Comgest Global Investors S.A.S. raised its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 9.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,912,380 shares of the information services provider’s stock after purchasing an additional 252,446 shares during the period. Baidu accounts for about 16.8% of Comgest Global Investors S.A.S.’s investment portfolio, making the stock its biggest holding. Comgest Global Investors S.A.S. owned approximately 0.84% of Baidu worth $721,367,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in Baidu by 3.2% during the third quarter. Bank of New York Mellon Corp now owns 1,304,167 shares of the information services provider’s stock valued at $323,028,000 after purchasing an additional 40,313 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Baidu by 48.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 51,553 shares of the information services provider’s stock valued at $26,264,000 after purchasing an additional 16,815 shares during the period. Sigma Planning Corp bought a new stake in Baidu during the third quarter valued at about $387,000. Wellington Shields Capital Management LLC bought a new stake in Baidu during the third quarter valued at about $208,000. Finally, Montag A & Associates Inc. bought a new stake in Baidu during the third quarter valued at about $4,920,000. 64.64% of the stock is owned by institutional investors and hedge funds.

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Baidu, Inc. (NASDAQ BIDU) traded down $0.82 on Wednesday, hitting $234.10. The stock had a trading volume of 1,927,637 shares, compared to its average volume of 2,582,860. The company has a market capitalization of $81,140.00, a PE ratio of 30.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.94. Baidu, Inc. has a 1 year low of $160.79 and a 1 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.

BIDU has been the subject of a number of recent analyst reports. Vetr lowered Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 price objective for the company. in a research note on Tuesday, September 19th. Barclays PLC set a $250.00 price objective on Baidu and gave the stock a “hold” rating in a research note on Thursday, October 19th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Baidu in a research note on Thursday, August 31st. Citigroup Inc. reaffirmed a “hold” rating and issued a $253.00 price objective on shares of Baidu in a research note on Thursday, September 14th. Finally, Macquarie reaffirmed a “top pick” rating on shares of Baidu in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $234.70.

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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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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