Calton & Associates Inc. acquired a new position in Baidu Inc (NASDAQ:BIDU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 709 shares of the information services provider’s stock, valued at approximately $182,000.

Several other institutional investors have also recently modified their holdings of the company. Harding Loevner LP lifted its stake in shares of Baidu by 7,512.3% in the third quarter. Harding Loevner LP now owns 299,359,034 shares of the information services provider’s stock worth $597,992,000 after buying an additional 295,426,466 shares during the last quarter. Veritas Asset Management LLP lifted its stake in shares of Baidu by 0.3% in the third quarter. Veritas Asset Management LLP now owns 3,415,287 shares of the information services provider’s stock worth $845,932,000 after buying an additional 10,989 shares during the last quarter. Comgest Global Investors S.A.S. lifted its stake in shares of Baidu by 9.5% in the third quarter. Comgest Global Investors S.A.S. now owns 2,912,380 shares of the information services provider’s stock worth $721,367,000 after buying an additional 252,446 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Baidu by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 1,770,476 shares of the information services provider’s stock worth $414,663,000 after buying an additional 48,476 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Baidu by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 1,304,167 shares of the information services provider’s stock worth $323,028,000 after buying an additional 40,313 shares during the last quarter. Institutional investors and hedge funds own 63.94% of the company’s stock.

Shares of Baidu Inc (NASDAQ:BIDU) opened at $215.67 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. Baidu Inc has a fifty-two week low of $166.00 and a fifty-two week high of $274.97. The firm has a market cap of $74,890.00, a PE ratio of 29.75, a PEG ratio of 1.50 and a beta of 1.86.

Several equities analysts recently commented on BIDU shares. Barclays set a $250.00 target price on shares of Baidu and gave the company a “hold” rating in a research note on Thursday, October 19th. Jefferies Group upped their target price on shares of Baidu from $232.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 20th. UBS Group upgraded shares of Baidu from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. OTR Global upgraded shares of Baidu to a “positive” rating in a research note on Wednesday, October 25th. Finally, Vetr upgraded shares of Baidu from a “buy” rating to a “strong-buy” rating and set a $277.19 target price for the company in a research note on Monday, October 30th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $239.75.

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About Baidu

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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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