AGF Investments Inc. increased its stake in shares of Baidu Inc (NASDAQ:BIDU) by 46.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,000 shares of the information services provider’s stock after purchasing an additional 5,380 shares during the period. AGF Investments Inc.’s holdings in Baidu were worth $3,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rehmann Capital Advisory Group lifted its holdings in shares of Baidu by 10.6% during the third quarter. Rehmann Capital Advisory Group now owns 2,113 shares of the information services provider’s stock worth $523,000 after purchasing an additional 202 shares during the period. Advisors Capital Management LLC lifted its holdings in shares of Baidu by 2.3% during the third quarter. Advisors Capital Management LLC now owns 8,991 shares of the information services provider’s stock worth $2,227,000 after purchasing an additional 204 shares during the period. Commerce Bank lifted its holdings in shares of Baidu by 8.1% during the third quarter. Commerce Bank now owns 2,807 shares of the information services provider’s stock worth $696,000 after purchasing an additional 210 shares during the period. Hollencrest Capital Management lifted its holdings in shares of Baidu by 12.8% during the fourth quarter. Hollencrest Capital Management now owns 1,870 shares of the information services provider’s stock worth $438,000 after purchasing an additional 212 shares during the period. Finally, Whittier Trust Co. lifted its holdings in shares of Baidu by 88.5% during the fourth quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock worth $115,000 after purchasing an additional 230 shares during the period. 63.73% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have issued reports on the company. Wells Fargo & Co reiterated an “outperform” rating and issued a $300.00 price objective (up previously from $290.00) on shares of Baidu in a research report on Wednesday. Daiwa Capital Markets upgraded Baidu from a “hold” rating to an “outperform” rating in a research report on Wednesday. Morgan Stanley upgraded Baidu from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. BidaskClub upgraded Baidu from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, Oppenheimer increased their price objective on Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $245.01.

Baidu Inc (NASDAQ:BIDU) opened at $235.89 on Thursday. Baidu Inc has a 52-week low of $166.00 and a 52-week high of $274.97. The firm has a market capitalization of $81,910.00, a price-to-earnings ratio of 32.76, a PEG ratio of 1.57 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.

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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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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