First Long Island Investors LLC grew its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,749 shares of the information services provider’s stock after acquiring an additional 2,325 shares during the quarter. Baidu comprises 1.8% of First Long Island Investors LLC’s investment portfolio, making the stock its 25th largest position. First Long Island Investors LLC’s holdings in Baidu were worth $13,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Whittier Trust Co. raised its holdings 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 valued at $115,000 after buying an additional 230 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings 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 valued at $121,000 after buying an additional 240 shares in the last quarter. Calton & Associates Inc. purchased a new position in shares of Baidu during the 4th quarter valued at about $182,000. Invictus RG purchased a new position in shares of Baidu during the 3rd quarter valued at about $193,000. Finally, First Manhattan Co. raised its holdings in shares of Baidu by 135.6% during the 4th quarter. First Manhattan Co. now owns 886 shares of the information services provider’s stock valued at $207,000 after buying an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 63.94% of the company’s stock.

Baidu Inc (NASDAQ:BIDU) opened at $215.67 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 company has a market capitalization of $74,785.73, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 1.50 and a beta of 1.86. Baidu Inc has a 12 month low of $166.00 and a 12 month high of $274.97.

A number of equities analysts recently weighed in on BIDU shares. Barclays set a $250.00 price objective on Baidu and gave the company a “hold” rating in a report on Thursday, October 19th. Zacks Investment Research cut Baidu from a “buy” rating to a “hold” rating in a report on Monday, December 18th. BidaskClub cut Baidu from a “hold” rating to a “sell” rating in a report on Saturday, December 30th. Jefferies Group raised their price objective on Baidu from $232.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, OTR Global raised Baidu to a “positive” rating in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Baidu has a consensus rating of “Hold” and an average price target of $239.75.

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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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