Marathon Asset Management LLP Boosts Position in Baidu Inc (BIDU)

Marathon Asset Management LLP boosted its stake in shares of Baidu Inc (NASDAQ:BIDU) by 38.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,068,623 shares of the information services provider’s stock after purchasing an additional 296,264 shares during the period. Baidu comprises approximately 3.1% of Marathon Asset Management LLP’s investment portfolio, making the stock its 4th biggest holding. Marathon Asset Management LLP’s holdings in Baidu were worth $244,373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bartlett & Co. LLC boosted its position in Baidu by 71.0% during the second quarter. Bartlett & Co. LLC now owns 530 shares of the information services provider’s stock worth $129,000 after purchasing an additional 220 shares during the period. BB&T Securities LLC boosted its position in Baidu by 0.6% during the second quarter. BB&T Securities LLC now owns 40,891 shares of the information services provider’s stock worth $9,936,000 after purchasing an additional 239 shares during the period. Atria Investments LLC boosted its position in Baidu by 4.5% during the third quarter. Atria Investments LLC now owns 6,211 shares of the information services provider’s stock worth $1,420,000 after purchasing an additional 267 shares during the period. IFP Advisors Inc boosted its position in Baidu by 13.3% during the third quarter. IFP Advisors Inc now owns 2,421 shares of the information services provider’s stock worth $554,000 after purchasing an additional 285 shares during the period. Finally, Deltec Asset Management LLC boosted its position in Baidu by 19.4% during the second quarter. Deltec Asset Management LLC now owns 2,150 shares of the information services provider’s stock worth $522,000 after purchasing an additional 350 shares during the period. Institutional investors own 60.90% of the company’s stock.

BIDU stock opened at $194.69 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.19 and a quick ratio of 2.19. Baidu Inc has a 12 month low of $177.80 and a 12 month high of $284.22. The company has a market capitalization of $67.51 billion, a PE ratio of 24.16, a PEG ratio of 0.97 and a beta of 1.61.

A number of brokerages have weighed in on BIDU. Credit Suisse Group upgraded shares of Baidu from a “neutral” rating to an “outperform” rating and set a $307.00 target price for the company in a research report on Monday, July 9th. BidaskClub upgraded shares of Baidu from a “hold” rating to a “buy” rating in a research report on Thursday, July 12th. Zacks Investment Research lowered shares of Baidu from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. ValuEngine lowered shares of Baidu from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Finally, Nomura cut their price objective on shares of Baidu from $283.00 to $206.00 and set a “neutral” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. Baidu currently has a consensus rating of “Buy” and an average price target of $278.86.

Baidu Company 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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