Nepsis Capital Management Inc. raised its holdings in Baidu Inc (NASDAQ:BIDU) by 2.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,022 shares of the information services provider’s stock after acquiring an additional 1,071 shares during the period. Baidu accounts for 5.3% of Nepsis Capital Management Inc.’s portfolio, making the stock its largest position. Nepsis Capital Management Inc.’s holdings in Baidu were worth $10,545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Harding Loevner LP lifted its position in shares of Baidu by 7,512.3% in the 3rd quarter. Harding Loevner LP now owns 299,359,034 shares of the information services provider’s stock worth $597,992,000 after acquiring an additional 295,426,466 shares during the period. Capital World Investors lifted its position in shares of Baidu by 54.2% in the 2nd quarter. Capital World Investors now owns 9,726,375 shares of the information services provider’s stock worth $1,739,659,000 after acquiring an additional 3,419,291 shares during the period. Harris Associates L P lifted its position in shares of Baidu by 29.7% in 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. Veritas Asset Management LLP lifted its position in shares of Baidu by 0.3% in the 3rd quarter. Veritas Asset Management LLP now owns 3,415,287 shares of the information services provider’s stock worth $845,932,000 after acquiring an additional 10,989 shares during the period. Finally, Comgest Global Investors S.A.S. lifted its position in shares of Baidu by 9.5% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 2,912,380 shares of the information services provider’s stock worth $721,367,000 after acquiring an additional 252,446 shares during the period. 63.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Baidu Inc (BIDU) traded up $4.74 on Wednesday, reaching $257.78. The company’s stock had a trading volume of 4,102,700 shares, compared to its average volume of 2,487,400. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34. Baidu Inc has a 52-week low of $166.00 and a 52-week high of $274.97. The company has a market cap of $88,710.00, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 1.53 and a beta of 1.89.

A number of analysts have commented on the company. Oppenheimer raised their price objective on Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. reduced their price objective on Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Bank of America restated a “buy” rating and set a $301.00 target price on shares of Baidu in a research report on Sunday, November 19th. BidaskClub upgraded Baidu from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $200.00 target price (down previously from $275.00) on shares of Baidu in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Baidu currently has an average rating of “Buy” and an average target price of $234.77.

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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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