Freestone Capital Holdings LLC grew its position in Baidu Inc (NASDAQ:BIDU) by 167.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,753 shares of the information services provider’s stock after purchasing an additional 4,224 shares during the period. Freestone Capital Holdings LLC’s holdings in Baidu were worth $1,114,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in Baidu during the fourth quarter worth about $26,000. First Personal Financial Services grew its holdings in Baidu by 70.7% during the fourth quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock worth $27,000 after acquiring an additional 70 shares during the period. Rational Advisors LLC grew its holdings in Baidu by 1,400.0% during the fourth quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock worth $33,000 after acquiring an additional 196 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in Baidu during the fourth quarter worth about $33,000. Finally, Oakworth Capital Inc. acquired a new stake in Baidu during the fourth quarter worth about $39,000. 59.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of BIDU opened at $114.47 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.31. Baidu Inc has a 12 month low of $113.30 and a 12 month high of $274.00. The company has a market capitalization of $39.99 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 3.88 and a beta of 1.44.

Baidu announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 16th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the information services provider to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Several analysts recently commented on the company. KeyCorp set a $220.00 target price on Baidu and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. They noted that the move was a valuation call. UBS Group lowered Baidu from a “buy” rating to a “neutral” rating in a report on Monday, May 20th. Daiwa Capital Markets set a $215.00 target price on Baidu and gave the stock a “buy” rating in a report on Friday, March 8th. ValuEngine raised Baidu from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Finally, BidaskClub lowered Baidu from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. Baidu presently has an average rating of “Hold” and a consensus price target of $196.13.

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Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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