Monaco Asset Management SAM Has $9.22 Million Stock Position in Baidu, Inc. $BIDU

Monaco Asset Management SAM reduced its stake in Baidu, Inc. (NASDAQ:BIDU) by 75.2% during the 3rd quarter, Holdings Channel reports. The fund owned 70,000 shares of the information services provider’s stock after selling 212,500 shares during the period. Baidu makes up about 0.6% of Monaco Asset Management SAM’s investment portfolio, making the stock its 11th largest position. Monaco Asset Management SAM’s holdings in Baidu were worth $9,224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in BIDU. Binnacle Investments Inc bought a new position in shares of Baidu during the second quarter worth approximately $29,000. Winthrop Capital Management LLC acquired a new position in Baidu in the 2nd quarter valued at $39,000. Mizuho Securities Co. Ltd. bought a new position in Baidu during the 2nd quarter worth $43,000. UMB Bank n.a. lifted its holdings in shares of Baidu by 65.0% during the third quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock worth $45,000 after buying an additional 134 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its position in shares of Baidu by 12,400.0% in the third quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock valued at $49,000 after acquiring an additional 372 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BIDU shares. Deutsche Bank Aktiengesellschaft upgraded shares of Baidu from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, November 6th. Barclays boosted their price target on Baidu from $100.00 to $147.00 and gave the company an “equal weight” rating in a research note on Monday, January 26th. Jefferies Financial Group increased their price target on Baidu from $159.00 to $181.00 and gave the stock a “buy” rating in a research report on Friday, January 2nd. UBS Group reiterated a “buy” rating on shares of Baidu in a research report on Wednesday, February 4th. Finally, Wall Street Zen raised Baidu from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $159.94.

Baidu Stock Performance

NASDAQ:BIDU opened at $135.86 on Friday. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $165.30. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $141.13 and its 200 day simple moving average is $124.57. The firm has a market capitalization of $46.93 billion, a PE ratio of 45.14 and a beta of 0.32.

Baidu Company 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.