Baidu Inc (BIDU) Stake Lifted by Norinchukin Bank The

Norinchukin Bank The lifted its position in shares of Baidu Inc (NASDAQ:BIDU) by 119.4% during the 4th quarter, Holdings Channel reports. The firm owned 18,581 shares of the information services provider’s stock after purchasing an additional 10,112 shares during the quarter. Norinchukin Bank The’s holdings in Baidu were worth $4,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC acquired a new position in shares of Baidu during the 4th quarter worth about $109,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Baidu by 96.0% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock worth $121,000 after purchasing an additional 240 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Baidu by 88.5% during the 4th 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 last quarter. Calton & Associates Inc. acquired a new position in shares of Baidu during the 4th quarter worth about $182,000. Finally, Invictus RG acquired a new position in shares of Baidu during the 3rd quarter worth about $193,000. Institutional investors own 63.45% of the company’s stock.

Shares of Baidu Inc (NASDAQ:BIDU) opened at $244.72 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 1.84 and a debt-to-equity ratio of 0.30. The stock has a market cap of $84,970.00, a PE ratio of 29.66, a price-to-earnings-growth ratio of 1.80 and a beta of 1.86. Baidu Inc has a twelve month low of $166.00 and a twelve month high of $274.97.

Several research analysts have recently weighed in on the stock. 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. Barclays boosted their price objective on shares of Baidu from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Jefferies Group lowered shares of Baidu from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, BidaskClub lowered shares of Baidu from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given 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 price target of $246.76.

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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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