TIAA CREF Investment Management LLC grew its position in shares of Baidu Inc (NASDAQ:BIDU) by 5.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 795,650 shares of the information services provider’s stock after buying an additional 41,792 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Baidu were worth $186,349,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of BIDU. Trustcore Financial Services LLC bought a new stake in shares of Baidu during the fourth quarter valued at approximately $109,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Baidu by 96.0% during 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 purchasing an additional 240 shares during the last quarter. Whittier Trust Co. grew its stake in shares of 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 purchasing an additional 230 shares during the last quarter. Virtue Capital Management LLC bought a new stake in shares of Baidu during the fourth quarter valued at approximately $155,000. Finally, Calton & Associates Inc. bought a new stake in shares of Baidu during the fourth quarter valued at approximately $182,000. 63.22% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on BIDU shares. Bank of America reissued a “buy” rating and set a $301.00 price target on shares of Baidu in a research note on Sunday, November 19th. Zacks Investment Research cut shares of Baidu from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. BidaskClub cut shares of Baidu from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Wells Fargo & Co reissued an “outperform” rating and set a $200.00 price target (down from $275.00) on shares of Baidu in a research note on Monday, January 8th. Finally, Jefferies Group cut shares of Baidu from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Baidu presently has an average rating of “Buy” and an average target price of $256.22.
Baidu Inc (BIDU) opened at $259.35 on Thursday. Baidu Inc has a 52 week low of $166.00 and a 52 week high of $274.97. The stock has a market cap of $90,050.00, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 1.60 and a beta of 1.77. The company has a quick ratio of 1.71, a current ratio of 1.84 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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