Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Baidu Inc (NASDAQ:BIDU) by 156.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 345,085 shares of the information services provider’s stock after acquiring an additional 210,404 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Baidu were worth $80,822,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of BIDU. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in 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 acquiring an additional 240 shares during the last quarter. Intellectus Partners LLC purchased a new stake in Baidu during the second quarter valued at $185,000. Invictus RG purchased a new stake in Baidu during the third quarter valued at $193,000. Coldstream Capital Management Inc. purchased a new stake in Baidu during the second quarter valued at $206,000. Finally, First Manhattan Co. increased its position in Baidu by 135.6% during the fourth quarter. First Manhattan Co. now owns 886 shares of the information services provider’s stock valued at $207,000 after acquiring an additional 510 shares during the last quarter. Institutional investors own 63.94% of the company’s stock.
Shares of Baidu Inc (BIDU) opened at $233.17 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71. Baidu Inc has a 1 year low of $166.00 and a 1 year high of $274.97. The stock has a market capitalization of $80,960.00, a PE ratio of 32.16, a P/E/G ratio of 1.62 and a beta of 1.86.
A number of analysts have commented on BIDU shares. Jefferies Group upped their price target on Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Bank of America restated a “buy” rating and issued a $301.00 price target on shares of Baidu in a research report on Sunday, November 19th. Wells Fargo & Co restated an “outperform” rating and issued a $200.00 price target (down previously from $275.00) on shares of Baidu in a research report on Monday, January 8th. OTR Global upgraded Baidu to a “positive” rating in a research report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $239.75.
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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