Baidu Inc (NASDAQ:BIDU) Shares Sold by Portland Hill Asset Management Ltd

Portland Hill Asset Management Ltd trimmed its position in shares of Baidu Inc (NASDAQ:BIDU) by 18.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,539 shares of the information services provider’s stock after selling 2,968 shares during the period. Baidu makes up 1.6% of Portland Hill Asset Management Ltd’s portfolio, making the stock its 14th biggest position. Portland Hill Asset Management Ltd’s holdings in Baidu were worth $2,226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Polen Capital Management LLC grew its holdings in Baidu by 19.3% during the 4th quarter. Polen Capital Management LLC now owns 38,666 shares of the information services provider’s stock worth $6,132,000 after acquiring an additional 6,267 shares in the last quarter. Pzena Investment Management LLC grew its holdings in Baidu by 9.8% during the 4th quarter. Pzena Investment Management LLC now owns 429,238 shares of the information services provider’s stock worth $68,078,000 after acquiring an additional 38,419 shares in the last quarter. Bellecapital International Ltd. boosted its holdings in shares of Baidu by 5.9% in the 4th quarter. Bellecapital International Ltd. now owns 22,581 shares of the information services provider’s stock valued at $3,581,000 after buying an additional 1,259 shares during the period. Sigma Planning Corp boosted its holdings in shares of Baidu by 6.2% in the 4th quarter. Sigma Planning Corp now owns 2,207 shares of the information services provider’s stock valued at $350,000 after buying an additional 128 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Baidu by 2.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 981,953 shares of the information services provider’s stock valued at $224,553,000 after buying an additional 21,907 shares during the period. 62.62% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on BIDU shares. Daiwa Capital Markets set a $215.00 price target on shares of Baidu and gave the company a “buy” rating in a report on Friday, March 8th. Zacks Investment Research upgraded shares of Baidu from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Morgan Stanley downgraded shares of Baidu from an “overweight” rating to an “equal weight” rating and set a $188.00 price objective on the stock. in a research report on Tuesday, January 8th. KeyCorp set a $236.00 price objective on shares of Baidu and gave the company a “positive” rating in a research report on Wednesday, January 23rd. Finally, BidaskClub upgraded shares of Baidu from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $237.79.

Shares of BIDU opened at $167.04 on Friday. Baidu Inc has a 52 week low of $153.78 and a 52 week high of $284.22. The company has a market cap of $58.35 billion, a P/E ratio of 21.42, a P/E/G ratio of 5.03 and a beta of 1.45. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.31.

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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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