Baidu Inc (BIDU) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,150 shares of the information services provider’s stock after acquiring an additional 800 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Baidu were worth $15,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BIDU. Schwab Charles Investment Management Inc. increased its position in Baidu by 17.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 11,626 shares of the information services provider’s stock worth $2,006,000 after buying an additional 1,747 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Baidu in the second quarter worth $423,000. HL Financial Services LLC increased its position in Baidu by 0.8% in the second quarter. HL Financial Services LLC now owns 3,726 shares of the information services provider’s stock worth $666,000 after buying an additional 31 shares during the last quarter. Trexquant Investment LP purchased a new stake in Baidu in the second quarter worth $537,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Baidu by 140.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the information services provider’s stock worth $215,000 after buying an additional 700 shares during the last quarter. 64.04% of the stock is owned by institutional investors.

A number of analysts have issued reports on the company. Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $265.83 target price for the company in a research report on Tuesday, September 26th. Wells Fargo & Company assumed coverage on Baidu in a research report on Tuesday, September 26th. They issued an “outperform” rating and a $290.00 target price for the company. Oppenheimer raised their target price on Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Bank of America reissued a “buy” rating and issued a $263.00 target price on shares of Baidu in a research report on Monday, September 18th. Finally, Citigroup reissued a “hold” rating and issued a $253.00 target price on shares of Baidu in a research report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $236.36.

Shares of Baidu Inc (NASDAQ BIDU) opened at $234.59 on Friday. The stock has a market capitalization of $80,798.55, a price-to-earnings ratio of 29.50, a P/E/G ratio of 1.38 and a beta of 1.89. Baidu Inc has a 52 week low of $162.02 and a 52 week high of $274.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71.

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Baidu Company Profile

Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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