Profund Advisors LLC trimmed its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,871 shares of the information services provider’s stock after selling 2,656 shares during the quarter. Profund Advisors LLC’s holdings in Baidu were worth $10,743,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of BIDU. MYDA Advisors LLC acquired a new stake in shares of Baidu during the 4th quarter worth about $937,000. Truewealth LLC purchased a new position in shares of Baidu in the 4th quarter valued at approximately $392,000. MML Investors Services LLC grew its stake in shares of Baidu by 25.8% in the 4th quarter. MML Investors Services LLC now owns 10,966 shares of the information services provider’s stock valued at $2,568,000 after purchasing an additional 2,250 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Baidu by 8,004.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 599,337 shares of the information services provider’s stock valued at $140,371,000 after buying an additional 591,942 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Baidu by 19.1% in the 4th quarter. Alliancebernstein L.P. now owns 50,516 shares of the information services provider’s stock valued at $11,831,000 after buying an additional 8,108 shares during the period. Institutional investors own 63.22% of the company’s stock.
A number of research firms have recently weighed in on BIDU. Bank of America reissued a “buy” rating and issued a $301.00 price target on shares of Baidu in a report on Sunday, November 19th. ValuEngine raised Baidu from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Barclays upped their target price on Baidu from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Zacks Investment Research downgraded Baidu from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Finally, Jefferies Group cut Baidu from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $250.01.
Shares of Baidu Inc (NASDAQ BIDU) traded up $1.00 during trading on Wednesday, hitting $259.35. 2,341,873 shares of the company were exchanged, compared to its average volume of 2,937,083. Baidu Inc has a fifty-two week low of $166.00 and a fifty-two week high of $274.97. The firm has a market capitalization of $90,050.00, a price-to-earnings ratio of 31.32, a P/E/G ratio of 1.64 and a beta of 1.77. The company has a current ratio of 1.84, a quick ratio of 1.71 and a debt-to-equity ratio of 0.30.
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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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