Ameriprise Financial Inc. lifted its stake in Baidu Inc (NASDAQ:BIDU) by 40.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 421,191 shares of the information services provider’s stock after purchasing an additional 121,035 shares during the quarter. Ameriprise Financial Inc. owned 0.12% of Baidu worth $104,319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in shares of Baidu by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,346 shares of the information services provider’s stock valued at $232,000 after purchasing an additional 6 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Baidu by 1.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,478 shares of the information services provider’s stock worth $264,000 after acquiring an additional 28 shares in the last quarter. HL Financial Services LLC lifted its stake in Baidu by 0.8% in the 2nd quarter. HL Financial Services LLC now owns 3,726 shares of the information services provider’s stock worth $666,000 after acquiring an additional 31 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in Baidu by 1.9% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 1,809 shares of the information services provider’s stock worth $324,000 after acquiring an additional 33 shares in the last quarter. Finally, Mosaic Family Wealth LLC lifted its stake in Baidu by 2.7% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,237 shares of the information services provider’s stock worth $221,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 64.42% of the company’s stock.

Shares of Baidu Inc (NASDAQ BIDU) opened at $249.42 on Monday. Baidu Inc has a one year low of $160.79 and a one year high of $274.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market capitalization of $86,488.88, a PE ratio of 31.57, a PEG ratio of 1.48 and a beta of 1.94.

BIDU has been the subject of several research analyst reports. Credit Suisse Group reissued an “outperform” rating on shares of Baidu in a research note on Thursday, August 31st. Jefferies Group LLC increased their price objective on Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Erste Group raised Baidu from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Macquarie reissued a “top pick” rating on shares of Baidu in a research note on Monday, August 28th. Finally, OTR Global raised Baidu to a “positive” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $236.36.

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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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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