Monaco Asset Management SAM Has $14.05 Million Stock Holdings in Baidu, Inc. $BIDU

Monaco Asset Management SAM boosted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 53.6% during the 4th quarter, Holdings Channel reports. The firm owned 107,500 shares of the information services provider’s stock after acquiring an additional 37,500 shares during the quarter. Baidu comprises approximately 2.4% of Monaco Asset Management SAM’s investment portfolio, making the stock its 7th largest position. Monaco Asset Management SAM’s holdings in Baidu were worth $14,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Keel Point LLC grew its position in Baidu by 1.7% during the 3rd quarter. Keel Point LLC now owns 5,144 shares of the information services provider’s stock worth $678,000 after purchasing an additional 84 shares during the last quarter. PDS Planning Inc boosted its holdings in shares of Baidu by 5.7% in the 4th quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock valued at $213,000 after acquiring an additional 88 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Baidu by 8.4% in the 4th quarter. Signaturefd LLC now owns 1,276 shares of the information services provider’s stock valued at $167,000 after purchasing an additional 99 shares during the period. State of Wyoming lifted its stake in shares of Baidu by 13.2% in the 3rd quarter. State of Wyoming now owns 857 shares of the information services provider’s stock valued at $113,000 after purchasing an additional 100 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Baidu by 11.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,043 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 108 shares during the period.

Baidu Price Performance

Shares of NASDAQ BIDU opened at $135.31 on Monday. The firm has a 50-day simple moving average of $124.21 and a 200-day simple moving average of $129.48. The stock has a market capitalization of $46.04 billion, a price-to-earnings ratio of -1,127.49, a price-to-earnings-growth ratio of 2.28 and a beta of 0.54. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.22. Baidu, Inc. has a 52 week low of $81.17 and a 52 week high of $165.30.

Analysts Set New Price Targets

BIDU has been the topic of several research analyst reports. China Renaissance upgraded shares of Baidu from a “hold” rating to a “buy” rating and lifted their target price for the company from $134.00 to $180.00 in a research report on Tuesday, February 3rd. Wall Street Zen upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research report on Monday, May 25th. BNP Paribas Exane initiated coverage on shares of Baidu in a research report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 target price on the stock. Nomura increased their target price on shares of Baidu from $186.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings cut shares of Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 18th. 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 given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $162.58.

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.