Polunin Capital Partners Ltd Acquires 68,496 Shares of Baidu, Inc. $BIDU

Polunin Capital Partners Ltd lifted its holdings in Baidu, Inc. (NASDAQ:BIDU) by 19.9% during the third quarter, HoldingsChannel.com reports. The firm owned 412,368 shares of the information services provider’s stock after purchasing an additional 68,496 shares during the period. Baidu accounts for 8.6% of Polunin Capital Partners Ltd’s portfolio, making the stock its 4th biggest position. Polunin Capital Partners Ltd’s holdings in Baidu were worth $58,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Binnacle Investments Inc acquired a new position in shares of Baidu during the 2nd quarter worth about $29,000. Winthrop Capital Management LLC acquired a new position in Baidu during the second quarter valued at approximately $39,000. Mizuho Securities Co. Ltd. bought a new position in Baidu in the second quarter valued at approximately $43,000. CX Institutional increased its position in shares of Baidu by 34.1% during the 2nd quarter. CX Institutional now owns 715 shares of the information services provider’s stock worth $61,000 after purchasing an additional 182 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Baidu by 127.6% in the 2nd quarter. Assetmark Inc. now owns 742 shares of the information services provider’s stock valued at $64,000 after buying an additional 416 shares during the last quarter.

Baidu Price Performance

Baidu stock opened at $119.31 on Wednesday. The company has a market capitalization of $41.22 billion, a price-to-earnings ratio of 39.64 and a beta of 0.44. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. Baidu, Inc. has a 12 month low of $74.71 and a 12 month high of $149.51. The stock’s 50 day moving average is $122.14 and its 200-day moving average is $106.57.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BIDU. Daiwa Capital Markets set a $160.00 target price on shares of Baidu and gave the stock a “buy” rating in a report on Tuesday, October 14th. Barclays upped their target price on shares of Baidu from $81.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Baidu in a report on Monday. UBS Group set a $188.00 price objective on Baidu in a research note on Monday, November 24th. Finally, The Goldman Sachs Group lifted their target price on Baidu from $154.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Baidu presently has a consensus rating of “Moderate Buy” and an average target price of $146.11.

Baidu Profile

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.