NS Partners Ltd Takes $1.19 Million Position in Baidu, Inc. $BIDU

NS Partners Ltd bought a new stake in Baidu, Inc. (NASDAQ:BIDU) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,400 shares of the information services provider’s stock, valued at approximately $1,189,000.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of Baidu in the 1st quarter worth $334,000. EverSource Wealth Advisors LLC increased its stake in Baidu by 71.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,182 shares of the information services provider’s stock worth $101,000 after acquiring an additional 493 shares during the last quarter. Guggenheim Capital LLC raised its position in Baidu by 53.3% during the second quarter. Guggenheim Capital LLC now owns 9,670 shares of the information services provider’s stock valued at $829,000 after purchasing an additional 3,362 shares during the period. First Trust Advisors LP lifted its stake in shares of Baidu by 2.6% in the 2nd quarter. First Trust Advisors LP now owns 50,033 shares of the information services provider’s stock valued at $4,291,000 after purchasing an additional 1,259 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in shares of Baidu in the 2nd quarter worth approximately $254,000.

Analyst Ratings Changes

Several analysts recently weighed in on BIDU shares. Zacks Research lowered Baidu from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Susquehanna lowered their target price on shares of Baidu from $140.00 to $105.00 and set a “neutral” rating for the company in a report on Friday. JPMorgan Chase & Co. dropped their price target on shares of Baidu from $230.00 to $205.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Nomura increased their price objective on shares of Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Finally, Barclays decreased their price objective on shares of Baidu from $124.00 to $96.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Baidu presently has an average rating of “Moderate Buy” and a consensus target price of $154.89.

Baidu Stock Performance

Shares of Baidu stock opened at $95.28 on Tuesday. The company has a market capitalization of $32.42 billion, a PE ratio of -45.16, a P/E/G ratio of 4.29 and a beta of 0.58. The company has a 50-day simple moving average of $106.58 and a two-hundred day simple moving average of $118.32. Baidu, Inc. has a one year low of $89.60 and a one year high of $165.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.33 and a current ratio of 2.33.

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.