Corecam AG Invests $1.95 Million in Baidu, Inc. $BIDU

Corecam AG acquired a new stake in Baidu, Inc. (NASDAQ:BIDU) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 17,460 shares of the information services provider’s stock, valued at approximately $1,945,000. Baidu comprises approximately 1.7% of Corecam AG’s investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors have also made changes to their positions in the business. Morgan Stanley increased its stake in Baidu by 38.0% in the 4th quarter. Morgan Stanley now owns 2,709,426 shares of the information services provider’s stock valued at $354,014,000 after buying an additional 745,588 shares during the last quarter. RPD Fund Management LLC boosted its stake in shares of Baidu by 161.6% during the 2nd quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock worth $107,959,000 after buying an additional 777,570 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Baidu during the 3rd quarter worth about $165,334,000. Capital World Investors grew its holdings in shares of Baidu by 21.0% in the 4th quarter. Capital World Investors now owns 1,182,857 shares of the information services provider’s stock valued at $154,552,000 after acquiring an additional 205,040 shares in the last quarter. Finally, ARK Investment Management LLC grew its holdings in shares of Baidu by 127.8% in the 4th quarter. ARK Investment Management LLC now owns 1,157,878 shares of the information services provider’s stock valued at $151,288,000 after acquiring an additional 649,490 shares in the last quarter.

Baidu Stock Down 3.6%

Shares of BIDU stock opened at $103.99 on Friday. Baidu, Inc. has a 52-week low of $84.64 and a 52-week high of $165.30. The stock has a market cap of $35.38 billion, a price-to-earnings ratio of -866.51, a PEG ratio of 1.84 and a beta of 0.54. The firm’s 50-day moving average is $126.57 and its 200-day moving average is $129.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.85 and a current ratio of 1.85.

Wall Street Analyst Weigh In

BIDU has been the topic of several analyst reports. Citigroup reiterated a “buy” rating on shares of Baidu in a report on Tuesday. BNP Paribas Exane initiated coverage on Baidu in a research note on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 price target for the company. Nomura boosted their price target on Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Benchmark reiterated a “buy” rating and set a $215.00 price objective on shares of Baidu in a research note on Tuesday, May 19th. Finally, Wall Street Zen raised Baidu from a “sell” rating to a “hold” rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Baidu currently has a consensus rating of “Moderate Buy” and a consensus 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.