Intellectus Partners LLC cut its holdings in Baidu Inc (NASDAQ:BIDU) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,753 shares of the information services provider’s stock after selling 1,108 shares during the quarter. Baidu makes up approximately 1.1% of Intellectus Partners LLC’s holdings, making the stock its 22nd largest holding. Intellectus Partners LLC’s holdings in Baidu were worth $2,623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its stake in shares of Baidu by 9.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,078,061 shares of the information services provider’s stock worth $419,062,000 after purchasing an additional 367,011 shares during the last quarter. Prudential PLC boosted its position in Baidu by 44.5% during the 2nd quarter. Prudential PLC now owns 2,216,196 shares of the information services provider’s stock valued at $259,933,000 after acquiring an additional 681,970 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in Baidu by 16.8% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,955,119 shares of the information services provider’s stock valued at $200,908,000 after acquiring an additional 280,904 shares in the last quarter. Marathon Asset Management LLP boosted its position in Baidu by 33.6% during the 3rd quarter. Marathon Asset Management LLP now owns 1,513,513 shares of the information services provider’s stock valued at $155,529,000 after acquiring an additional 380,364 shares in the last quarter. Finally, River & Mercantile Asset Management LLP boosted its position in Baidu by 12.5% during the 3rd quarter. River & Mercantile Asset Management LLP now owns 1,361,175 shares of the information services provider’s stock valued at $139,888,000 after acquiring an additional 151,043 shares in the last quarter. 52.14% of the stock is currently owned by institutional investors.

Shares of BIDU traded down $5.15 during mid-day trading on Friday, reaching $129.05. The company had a trading volume of 2,928,052 shares, compared to its average volume of 3,919,397. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.59 and a current ratio of 2.59. The firm has a 50-day moving average price of $129.89 and a 200 day moving average price of $113.63. Baidu Inc has a 52 week low of $93.39 and a 52 week high of $186.22. The company has a market capitalization of $47.09 billion, a price-to-earnings ratio of -143.39, a price-to-earnings-growth ratio of 3.14 and a beta of 1.77.

BIDU has been the topic of several research reports. Morgan Stanley raised Baidu from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 7th. Zacks Investment Research cut Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Mizuho lifted their price objective on Baidu from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barclays lifted their price objective on Baidu from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group set a $133.00 price objective on Baidu and gave the company a “buy” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $146.53.

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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