Commerce Bank raised its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 8.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,807 shares of the information services provider’s stock after purchasing an additional 210 shares during the period. Commerce Bank’s holdings in Baidu were worth $696,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Baidu by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,346 shares of the information services provider’s stock worth $232,000 after purchasing an additional 6 shares during the last quarter. Cambridge Advisors Inc. boosted its holdings in Baidu by 0.6% in the second quarter. Cambridge Advisors Inc. now owns 1,583 shares of the information services provider’s stock worth $283,000 after purchasing an additional 10 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Baidu by 1.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,478 shares of the information services provider’s stock worth $264,000 after purchasing an additional 28 shares during the last quarter. HL Financial Services LLC boosted its stake in shares of Baidu by 0.8% during 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 during the last quarter. Finally, Mosaic Family Wealth LLC boosted its stake in shares of Baidu by 2.7% during 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 during the last quarter. 64.42% of the stock is owned by institutional investors and hedge funds.

Baidu, Inc. (NASDAQ BIDU) traded down $0.73 during trading on Tuesday, reaching $238.54. 2,078,900 shares of the company’s stock traded hands, compared to its average volume of 2,577,941. The stock has a market cap of $82,970.00, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.42 and a beta of 1.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71. Baidu, Inc. has a 12 month low of $160.79 and a 12 month high of $274.97.

Several research analysts have recently weighed in on the stock. Macquarie upgraded shares of Baidu from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $189.00 to $252.00 in a research note on Friday, July 28th. Oppenheimer Holdings, Inc. lifted their price target on shares of Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. reiterated a “buy” rating and set a $245.00 price target (up previously from $223.00) on shares of Baidu in a research note on Tuesday, August 1st. J P Morgan Chase & Co dropped their price target on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. Finally, Instinet upgraded shares of Baidu from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $241.00 in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. Baidu presently has a consensus rating of “Buy” and an average price target of $236.36.

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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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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