Baidu, Inc. (BIDU) is Maple Brown Abbott Ltd’s 2nd Largest Position
Maple Brown Abbott Ltd lifted its position in Baidu, Inc. (NASDAQ:BIDU) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 407,777 shares of the information services provider’s stock after acquiring an additional 41,498 shares during the period. Baidu accounts for approximately 10.0% of Maple Brown Abbott Ltd’s investment portfolio, making the stock its 2nd biggest holding. Maple Brown Abbott Ltd owned about 0.12% of Baidu worth $101,002,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Seatown Holdings Pte. Ltd. acquired a new position in shares of Baidu in the 3rd quarter valued at $22,132,000. BT Investment Management Ltd purchased a new stake in Baidu in the third quarter valued at $15,811,000. Andra AP fonden boosted its holdings in Baidu by 2.0% in the third quarter. Andra AP fonden now owns 113,600 shares of the information services provider’s stock valued at $28,138,000 after purchasing an additional 2,200 shares during the last quarter. SignalPoint Asset Management LLC purchased a new stake in Baidu in the third quarter valued at $1,641,000. Finally, DSAM Partners London Ltd boosted its holdings in Baidu by 836.7% in the third quarter. DSAM Partners London Ltd now owns 124,622 shares of the information services provider’s stock valued at $30,868,000 after purchasing an additional 111,317 shares during the last quarter. 64.38% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities research analysts have commented on the stock. Barclays PLC set a $250.00 price target on shares of Baidu and gave the company a “hold” rating in a report on Thursday, October 19th. UBS AG raised shares of Baidu from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Jefferies Group LLC upped their price target on shares of Baidu from $232.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 20th. OTR Global raised shares of Baidu to a “positive” rating in a report on Wednesday, October 25th. Finally, J P Morgan Chase & Co lowered their price target on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. Baidu has an average rating of “Buy” and a consensus target price of $234.70.
Baidu, Inc. (NASDAQ BIDU) traded up $1.00 during mid-day trading on Monday, reaching $242.54. 302,815 shares of the company’s stock were exchanged, compared to its average volume of 3,298,317. The firm has a market cap of $83,756.41, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 1.44 and a beta of 1.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71. Baidu, Inc. has a 12 month low of $159.54 and a 12 month high of $274.97.
Baidu Company 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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