BKS Advisors LLC acquired a new position in shares of Baidu Inc (NASDAQ:BIDU) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 993 shares of the information services provider’s stock, valued at approximately $246,000.
A number of other large investors also recently bought and sold shares of BIDU. Grove Bank & Trust raised its position in Baidu by 74.2% during the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock worth $106,000 after acquiring an additional 253 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of Baidu in the second quarter valued at about $112,000. Harbour Capital Advisors LLC raised its position in shares of Baidu by 17,786.3% in the second quarter. Harbour Capital Advisors LLC now owns 20,927 shares of the information services provider’s stock valued at $117,000 after buying an additional 20,810 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position 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 valued at $121,000 after buying an additional 240 shares during the last quarter. Finally, Aviance Capital Management LLC acquired a new stake in shares of Baidu in the second quarter valued at about $124,000. Institutional investors own 64.42% of the company’s stock.
Shares of Baidu Inc (NASDAQ BIDU) opened at $249.42 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71. Baidu Inc has a 1-year low of $160.79 and a 1-year high of $274.97. The stock has a market cap of $86,488.88, a PE ratio of 31.57, a P/E/G ratio of 1.48 and a beta of 1.94.
A number of brokerages have recently commented on BIDU. Oppenheimer Holdings, Inc. increased their target price on shares of Baidu from $250.00 to $295.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. reiterated a “buy” rating and issued a $245.00 target price (up from $223.00) on shares of Baidu in a research report on Tuesday, August 1st. J P Morgan Chase & Co reduced their target price on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Instinet upgraded shares of Baidu from a “neutral” rating to a “buy” rating and increased their target price for the company from $180.00 to $241.00 in a research report on Monday, July 31st. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $301.00 target price on shares of Baidu in a research report on Sunday, November 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. Baidu has an average rating of “Buy” and an average target price of $236.36.
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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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