Tower Research Capital LLC TRC boosted its stake in Baidu Inc (NASDAQ:BIDU) by 187.9% during the 4th quarter, HoldingsChannel reports. The fund owned 3,950 shares of the information services provider’s stock after purchasing an additional 2,578 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Baidu were worth $925,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Baidu by 96.0% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock valued at $121,000 after acquiring an additional 240 shares in the last quarter. Whittier Trust Co. lifted its position in Baidu by 88.5% during the fourth quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock valued at $115,000 after buying an additional 230 shares during the period. Calton & Associates Inc. purchased a new position in Baidu during the fourth quarter valued at $182,000. Invictus RG purchased a new position in Baidu during the third quarter valued at $193,000. Finally, Wellington Shields Capital Management LLC purchased a new position in Baidu during the third quarter valued at $208,000. Institutional investors and hedge funds own 63.45% of the company’s stock.
Several equities analysts have commented on BIDU shares. UBS Group raised Baidu from a “hold” rating to a “buy” rating in a research report on Monday, October 23rd. Bank of America reissued a “buy” rating and set a $301.00 price objective on shares of Baidu in a research report on Sunday, November 19th. Barclays raised their price objective on Baidu from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Zacks Investment Research lowered Baidu from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Finally, Jefferies Group lowered Baidu from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Baidu has an average rating of “Buy” and a consensus price target of $246.76.
Shares of Baidu Inc (BIDU) opened at $244.72 on Monday. The stock has a market capitalization of $84,859.11, a PE ratio of 29.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.86. Baidu Inc has a 52 week low of $166.00 and a 52 week high of $274.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.71 and a current ratio of 1.84.
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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.
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