Lyell Wealth Management LP bought a new position in Baidu Inc (NASDAQ:BIDU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,600 shares of the information services provider’s stock, valued at approximately $609,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in BIDU. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Baidu by 96.0% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock worth $121,000 after acquiring an additional 240 shares during the last quarter. Aviance Capital Management LLC bought a new position in shares of Baidu in the second quarter worth about $124,000. Intellectus Partners LLC bought a new stake in shares of Baidu during the second quarter worth approximately $185,000. Invictus RG bought a new stake in shares of Baidu during the third quarter worth approximately $193,000. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Baidu during the second quarter worth approximately $206,000. 63.73% of the stock is owned by institutional investors.
A number of research firms recently weighed in on BIDU. Oppenheimer boosted their price target on shares of Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. JPMorgan Chase & Co. dropped their price target on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Wells Fargo & Co reissued an “outperform” rating and set a $300.00 price target (up from $290.00) on shares of Baidu in a research note on Wednesday. Bank of America reissued a “buy” rating and set a $301.00 price target on shares of Baidu in a research note on Sunday, November 19th. Finally, BidaskClub raised shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Baidu currently has an average rating of “Hold” and a consensus target price of $245.01.
Shares of Baidu Inc (NASDAQ BIDU) traded up $3.96 during midday trading on Wednesday, reaching $225.60. 4,699,700 shares of the company were exchanged, compared to its average volume of 3,089,365. The firm has a market capitalization of $82,170.00, a PE ratio of 31.33, a P/E/G ratio of 1.54 and a beta of 1.86. Baidu Inc has a 52-week low of $166.00 and a 52-week high of $274.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71.
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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.
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