Handelsbanken Fonder AB grew its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,515 shares of the information services provider’s stock after acquiring an additional 26,000 shares during the quarter. Baidu comprises 1.3% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 21st largest position. Handelsbanken Fonder AB owned about 0.07% of Baidu worth $58,439,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of BIDU. Trustcore Financial Services LLC bought a new stake in shares of Baidu during the 4th quarter valued at about $109,000. Whittier Trust Co. boosted its position in shares of Baidu by 88.5% during the 4th quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock valued at $115,000 after acquiring an additional 230 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Baidu by 96.0% during the 3rd 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 during the last quarter. We Are One Seven LLC bought a new stake in shares of Baidu during the 4th quarter valued at about $135,000. Finally, Virtue Capital Management LLC bought a new stake in shares of Baidu during the 4th quarter valued at about $155,000. Hedge funds and other institutional investors own 63.15% of the company’s stock.
Baidu stock opened at $243.80 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $88,236.55, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 1.57 and a beta of 1.77. Baidu Inc has a 12 month low of $166.00 and a 12 month high of $274.97.
BIDU has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Baidu from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. BidaskClub downgraded Baidu from a “hold” rating to a “sell” rating in a research report on Saturday, December 30th. Wells Fargo reiterated an “outperform” rating and set a $200.00 price target (down previously from $275.00) on shares of Baidu in a research report on Monday, January 8th. Jefferies Group cut Baidu from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Barclays raised their price objective on Baidu from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $256.22.
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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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