Rockefeller Capital Management L.P. Acquires Shares of 6,991 Baidu (BIDU)

Rockefeller Capital Management L.P. acquired a new stake in shares of Baidu (NASDAQ:BIDU) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 6,991 shares of the information services provider’s stock, valued at approximately $1,560,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Baidu by 84.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 163,058 shares of the information services provider’s stock valued at $38,190,000 after purchasing an additional 74,422 shares in the last quarter. First Manhattan Co. grew its holdings in shares of Baidu by 135.6% in the fourth 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. Fisher Asset Management LLC grew its holdings in shares of Baidu by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 1,770,476 shares of the information services provider’s stock valued at $414,663,000 after purchasing an additional 48,476 shares in the last quarter. Advisors Capital Management LLC grew its holdings in shares of Baidu by 151.6% in the fourth quarter. Advisors Capital Management LLC now owns 22,623 shares of the information services provider’s stock valued at $5,299,000 after purchasing an additional 13,632 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Baidu by 140.3% in the fourth quarter. SG Americas Securities LLC now owns 5,588 shares of the information services provider’s stock valued at $1,309,000 after purchasing an additional 3,263 shares in the last quarter. Hedge funds and other institutional investors own 61.28% of the company’s stock.

A number of research analysts recently weighed in on the stock. BidaskClub lowered shares of Baidu from a “buy” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group lowered shares of Baidu from an “outperform” rating to a “neutral” rating in a research note on Friday, May 18th. Sanford C. Bernstein raised shares of Baidu from an “underperform” rating to a “market perform” rating and set a $305.00 price objective for the company in a research note on Friday, May 11th. Goldman Sachs initiated coverage on shares of Baidu in a research note on Tuesday, May 8th. They set a “buy” rating for the company. Finally, Zacks Investment Research raised shares of Baidu from a “hold” rating to a “strong-buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, May 2nd. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $281.40.

Shares of BIDU opened at $239.97 on Wednesday. The firm has a market cap of $83.40 billion, a PE ratio of 29.77, a P/E/G ratio of 1.30 and a beta of 1.87. Baidu has a 12-month low of $173.52 and a 12-month high of $284.22. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.34.

Baidu Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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