<div id="readability-page-1"><p>Westend Capital Management LLC purchased a new stake in  Baidu, Inc. (NASDAQ:BIDU - Free Report) during the third quarter, according to its most recent 13F filing with the Securities &amp; Exchange Commission. The fund purchased 75,562 shares of the information services provider's stock, valued at approximately $9,957,000. Baidu makes up  approximately  2.9% of Westend Capital Management LLC's investment portfolio, making the stock its 19th largest holding.</p><ul><li>3 Reasons Baidu Could Be the Dark Horse of Global AI</li></ul><p>A number of other hedge funds have also modified their holdings of BIDU. Binnacle Investments Inc acquired a new stake in  Baidu in the 2nd quarter valued at approximately $29,000.  Winthrop Capital Management LLC bought a new position in shares of  Baidu during the 2nd quarter worth approximately $39,000.  Mizuho Securities Co. Ltd. acquired a new stake in shares of  Baidu in the second quarter valued at approximately $43,000.  CX Institutional raised its holdings in shares of  Baidu by 34.1% in the second quarter. CX Institutional now owns 715 shares of the information services provider's stock valued at $61,000 after purchasing an additional 182 shares during the last quarter.  Finally, Assetmark Inc. lifted its position in shares of  Baidu by 127.6% in the second quarter. Assetmark Inc. now owns 742 shares of the information services provider's stock worth $64,000 after purchasing an additional 416 shares in the last quarter. </p><h2>Baidu Trading Up 1.2%</h2><p>Shares of NASDAQ:BIDU opened at $124.80 on Monday. Baidu, Inc. has a 52-week low of $74.71 and a 52-week high of $149.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 1.91. The company has a market capitalization of $43.11 billion, a P/E ratio of 41.46 and a beta of 0.44. The company has a 50-day simple moving average of $121.82 and a 200 day simple moving average of $108.66. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Uber Is Crushing Lyft—And It’s Not Even Close</li></ul><p>BIDU has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Baidu from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research report on Saturday. Zephirin Group initiated coverage on Baidu in a research report on Monday, September 15th. They issued a &#34;sell&#34; rating and a $92.00 target price on the stock. Weiss Ratings  reiterated a &#34;hold (c)&#34; rating on shares of Baidu in a report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft raised Baidu from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $160.00 price target for the company in a research report on Thursday, November 6th. Finally, Bank of America boosted their price target on Baidu from $100.00 to $151.00 and gave the stock a &#34;buy&#34; rating in a research report on Wednesday, November 19th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned  a Buy rating, six have given a Hold rating and one  has given a Sell rating to the stock. According to data from MarketBeat, Baidu  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $146.11.</p><p><b>View Our Latest Stock Analysis on Baidu</b></p><h2>Baidu Profile</h2> (Free Report)<ul><li>Cathie Wood Buys Alibaba and Baidu: Momentum or More Value Ahead?</li></ul><p>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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Baidu</li><li>Do not delete, read immediately</li><li>How the Rich Retire</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>How Long Will $1M Last in Retirement?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QklEVQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QklEVQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Baidu Right Now?</h2><p>Before you consider Baidu, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Baidu wasn't on the list.</p><p>While Baidu currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Westend Capital Management LLC acquired 75,562 shares of Baidu, Inc. (NASDAQ:BIDU) valued at approximately $9.96 million during Q3, making it the 19th largest holding in their portfolio. Other hedge funds have also increased their stakes in Baidu. The stock opened at $124.80, with a 52-week range of $74.71 to $149.51. Analyst ratings vary, with a consensus target price of $146.11 and a mix of buy, hold, and sell ratings. Baidu is a leading Chinese technology company known for its search engine and AI services.</p>

- Westend Capital Management LLC purchased 75,562 shares of Baidu, Inc., valued at approximately $9.96 million, making it the 19th largest holding in its portfolio.  
- Several other hedge funds have also adjusted their positions in Baidu, with notable new stakes acquired in the second quarter.  
- Baidu currently holds a Moderate Buy rating, with an average target price of $146.11, while various analysts have differing views ranging from sell to buy ratings.

Westend Capital Management LLC Purchases Shares of 75,562 Baidu, Inc. $BIDU