Pinkerton Retirement Specialists LLC increased its position in shares of Baidu Inc (NASDAQ:BIDU) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,238 shares of the information services provider’s stock after acquiring an additional 779 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Baidu were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Polen Capital Management LLC lifted its stake in Baidu by 19.3% in the 4th quarter. Polen Capital Management LLC now owns 38,666 shares of the information services provider’s stock valued at $6,132,000 after purchasing an additional 6,267 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of Baidu by 9.8% during the fourth quarter. Pzena Investment Management LLC now owns 429,238 shares of the information services provider’s stock valued at $68,078,000 after acquiring an additional 38,419 shares during the last quarter. Bellecapital International Ltd. raised its stake in shares of Baidu by 5.9% during the fourth quarter. Bellecapital International Ltd. now owns 22,581 shares of the information services provider’s stock valued at $3,581,000 after acquiring an additional 1,259 shares during the last quarter. Sigma Planning Corp raised its stake in shares of Baidu by 6.2% during the fourth quarter. Sigma Planning Corp now owns 2,207 shares of the information services provider’s stock valued at $350,000 after acquiring an additional 128 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Baidu by 2.3% during the third quarter. Neuberger Berman Group LLC now owns 981,953 shares of the information services provider’s stock valued at $224,553,000 after acquiring an additional 21,907 shares during the last quarter. Institutional investors and hedge funds own 62.97% of the company’s stock.
NASDAQ BIDU traded down $0.49 during mid-day trading on Monday, reaching $166.24. 34,657 shares of the stock were exchanged, compared to its average volume of 3,174,191. Baidu Inc has a one year low of $153.78 and a one year high of $284.22. The company has a market capitalization of $57.07 billion, a PE ratio of 21.29, a P/E/G ratio of 1.85 and a beta of 1.47. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.31.
BIDU has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Baidu from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. HSBC initiated coverage on shares of Baidu in a research note on Wednesday, December 12th. They set a “buy” rating and a $213.00 price target for the company. Credit Suisse Group set a $246.00 price target on shares of Baidu and gave the company a “buy” rating in a research note on Sunday, December 23rd. TheStreet downgraded shares of Baidu from a “b-” rating to a “c+” rating in a research note on Friday, December 21st. Finally, Morgan Stanley downgraded shares of Baidu from an “overweight” rating to an “equal weight” rating and set a $188.00 price target for the company. in a research note on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $248.94.
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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; 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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