Daiwa Securities Group Inc. Trims Stake in Baidu Inc (BIDU)

Daiwa Securities Group Inc. decreased its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 38.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,125 shares of the information services provider’s stock after selling 7,475 shares during the period. Daiwa Securities Group Inc.’s holdings in Baidu were worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. 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 purchasing an additional 240 shares in the last quarter. Calton & Associates Inc. bought a new position in shares of Baidu during the 4th quarter valued at about $182,000. Invictus RG bought a new position in shares of Baidu during the 3rd quarter valued at about $193,000. First Manhattan Co. boosted its position in shares of Baidu by 135.6% during the 4th quarter. First Manhattan Co. now owns 886 shares of the information services provider’s stock valued at $207,000 after purchasing an additional 510 shares in the last quarter. Finally, Wellington Shields Capital Management LLC bought a new position in shares of Baidu during the 3rd quarter valued at about $208,000. Institutional investors own 63.73% of the company’s stock.

Shares of Baidu Inc (NASDAQ BIDU) opened at $225.60 on Wednesday. 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 52 week low of $166.00 and a 52 week high of $274.97. The company has a market cap of $76,855.89, a PE ratio of 29.68, a price-to-earnings-growth ratio of 1.54 and a beta of 1.86.

Several research firms have recently weighed in on BIDU. Barclays set a $250.00 price objective on shares of Baidu and gave the company a “hold” rating in a research report on Thursday, October 19th. UBS Group upgraded shares of Baidu from a “hold” rating to a “buy” rating in a research report on Monday, October 23rd. Jefferies Group raised their price objective on shares of Baidu from $232.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 20th. OTR Global upgraded shares of Baidu to a “positive” rating in a research report on Wednesday, October 25th. Finally, BidaskClub lowered shares of Baidu from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. 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 given a strong buy rating to the company. Baidu presently has an average rating of “Hold” and an average target price of $239.75.

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Baidu Company 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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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