Hexavest Inc. Sells 1,031 Shares of Baidu Inc (BIDU)

Hexavest Inc. cut its holdings in Baidu Inc (NASDAQ:BIDU) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,499 shares of the information services provider’s stock after selling 1,031 shares during the quarter. Hexavest Inc.’s holdings in Baidu were worth $9,017,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BIDU. Tudor Investment Corp ET AL acquired a new stake in Baidu in the second quarter worth $559,000. Pitcairn Co. raised its holdings in Baidu by 11.3% in the third quarter. Pitcairn Co. now owns 7,479 shares of the information services provider’s stock worth $1,852,000 after purchasing an additional 760 shares during the period. Lazard Asset Management LLC raised its holdings in Baidu by 2.4% in the second quarter. Lazard Asset Management LLC now owns 5,879,990 shares of the information services provider’s stock worth $1,051,693,000 after purchasing an additional 138,105 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Baidu by 3.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 315,389 shares of the information services provider’s stock worth $78,118,000 after purchasing an additional 9,666 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in Baidu in the third quarter worth $3,497,000. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on BIDU shares. OTR Global upgraded shares of Baidu to a “positive” rating in a report on Wednesday, October 25th. Barclays set a $250.00 target price on shares of Baidu and gave the stock a “hold” rating in a report on Thursday, October 19th. Jefferies Group increased their target price on shares of Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Bank of America restated a “buy” rating and set a $301.00 price objective on shares of Baidu in a report on Sunday, November 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $234.77.

Shares of Baidu Inc (NASDAQ BIDU) opened at $253.04 on Friday. Baidu Inc has a twelve month low of $166.00 and a twelve month high of $274.97. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34. The company has a market cap of $87,744.15, a price-to-earnings ratio of 32.03, a P/E/G ratio of 1.53 and a beta of 1.90.

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Baidu Profile

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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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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