Themes Management Co LLC Purchases New Holdings in Baidu, Inc. $BIDU

Themes Management Co LLC purchased a new stake in Baidu, Inc. (NASDAQ:BIDU) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 11,078 shares of the information services provider’s stock, valued at approximately $1,447,000. Baidu makes up approximately 1.1% of Themes Management Co LLC’s holdings, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BIDU. RPD Fund Management LLC lifted its position in Baidu by 161.6% during the second 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 in the last quarter. Schroder Investment Management Group acquired a new stake in shares of Baidu in the 3rd quarter worth $165,334,000. Bank of America Corp DE raised its holdings in shares of Baidu by 106.7% during the 3rd quarter. Bank of America Corp DE now owns 1,129,272 shares of the information services provider’s stock worth $148,804,000 after acquiring an additional 582,832 shares during the period. Capital World Investors boosted its position in shares of Baidu by 0.5% during the 3rd quarter. Capital World Investors now owns 977,817 shares of the information services provider’s stock valued at $128,847,000 after acquiring an additional 5,343 shares during the last quarter. Finally, Contrarius Group Holdings Ltd grew its holdings in shares of 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.

Analysts Set New Price Targets

Several research firms recently issued reports on BIDU. Morgan Stanley raised their price objective on shares of Baidu from $135.00 to $140.00 in a research report on Tuesday, May 19th. Zephirin Group raised their price objective on shares of Baidu from $88.00 to $89.00 and gave the stock a “sell” rating in a research report on Monday, March 2nd. Nomura raised 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. China Renaissance raised shares of Baidu from a “hold” rating to a “buy” rating and lifted their price target for the company from $134.00 to $180.00 in a research report on Tuesday, February 3rd. Finally, UBS Group reaffirmed a “buy” rating on shares of Baidu in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.58.

Baidu Price Performance

BIDU stock opened at $127.79 on Tuesday. The firm has a market cap of $43.48 billion, a PE ratio of -1,064.83, a PEG ratio of 2.15 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.76 and a current ratio of 1.85. The firm’s 50 day moving average price is $123.49 and its 200-day moving average price is $129.37. Baidu, Inc. has a one year low of $81.17 and a one year high of $165.30.

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.