Morningstar Investment Services LLC lifted its position in Baidu Inc (NASDAQ:BIDU) by 22.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 182,717 shares of the information services provider’s stock after buying an additional 33,288 shares during the period. Morningstar Investment Services LLC owned approximately 0.05% of Baidu worth $21,444,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Motco acquired a new stake in Baidu in the second quarter worth about $28,000. American Beacon Advisors Inc. raised its position in shares of Baidu by 71.2% in the 1st quarter. American Beacon Advisors Inc. now owns 202 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in Baidu in the 2nd quarter worth approximately $33,000. Lindbrook Capital LLC boosted its stake in Baidu by 290.5% in the 2nd quarter. Lindbrook Capital LLC now owns 328 shares of the information services provider’s stock worth $38,000 after purchasing an additional 244 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in Baidu by 392.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 502 shares of the information services provider’s stock worth $59,000 after purchasing an additional 400 shares in the last quarter. 57.34% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. HSBC upped their target price on Baidu from $137.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. began coverage on Baidu in a research note on Wednesday, July 10th. They issued an “overweight” rating for the company. BidaskClub downgraded Baidu from a “sell” rating to a “strong sell” rating in a report on Thursday, September 5th. Barclays set a $135.00 target price on Baidu and gave the company a “hold” rating in a research report on Wednesday, August 21st. Finally, Benchmark cut their price target on shares of Baidu to $165.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $151.06.

Shares of Baidu stock traded up $1.75 on Wednesday, reaching $112.15. The company’s stock had a trading volume of 500,131 shares, compared to its average volume of 4,602,540. The company has a market capitalization of $36.70 billion, a P/E ratio of 14.40, a PEG ratio of 13.77 and a beta of 1.73. Baidu Inc has a 52-week low of $93.39 and a 52-week high of $234.88. The stock has a 50-day moving average price of $104.47 and a 200-day moving average price of $134.05. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.32.

Baidu declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 16th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the information services provider to buy up to 1.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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