First Trust Advisors LP Buys 81,474 Shares of Baidu Inc (NASDAQ:BIDU)

First Trust Advisors LP increased its stake in shares of Baidu Inc (NASDAQ:BIDU) by 11.7% during the third quarter, HoldingsChannel reports. The fund owned 776,221 shares of the information services provider’s stock after acquiring an additional 81,474 shares during the quarter. First Trust Advisors LP’s holdings in Baidu were worth $79,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BIDU. SG Americas Securities LLC increased its holdings in Baidu by 604.1% in the 2nd quarter. SG Americas Securities LLC now owns 1,576,463 shares of the information services provider’s stock valued at $185,014,000 after buying an additional 1,352,573 shares during the period. Tweedy Browne Co LLC increased its holdings in Baidu by 64.8% in the 2nd quarter. Tweedy Browne Co LLC now owns 2,367,889 shares of the information services provider’s stock valued at $277,895,000 after buying an additional 930,874 shares during the period. Prudential PLC increased its holdings in Baidu by 44.5% in the 2nd quarter. Prudential PLC now owns 2,216,196 shares of the information services provider’s stock valued at $259,933,000 after buying an additional 681,970 shares during the period. Nuveen Asset Management LLC increased its holdings in Baidu by 1,299.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 677,245 shares of the information services provider’s stock valued at $79,482,000 after buying an additional 628,859 shares during the period. Finally, Bank of Montreal Can increased its holdings in Baidu by 67.6% in the 2nd quarter. Bank of Montreal Can now owns 1,328,677 shares of the information services provider’s stock valued at $155,933,000 after buying an additional 535,992 shares during the period. 56.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:BIDU opened at $124.56 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.61 and a current ratio of 2.61. The company has a market capitalization of $37.75 billion, a PE ratio of 15.97, a P/E/G ratio of 16.14 and a beta of 1.72. The company’s fifty day moving average is $104.66 and its 200-day moving average is $115.54. Baidu Inc has a 52 week low of $93.39 and a 52 week high of $196.00.

Several equities research analysts have issued reports on the stock. CICC Research raised shares of Baidu from a “neutral” rating to an “outperform” rating in a report on Thursday. Barclays boosted their price target on shares of Baidu from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Zacks Investment Research lowered shares of Baidu from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. Morgan Stanley raised shares of Baidu from an “equal weight” rating to an “overweight” rating in a report on Thursday. Finally, ValuEngine raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $148.60.

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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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