Themes Management Co LLC Buys Shares of 11,078 Baidu, Inc. $BIDU

Themes Management Co LLC bought a new stake in Baidu, Inc. (NASDAQ:BIDU) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 11,078 shares of the information services provider’s stock, valued at approximately $1,447,000. Baidu accounts for 1.1% of Themes Management Co LLC’s holdings, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RPD Fund Management LLC raised its position in Baidu by 161.6% in the second quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock valued at $107,959,000 after purchasing an additional 777,570 shares during the period. Schroder Investment Management Group purchased a new stake in Baidu in the third quarter valued at approximately $165,334,000. Bank of America Corp DE raised its position in Baidu by 106.7% in the third quarter. Bank of America Corp DE now owns 1,129,272 shares of the information services provider’s stock valued at $148,804,000 after purchasing an additional 582,832 shares during the period. Capital World Investors raised its position in Baidu by 0.5% in the third quarter. Capital World Investors now owns 977,817 shares of the information services provider’s stock valued at $128,847,000 after purchasing an additional 5,343 shares during the period. Finally, Contrarius Group Holdings Ltd raised its position in Baidu by 500.3% in the third quarter. Contrarius Group Holdings Ltd now owns 891,749 shares of the information services provider’s stock valued at $117,506,000 after purchasing an additional 743,205 shares during the period.

Baidu Stock Performance

Shares of Baidu stock opened at $127.79 on Tuesday. The company has a quick ratio of 1.76, 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. The firm’s 50 day moving average is $123.49 and its two-hundred day moving average is $129.37. The firm has a market capitalization of $43.48 billion, a P/E ratio of -1,064.83, a P/E/G ratio of 2.15 and a beta of 0.53.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BIDU. Weiss Ratings lowered Baidu from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Zacks Research cut Baidu from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Nomura increased their price objective on Baidu from $186.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Benchmark reiterated a “buy” rating and issued a $215.00 price objective on shares of Baidu in a research note on Tuesday, May 19th. Finally, UBS Group reissued a “buy” rating on shares of Baidu in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Baidu has an average 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.