Rational Advisors LLC acquired a new position in shares of Baidu Inc (NASDAQ:BIDU) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 6,571 shares of the information services provider’s stock, valued at approximately $1,539,000. Baidu makes up about 0.8% of Rational Advisors LLC’s investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Harding Loevner LP increased its holdings in Baidu by 7,512.3% in the 3rd quarter. Harding Loevner LP now owns 299,359,034 shares of the information services provider’s stock worth $597,992,000 after purchasing an additional 295,426,466 shares in the last quarter. Veritas Asset Management LLP increased its holdings in Baidu by 0.3% in the 3rd quarter. Veritas Asset Management LLP now owns 3,415,287 shares of the information services provider’s stock worth $845,932,000 after purchasing an additional 10,989 shares in the last quarter. Comgest Global Investors S.A.S. increased its holdings in Baidu by 9.5% in the 3rd 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 purchasing an additional 252,446 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Baidu by 2.8% in the 4th quarter. Fisher Asset Management LLC now owns 1,770,476 shares of the information services provider’s stock worth $414,663,000 after purchasing an additional 48,476 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Baidu by 3.2% in the 3rd 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 purchasing an additional 40,313 shares in the last quarter. 63.73% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on BIDU. Barclays set a $250.00 target price on Baidu and gave the stock a “hold” rating in a report on Thursday, October 19th. UBS Group raised Baidu from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Jefferies Group upped their target price on Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 20th. OTR Global raised Baidu to a “positive” rating in a report on Wednesday, October 25th. Finally, BidaskClub cut Baidu from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Baidu currently has a consensus rating of “Hold” and an average target price of $239.75.

Shares of Baidu Inc (BIDU) opened at $221.64 on Tuesday. The firm has a market capitalization of $74,785.73, a PE ratio of 29.16, a PEG ratio of 1.50 and a beta of 1.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71. Baidu Inc has a one year low of $166.00 and a one year high of $274.97.

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Baidu Profile

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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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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