Cwm LLC grew its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 31,980 shares of the information services provider’s stock after acquiring an additional 945 shares during the quarter. Cwm LLC’s holdings in Baidu were worth $7,490,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BIDU. Harding Loevner LP increased its stake in shares of Baidu by 7,512.3% in the third quarter. Harding Loevner LP now owns 299,359,034 shares of the information services provider’s stock worth $597,992,000 after buying an additional 295,426,466 shares during the period. Capital World Investors increased its stake in shares of Baidu by 54.2% in the second quarter. Capital World Investors now owns 9,726,375 shares of the information services provider’s stock worth $1,739,659,000 after buying an additional 3,419,291 shares during the period. Harris Associates L P increased its stake in shares of Baidu by 29.7% in the second quarter. Harris Associates L P now owns 9,015,196 shares of the information services provider’s stock worth $1,612,458,000 after buying an additional 2,066,614 shares during the period. Veritas Asset Management LLP increased its stake in shares of Baidu by 0.3% in the third quarter. Veritas Asset Management LLP now owns 3,415,287 shares of the information services provider’s stock worth $845,932,000 after buying an additional 10,989 shares during the period. Finally, Comgest Global Investors S.A.S. increased its stake in shares of Baidu by 9.5% in the third quarter. Comgest Global Investors S.A.S. now owns 2,912,380 shares of the information services provider’s stock worth $721,367,000 after buying an additional 252,446 shares during the period. 63.94% of the stock is currently owned by hedge funds and other institutional investors.

BIDU has been the topic of several analyst reports. Zacks Investment Research raised shares of Baidu from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a research note on Wednesday, September 27th. reaffirmed a “buy” rating and issued a $282.00 target price (up from $245.00) on shares of Baidu in a research note on Wednesday, September 27th. Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 price target on the stock. in a report on Tuesday, September 19th. UBS Group upgraded shares of Baidu from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Finally, Jefferies Group lifted their price target on shares of Baidu from $232.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $234.77.

Shares of Baidu Inc (NASDAQ BIDU) opened at $257.78 on Wednesday. Baidu Inc has a fifty-two week low of $166.00 and a fifty-two week high of $274.97. The company has a market cap of $87,744.15, a price-to-earnings ratio of 33.92, a PEG ratio of 1.53 and a beta of 1.90. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34.

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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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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