Chicago Partners Investment Group LLC cut its position in shares of Baidu Inc (NASDAQ:BIDU) by 50.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 500 shares of the information services provider’s stock after selling 500 shares during the period. Chicago Partners Investment Group LLC’s holdings in Baidu were worth $124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harding Loevner LP increased its position in shares of Baidu by 7,512.3% during the third 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 period. Capital World Investors increased its position in shares of Baidu by 54.2% during the second 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 period. Harris Associates L P increased its position in shares of Baidu by 29.7% during the second quarter. Harris Associates L P now owns 9,015,196 shares of the information services provider’s stock valued at $1,612,458,000 after purchasing an additional 2,066,614 shares during the period. Artisan Partners Limited Partnership increased its position in shares of Baidu by 4.4% during the second quarter. Artisan Partners Limited Partnership now owns 7,975,135 shares of the information services provider’s stock valued at $1,426,433,000 after purchasing an additional 335,168 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Baidu by 7.4% in the 2nd quarter. Franklin Resources Inc. now owns 7,219,564 shares of the information services provider’s stock valued at $1,291,291,000 after buying an additional 498,060 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

Baidu Inc (BIDU) opened at $233.48 on Monday. 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 $80,961.52, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 1.38 and a beta of 1.89. Baidu Inc has a one year low of $162.02 and a one year high of $274.97.

Several analysts recently commented on BIDU shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of Baidu in a research note on Thursday, August 31st. Jefferies Group boosted their price target on Baidu from $232.00 to $305.00 and gave the company 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. Bank of America reaffirmed a “buy” rating and issued a $301.00 price target on shares of Baidu in a research note on Sunday, November 19th. Finally, Macquarie reaffirmed a “top pick” rating on shares of Baidu in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $238.19.

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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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