Advisory Services Network LLC Buys 1,351 Shares of Baidu Inc (NASDAQ:BIDU)

Advisory Services Network LLC increased its holdings in Baidu Inc (NASDAQ:BIDU) by 99.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,707 shares of the information services provider’s stock after acquiring an additional 1,351 shares during the period. Advisory Services Network LLC’s holdings in Baidu were worth $429,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Salem Investment Counselors Inc. lifted its position in shares of Baidu by 14.5% during the 4th quarter. Salem Investment Counselors Inc. now owns 19,654 shares of the information services provider’s stock worth $3,117,000 after buying an additional 2,486 shares during the period. Pinkerton Retirement Specialists LLC lifted its position in shares of Baidu by 9.2% during the 4th quarter. Pinkerton Retirement Specialists LLC now owns 9,238 shares of the information services provider’s stock worth $1,465,000 after buying an additional 779 shares during the period. River & Mercantile Asset Management LLP lifted its position in shares of Baidu by 19.8% during the 4th quarter. River & Mercantile Asset Management LLP now owns 765,022 shares of the information services provider’s stock worth $121,566,000 after buying an additional 126,255 shares during the period. Cetera Advisor Networks LLC increased its holdings in Baidu by 2.5% during the 4th quarter. Cetera Advisor Networks LLC now owns 2,654 shares of the information services provider’s stock valued at $424,000 after purchasing an additional 65 shares in the last quarter. Finally, First Allied Advisory Services Inc. increased its holdings in Baidu by 6.9% during the 4th quarter. First Allied Advisory Services Inc. now owns 6,506 shares of the information services provider’s stock valued at $1,034,000 after purchasing an additional 421 shares in the last quarter. 62.58% of the stock is owned by hedge funds and other institutional investors.

NASDAQ BIDU traded down $3.99 during trading on Wednesday, reaching $169.30. 2,970,945 shares of the company’s stock were exchanged, compared to its average volume of 3,047,309. Baidu Inc has a fifty-two week low of $153.78 and a fifty-two week high of $284.22. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.31. The company has a market cap of $59.57 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 3.90 and a beta of 1.47.

BIDU has been the subject of a number of recent analyst reports. Citigroup dropped their price target on Baidu from $262.00 to $205.00 and set a “buy” rating for the company in a report on Tuesday, January 22nd. Zacks Investment Research cut Baidu from a “hold” rating to a “strong sell” rating in a research note on Wednesday. KeyCorp set a $236.00 target price on Baidu and gave the company a “positive” rating in a research note on Wednesday, January 23rd. BidaskClub raised Baidu from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 4th. Finally, Morgan Stanley cut Baidu from an “overweight” rating to an “equal weight” rating and set a $188.00 price objective for the company. in a research note on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $245.56.

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Baidu 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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