Baidu Inc (BIDU) Stake Boosted by Bach Investment Advisors Ltd

Bach Investment Advisors Ltd raised its stake in shares of Baidu Inc (NASDAQ:BIDU) by 649.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,205 shares of the information services provider’s stock after buying an additional 3,788 shares during the period. Baidu makes up 0.2% of Bach Investment Advisors Ltd’s portfolio, making the stock its 11th biggest position. Bach Investment Advisors Ltd’s holdings in Baidu were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Baidu during the 4th quarter valued at about $526,416,000. Federated Investors Inc. PA boosted its position in shares of Baidu by 280,999.1% during the 3rd quarter. Federated Investors Inc. PA now owns 1,250,891 shares of the information services provider’s stock valued at $286,054,000 after purchasing an additional 1,250,446 shares in the last quarter. Harris Associates L P boosted its position in shares of Baidu by 49.6% during the 4th quarter. Harris Associates L P now owns 3,155,245 shares of the information services provider’s stock valued at $500,422,000 after purchasing an additional 1,046,123 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Baidu by 7,598.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 916,194 shares of the information services provider’s stock valued at $209,516,000 after purchasing an additional 904,293 shares in the last quarter. Finally, Investec Asset Management LTD boosted its position in shares of Baidu by 23.4% during the 4th quarter. Investec Asset Management LTD now owns 2,551,426 shares of the information services provider’s stock valued at $404,656,000 after purchasing an additional 484,147 shares in the last quarter. 62.62% of the stock is currently owned by hedge funds and other institutional investors.

BIDU has been the subject of several research reports. Benchmark restated a “buy” rating and set a $245.00 price objective (down previously from $260.00) on shares of Baidu in a research report on Friday, February 22nd. Citigroup reduced their price objective on shares of Baidu from $262.00 to $205.00 and set a “buy” rating for the company in a research report on Tuesday, January 22nd. Daiwa Capital Markets set a $215.00 price objective on shares of Baidu and gave the company a “buy” rating in a research report on Friday, March 8th. Credit Suisse Group set a $221.00 price objective on shares of Baidu and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley lowered shares of Baidu from an “overweight” rating to an “equal weight” rating and set a $188.00 price objective for the company. in a research report on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $237.79.

Shares of BIDU traded up $0.80 during midday trading on Friday, hitting $167.04. The stock had a trading volume of 2,175,681 shares, compared to its average volume of 3,010,225. Baidu Inc has a fifty-two week low of $153.78 and a fifty-two week high of $284.22. The stock has a market cap of $58.35 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 5.03 and a beta of 1.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.73 and a quick ratio of 2.73.

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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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