firm has a market capitalization of $37.33 billion, a P/E ratio of -914.17, a P/E/G ratio of 2.37 and a beta of 0.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.85 and a quick ratio of 1.85. The company’s 50 day simple moving average is $113.67 and its 200 day simple moving average is $124.55.

Analysts Set New Price Targets

Several research firms have issued reports on BIDU. Bank of America dropped their price objective on Baidu from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th. JPMorgan Chase & Co. cut their target price on shares of Baidu from $230.00 to $205.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Nomura boosted their target price on Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Benchmark restated a “buy” rating and set a $215.00 price target on shares of Baidu in a research report on Tuesday, May 19th. Finally, Zacks Research lowered Baidu from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.33.

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.