Baidu, Inc. (NASDAQ:BIDU) Stock Position Raised by Monaco Asset Management SAM

Monaco Asset Management SAM grew its stake in Baidu, Inc. (NASDAQ:BIDU) by 48.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,371 shares of the information services provider’s stock after buying an additional 59,401 shares during the period. Baidu makes up about 2.2% of Monaco Asset Management SAM’s holdings, making the stock its 4th biggest holding. Monaco Asset Management SAM’s holdings in Baidu were worth $15,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Baidu during the 3rd quarter valued at about $1,054,000. Fred Alger Management LLC bought a new position in Baidu during the third quarter valued at approximately $790,000. SG Americas Securities LLC raised its stake in shares of Baidu by 147.5% during the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock worth $32,161,000 after acquiring an additional 227,338 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Baidu in the 3rd quarter worth approximately $72,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Baidu in the 4th quarter valued at $558,000.

Baidu Stock Up 2.0 %

Shares of Baidu stock opened at $94.26 on Friday. The company’s fifty day simple moving average is $88.14 and its two-hundred day simple moving average is $89.30. Baidu, Inc. has a 12-month low of $77.20 and a 12-month high of $116.25. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a market cap of $33.05 billion, a P/E ratio of 10.28, a PEG ratio of 2.96 and a beta of 0.47.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup decreased their target price on shares of Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Nomura cut Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Barclays boosted their target price on Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Baidu in a research note on Saturday, March 8th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.25.

Baidu Profile

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.