Sei Investments Co. Increases Position in Baidu Inc (BIDU)

Sei Investments Co. lifted its holdings in Baidu Inc (NASDAQ:BIDU) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 327,925 shares of the information services provider’s stock after purchasing an additional 2,808 shares during the period. Sei Investments Co. owned approximately 0.09% of Baidu worth $73,402,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Atria Investments LLC grew its holdings in Baidu by 48.7% during the 4th quarter. Atria Investments LLC now owns 3,989 shares of the information services provider’s stock worth $934,000 after acquiring an additional 1,306 shares in the last quarter. Pitcairn Co. grew its holdings in Baidu by 11.3% during the 3rd quarter. Pitcairn Co. now owns 7,479 shares of the information services provider’s stock worth $1,852,000 after acquiring an additional 760 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Baidu by 3.2% during the 3rd 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 acquiring an additional 9,666 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Baidu during the 3rd quarter worth approximately $3,497,000. Finally, Financial Sense Advisors Inc. acquired a new position in Baidu during the 3rd quarter worth approximately $294,000. Hedge funds and other institutional investors own 63.73% of the company’s stock.

Baidu Inc (NASDAQ:BIDU) opened at $221.64 on Tuesday. Baidu Inc has a twelve month low of $166.00 and a twelve month high of $274.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market cap of $74,785.73, a price-to-earnings ratio of 29.16, a PEG ratio of 1.50 and a beta of 1.86.

BIDU has been the subject of several analyst reports. Jefferies Group boosted their price target 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 reiterated a “buy” rating and set a $301.00 price target on shares of Baidu in a report on Sunday, November 19th. Wells Fargo & Co reiterated an “outperform” rating and set a $200.00 price target (down previously from $275.00) on shares of Baidu in a report on Monday, January 8th. OTR Global upgraded shares of Baidu to a “positive” rating in a report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $239.75.

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About Baidu

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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