Blair William & Co. IL Has $14.61 Million Position in Baidu Inc (BIDU)

Blair William & Co. IL reduced its position in shares of Baidu Inc (NASDAQ:BIDU) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,885 shares of the information services provider’s stock after selling 3,246 shares during the period. Blair William & Co. IL’s holdings in Baidu were worth $14,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. grew its position in Baidu by 11.6% during the third quarter. BlackRock Inc. now owns 15,768,108 shares of the information services provider’s stock worth $3,605,851,000 after buying an additional 1,642,559 shares during the period. Massachusetts Financial Services Co. MA grew its position in Baidu by 13.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,300,964 shares of the information services provider’s stock worth $754,863,000 after buying an additional 383,983 shares during the period. Comgest Global Investors S.A.S. grew its position in Baidu by 9.3% during the third quarter. Comgest Global Investors S.A.S. now owns 2,754,880 shares of the information services provider’s stock worth $629,986,000 after buying an additional 235,000 shares during the period. OppenheimerFunds Inc. grew its position in Baidu by 3.3% during the second quarter. OppenheimerFunds Inc. now owns 2,654,224 shares of the information services provider’s stock worth $644,976,000 after buying an additional 85,932 shares during the period. Finally, Bank of America Corp DE grew its position in Baidu by 14.4% during the second quarter. Bank of America Corp DE now owns 1,560,081 shares of the information services provider’s stock worth $379,099,000 after buying an additional 196,031 shares during the period. 62.54% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on BIDU shares. Credit Suisse Group set a $313.00 target price on shares of Baidu and gave the stock a “buy” rating in a research report on Monday, October 1st. UBS Group set a $280.00 price target on shares of Baidu and gave the company a “buy” rating in a research report on Tuesday, October 9th. Deutsche Bank set a $369.00 price target on shares of Baidu and gave the company a “buy” rating in a research report on Monday, October 29th. Benchmark lowered their price target on shares of Baidu from $300.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Finally, ValuEngine upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $277.15.

BIDU stock opened at $183.22 on Friday. The company has a market capitalization of $65.34 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 0.96 and a beta of 1.61. Baidu Inc has a 12 month low of $175.32 and a 12 month high of $284.22. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.24.

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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 mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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