Lombard Odier Asset Management USA Corp Invests $2.12 Million in Baidu, Inc. $BIDU

Lombard Odier Asset Management USA Corp bought a new stake in Baidu, Inc. (NASDAQ:BIDU) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,077 shares of the information services provider’s stock, valued at approximately $2,118,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Binnacle Investments Inc acquired a new position in Baidu during the second quarter worth approximately $29,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Baidu in the second quarter valued at approximately $43,000. UMB Bank n.a. grew its position 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 acquiring an additional 134 shares during the last quarter. Ameritas Advisory Services LLC grew its position in shares of Baidu by 12,400.0% during the third quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock worth $49,000 after acquiring an additional 372 shares during the last quarter. Finally, Mondrian Investment Partners LTD acquired a new position in shares of Baidu in the 3rd quarter valued at $80,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on BIDU. Weiss Ratings reiterated a “hold (c)” rating on shares of Baidu in a research report on Monday, December 29th. Morgan Stanley lowered their price objective on shares of Baidu from $150.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, February 27th. The Goldman Sachs Group lifted their price objective on shares of Baidu from $154.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Zacks Research cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Nomura decreased their target price on shares of Baidu from $196.00 to $186.00 and set a “buy” rating for the company in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Baidu currently has an average rating of “Moderate Buy” and an average price target of $157.89.

Baidu Price Performance

Baidu stock opened at $121.80 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.91. The business has a 50 day simple moving average of $140.07 and a 200-day simple moving average of $129.08. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $165.30. The stock has a market capitalization of $42.08 billion, a PE ratio of 76.60 and a beta of 0.33.

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.