DnB Asset Management AS Acquires 55,267 Shares of Baidu Inc (BIDU)

DnB Asset Management AS lifted its holdings in Baidu Inc (NASDAQ:BIDU) by 18.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,522 shares of the information services provider’s stock after purchasing an additional 55,267 shares during the period. Baidu comprises 1.0% of DnB Asset Management AS’s holdings, making the stock its 25th biggest holding. DnB Asset Management AS’s holdings in Baidu were worth $84,438,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. increased 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 worth $121,000 after acquiring an additional 240 shares in the last quarter. Aviance Capital Management LLC purchased a new position in shares of Baidu in the second quarter worth approximately $124,000. Invictus RG purchased a new position in shares of Baidu in the third quarter worth approximately $193,000. Wellington Shields Capital Management LLC purchased a new position in shares of Baidu in the third quarter worth approximately $208,000. Finally, Wellington Shields & Co. LLC purchased a new position in shares of Baidu in the third quarter worth approximately $211,000. 63.95% of the stock is currently owned by institutional investors.

Several analysts recently commented on BIDU shares. Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 price target for the company. in a report on Wednesday, September 13th. Zacks Investment Research upgraded shares of Baidu from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a report on Wednesday, September 27th. restated a “buy” rating and set a $282.00 price target (up from $245.00) on shares of Baidu in a report on Wednesday, September 27th. Bank of America restated a “buy” rating and set a $263.00 price target on shares of Baidu in a report on Monday, September 18th. Finally, UBS Group upgraded shares of Baidu from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Baidu has a consensus rating of “Buy” and a consensus target price of $234.10.

Shares of Baidu Inc (NASDAQ:BIDU) opened at $251.04 on Wednesday. The firm has a market cap of $88,450.00, a PE ratio of 35.91, a PEG ratio of 1.48 and a beta of 1.89. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. Baidu Inc has a fifty-two week low of $166.00 and a fifty-two week high of $274.97.

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About Baidu

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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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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