Sheaff Brock Investment Advisors LLC boosted its stake in shares of Baidu Inc (NASDAQ:BIDU) by 25.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,206 shares of the information services provider’s stock after purchasing an additional 450 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Baidu were worth $517,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC acquired a new position in shares of Baidu in the 4th quarter valued at $109,000. Whittier Trust Co. lifted its stake in shares of Baidu by 88.5% in the 4th quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock valued at $115,000 after purchasing an additional 230 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Baidu by 96.0% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock valued at $121,000 after purchasing an additional 240 shares during the last quarter. Calton & Associates Inc. acquired a new position in shares of Baidu in the 4th quarter valued at $182,000. Finally, Invictus RG acquired a new position in shares of Baidu in the 3rd quarter valued at $193,000. 63.45% of the stock is currently owned by institutional investors.
Shares of Baidu Inc (NASDAQ:BIDU) opened at $250.74 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.71 and a debt-to-equity ratio of 0.30. Baidu Inc has a 1-year low of $166.00 and a 1-year high of $274.97. The firm has a market capitalization of $87,550.00, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.81 and a beta of 1.86.
BIDU has been the topic of several recent analyst reports. Bank of America reaffirmed a “buy” rating and issued a $301.00 price target on shares of Baidu in a research note on Sunday, November 19th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $200.00 price target (down previously from $275.00) on shares of Baidu in a research note on Monday, January 8th. JPMorgan Chase & Co. cut their price objective on Baidu from $230.00 to $225.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. Zacks Investment Research downgraded Baidu from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Barclays set a $240.00 price objective on Baidu and gave the company a “hold” rating in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $250.01.
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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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