HL Financial Services LLC trimmed its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 33.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,975 shares of the information services provider’s stock after selling 1,005 shares during the quarter. HL Financial Services LLC’s holdings in Baidu were worth $463,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Tudor Investment Corp ET AL bought a new stake in shares of Baidu in the second quarter valued at about $559,000. Pitcairn Co. lifted its stake in shares of Baidu by 11.3% in the third quarter. Pitcairn Co. now owns 7,479 shares of the information services provider’s stock valued at $1,852,000 after buying an additional 760 shares during the period. Atria Investments LLC lifted its stake in shares of Baidu by 48.7% in the fourth quarter. Atria Investments LLC now owns 3,989 shares of the information services provider’s stock valued at $934,000 after buying an additional 1,306 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Baidu by 3.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 315,389 shares of the information services provider’s stock valued at $78,118,000 after buying an additional 9,666 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Baidu in the third quarter valued at about $3,497,000. 63.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Baidu Inc (NASDAQ:BIDU) opened at $228.77 on Wednesday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The firm has a market cap of $79,430.00, a P/E ratio of 31.51, a P/E/G ratio of 1.57 and a beta of 1.86. Baidu Inc has a fifty-two week low of $166.00 and a fifty-two week high of $274.97.

A number of brokerages have commented on BIDU. Oppenheimer raised 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. OTR Global cut shares of Baidu to a “positive” rating in a research note on Monday. Barclays raised their price target on shares of Baidu from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Jefferies Group cut shares of Baidu from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Baidu currently has an average rating of “Hold” and an average price target of $239.75.

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About Baidu

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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