Baidu Inc (BIDU) Shares Sold by Wall Street Access Asset Management LLC

Wall Street Access Asset Management LLC lessened its holdings in Baidu Inc (NASDAQ:BIDU) by 12.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,575 shares of the information services provider’s stock after selling 785 shares during the period. Baidu accounts for approximately 2.9% of Wall Street Access Asset Management LLC’s holdings, making the stock its 5th biggest position. Wall Street Access Asset Management LLC’s holdings in Baidu were worth $1,380,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sheaff Brock Investment Advisors LLC grew its position in shares of Baidu by 1.9% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 1,809 shares of the information services provider’s stock valued at $324,000 after purchasing an additional 33 shares in the last quarter. Mosaic Family Wealth LLC grew its position in shares of Baidu by 2.7% during the second quarter. Mosaic Family Wealth LLC now owns 1,237 shares of the information services provider’s stock valued at $221,000 after purchasing an additional 33 shares in the last quarter. Norinchukin Bank The grew its position in shares of Baidu by 0.7% during the second quarter. Norinchukin Bank The now owns 8,496 shares of the information services provider’s stock valued at $1,520,000 after purchasing an additional 58 shares in the last quarter. San Francisco Sentry Investment Group CA grew its position in shares of Baidu by 5.4% during the second quarter. San Francisco Sentry Investment Group CA now owns 1,365 shares of the information services provider’s stock valued at $244,000 after purchasing an additional 70 shares in the last quarter. Finally, MAI Capital Management grew its position in shares of Baidu by 0.4% during the second quarter. MAI Capital Management now owns 16,716 shares of the information services provider’s stock valued at $2,990,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

Shares of Baidu Inc (BIDU) opened at $233.54 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market cap of $81,346.43, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.39 and a beta of 1.89. Baidu Inc has a 12 month low of $162.02 and a 12 month high of $274.97.

A number of research analysts recently commented on BIDU shares. Vetr raised shares of Baidu from a “buy” rating to a “strong-buy” rating and set a $265.83 price target for the company in a report on Tuesday, September 26th. Wells Fargo & Company started coverage on shares of Baidu in a report on Tuesday, September 26th. They issued an “outperform” rating and a $290.00 price target for the company. Oppenheimer increased their price target on shares of Baidu from $250.00 to $295.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. Bank of America reaffirmed a “buy” rating and issued a $263.00 price target on shares of Baidu in a report on Monday, September 18th. Finally, Citigroup reaffirmed a “hold” rating and issued a $253.00 price target on shares of Baidu in a report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. Baidu presently has an average rating of “Buy” and an average target price of $236.36.

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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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