International Value Advisers LLC lessened its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 405,470 shares of the information services provider’s stock after selling 2,384 shares during the period. Baidu accounts for 2.7% of International Value Advisers LLC’s portfolio, making the stock its 12th largest position. International Value Advisers LLC owned 0.12% of Baidu worth $94,965,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trustcore Financial Services LLC acquired a new stake in Baidu during the 4th quarter worth $109,000. Whittier Trust Co. grew its holdings in Baidu by 88.5% during the 4th quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock worth $115,000 after acquiring an additional 230 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Baidu by 96.0% during the 3rd 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 during the period. Virtue Capital Management LLC acquired a new stake in Baidu during the 4th quarter worth $155,000. Finally, Calton & Associates Inc. acquired a new stake in Baidu during the 4th quarter worth $182,000. 63.22% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on BIDU shares. Bank of America reissued a “buy” rating and set a $301.00 price target on shares of Baidu in a research report on Sunday, November 19th. Morgan Stanley raised shares of Baidu from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $225.60 to $280.00 in a research report on Wednesday, February 14th. Wells Fargo & Co reissued an “outperform” rating and set a $200.00 price target (down from $275.00) on shares of Baidu in a research report on Monday, January 8th. Zacks Investment Research cut shares of Baidu from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Nomura cut shares of Baidu from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $250.01.
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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