Optiver Holding B.V. Has $939,000 Position in Baidu, Inc. $BIDU

Optiver Holding B.V. lowered its holdings in Baidu, Inc. (NASDAQ:BIDU) by 94.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,964 shares of the information services provider’s stock after selling 120,000 shares during the quarter. Optiver Holding B.V.’s holdings in Baidu were worth $939,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BIDU. Compound Planning Inc. boosted its holdings in Baidu by 39.3% during the third quarter. Compound Planning Inc. now owns 5,237 shares of the information services provider’s stock valued at $690,000 after purchasing an additional 1,478 shares in the last quarter. Aurora Investment Managers LLC. acquired a new position in shares of Baidu in the 3rd quarter worth approximately $3,424,000. OneDigital Investment Advisors LLC bought a new position in shares of Baidu during the 3rd quarter worth approximately $253,000. Kazazian Asset Management LLC lifted its position in shares of Baidu by 20.2% during the 3rd quarter. Kazazian Asset Management LLC now owns 7,720 shares of the information services provider’s stock worth $1,017,000 after buying an additional 1,300 shares during the period. Finally, CenterBook Partners LP acquired a new stake in Baidu in the 3rd quarter valued at $405,000.

Baidu Stock Down 0.7%

Shares of NASDAQ:BIDU opened at $132.65 on Thursday. 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 firm has a market cap of $45.82 billion, a P/E ratio of 44.07 and a beta of 0.32. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $165.30. The company’s 50-day moving average price is $141.98 and its two-hundred day moving average price is $125.81.

Analyst Ratings Changes

BIDU has been the subject of several recent analyst reports. Barclays increased their price objective on Baidu from $100.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Monday, January 26th. Benchmark reaffirmed a “buy” rating on shares of Baidu in a report on Friday, February 20th. JPMorgan Chase & Co. raised shares of Baidu from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $110.00 to $188.00 in a report on Monday, November 24th. National Bank Financial upgraded shares of Baidu to an “outperform” rating in a research report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Baidu from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Baidu currently has an average rating of “Moderate Buy” and an average target price of $159.94.

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.