Tejara Capital Ltd Makes New Investment in Baidu, Inc. (NASDAQ:BIDU)

Tejara Capital Ltd acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 27,700 shares of the information services provider's stock, valued at approximately $2,335,000. Baidu comprises about 1.5% of Tejara Capital Ltd's holdings, making the stock its 19th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in BIDU. Maple Rock Capital Partners Inc. acquired a new stake in shares of Baidu during the 3rd quarter worth $42,748,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Baidu during the 3rd quarter worth $36,272,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Baidu by 1,111.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock worth $30,317,000 after buying an additional 330,627 shares during the last quarter. Hhlr Advisors LTD. acquired a new stake in shares of Baidu during the 3rd quarter worth $31,587,000. Finally, SG Americas Securities LLC increased its holdings in shares of Baidu by 147.5% during the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock worth $32,161,000 after buying an additional 227,338 shares during the last quarter.

Baidu Stock Up 0.3 %

Shares of BIDU stock traded up $0.27 during trading hours on Friday, hitting $94.54. 3,768,211 shares of the company were exchanged, compared to its average volume of 3,977,646. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. Baidu, Inc. has a one year low of $77.20 and a one year high of $116.25. The business's 50-day simple moving average is $90.06 and its two-hundred day simple moving average is $89.85. The stock has a market capitalization of $33.15 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 2.96 and a beta of 0.47.

Remove Ads

Analysts Set New Price Targets

BIDU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. downgraded Baidu from an "overweight" rating to a "neutral" rating in a report on Wednesday, November 27th. StockNews.com downgraded Baidu from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Daiwa Capital Markets reiterated an "outperform" rating on shares of Baidu in a report on Tuesday, February 18th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Finally, Benchmark reiterated a "buy" rating and issued a $130.00 price target on shares of Baidu in a report on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $111.25.

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.