Creative Planning raised its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 29.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,873 shares of the information services provider’s stock after purchasing an additional 7,605 shares during the period. Creative Planning’s holdings in Baidu were worth $7,933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BIDU. Harding Loevner LP raised its position in Baidu by 7,512.3% during the 3rd quarter. Harding Loevner LP now owns 299,359,034 shares of the information services provider’s stock valued at $597,992,000 after purchasing an additional 295,426,466 shares during the last quarter. Capital World Investors raised its position in Baidu by 54.2% during the 2nd quarter. Capital World Investors now owns 9,726,375 shares of the information services provider’s stock valued at $1,739,659,000 after purchasing an additional 3,419,291 shares during the last quarter. Harris Associates L P grew its holdings in shares of Baidu by 29.7% during the 2nd quarter. Harris Associates L P now owns 9,015,196 shares of the information services provider’s stock worth $1,612,458,000 after acquiring an additional 2,066,614 shares during the period. Investec Asset Management LTD grew its holdings in shares of Baidu by 3,282.3% during the 3rd quarter. Investec Asset Management LTD now owns 1,202,148 shares of the information services provider’s stock worth $297,760,000 after acquiring an additional 1,166,606 shares during the period. Finally, USS Investment Management Ltd grew its holdings in shares of Baidu by 156.8% during the 3rd quarter. USS Investment Management Ltd now owns 562,600 shares of the information services provider’s stock worth $139,350,000 after acquiring an additional 343,500 shares during the period. 63.94% of the stock is owned by institutional investors and hedge funds.

Shares of Baidu Inc (NASDAQ:BIDU) opened at $254.96 on Friday. 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 firm has a market capitalization of $88,593.72, a P/E ratio of 33.55, a P/E/G ratio of 1.54 and a beta of 1.90. Baidu Inc has a 52 week low of $166.00 and a 52 week high of $274.97.

A number of research analysts have weighed in on the company. Vetr upgraded Baidu from a “buy” rating to a “strong-buy” rating and set a $265.83 target price on the stock in a report on Tuesday, September 26th. Wells Fargo & Co assumed coverage on Baidu in a report on Tuesday, September 26th. They set an “outperform” rating and a $290.00 target price on the stock. Oppenheimer upped their target price on Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. BidaskClub upgraded Baidu from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Zacks Investment Research upgraded Baidu from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $237.26.

ILLEGAL ACTIVITY NOTICE: This article was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.watchlistnews.com/baidu-inc-bidu-holdings-lifted-by-creative-planning/1813301.html.

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.

Want to see what other hedge funds are holding BIDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baidu Inc (NASDAQ:BIDU).

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.