Baidu Inc (BIDU) Stake Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings in Baidu Inc (NASDAQ:BIDU) by 78.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,482 shares of the information services provider’s stock after purchasing an additional 15,573 shares during the period. Daiwa Securities Group Inc.’s holdings in Baidu were worth $8,114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Baidu by 2.1% in the second quarter. BlackRock Inc. now owns 14,125,549 shares of the information services provider’s stock worth $3,432,507,000 after buying an additional 284,768 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Baidu by 13.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,300,964 shares of the information services provider’s stock worth $754,863,000 after buying an additional 383,983 shares during the period. OppenheimerFunds Inc. raised its holdings in shares of Baidu by 3.3% in the second quarter. OppenheimerFunds Inc. now owns 2,654,224 shares of the information services provider’s stock worth $644,976,000 after buying an additional 85,932 shares during the period. Bank of America Corp DE raised its holdings in shares of Baidu by 14.4% in the second quarter. Bank of America Corp DE now owns 1,560,081 shares of the information services provider’s stock worth $379,099,000 after buying an additional 196,031 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Baidu by 3.9% in the second quarter. Legal & General Group Plc now owns 1,361,263 shares of the information services provider’s stock worth $330,787,000 after buying an additional 51,048 shares during the period. Hedge funds and other institutional investors own 60.90% of the company’s stock.

Several equities research analysts have recently weighed in on the company. BidaskClub upgraded Baidu from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. ValuEngine downgraded Baidu from a “hold” rating to a “sell” rating in a report on Tuesday. Barclays set a $250.00 price target on Baidu and gave the stock a “hold” rating in a report on Thursday, October 18th. Zacks Investment Research upgraded Baidu from a “sell” rating to a “hold” rating in a report on Monday, July 23rd. Finally, Susquehanna Bancshares assumed coverage on Baidu in a report on Friday, September 7th. They set a “positive” rating and a $325.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $278.86.

BIDU opened at $190.59 on Tuesday. The firm has a market cap of $67.51 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 0.97 and a beta of 1.61. Baidu Inc has a 52 week low of $177.80 and a 52 week high of $284.22. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.25.

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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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