Baidu, Inc. (BIDU) Holdings Decreased by Macquarie Group Ltd.

Macquarie Group Ltd. cut its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 33.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 626,333 shares of the information services provider’s stock after selling 311,992 shares during the period. Macquarie Group Ltd. owned approximately 0.18% of Baidu worth $155,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BIDU. Principal Financial Group Inc. grew its holdings in shares of Baidu by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,346 shares of the information services provider’s stock valued at $232,000 after purchasing an additional 6 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Baidu by 17.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 11,626 shares of the information services provider’s stock valued at $2,006,000 after purchasing an additional 1,747 shares in the last quarter. North Star Investment Management Corp. grew its holdings in shares of Baidu by 399.2% in the second quarter. North Star Investment Management Corp. now owns 1,248 shares of the information services provider’s stock valued at $223,000 after purchasing an additional 998 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Baidu by 3.7% in the second quarter. Aperio Group LLC now owns 45,203 shares of the information services provider’s stock valued at $8,085,000 after purchasing an additional 1,621 shares in the last quarter. Finally, Highland Capital Management LLC grew its holdings in shares of Baidu by 17.5% in the second quarter. Highland Capital Management LLC now owns 5,505 shares of the information services provider’s stock valued at $985,000 after purchasing an additional 820 shares in the last quarter. Institutional investors and hedge funds own 64.64% of the company’s stock.

Baidu, Inc. (NASDAQ:BIDU) traded up $5.11 during mid-day trading on Friday, reaching $239.32. 2,265,600 shares of the company traded hands, compared to its average volume of 2,581,765. Baidu, Inc. has a 1 year low of $160.79 and a 1 year high of $274.97. The stock has a market cap of $83,210.00, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.39 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.

A number of brokerages recently weighed in on BIDU. Macquarie upgraded shares of Baidu from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $189.00 to $252.00 in a report on Friday, July 28th. Oppenheimer Holdings, Inc. lifted their price objective on shares of Baidu from $250.00 to $295.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. restated a “buy” rating and issued a $245.00 price objective (up previously from $223.00) on shares of Baidu in a report on Tuesday, August 1st. J P Morgan Chase & Co dropped their price objective on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Finally, Instinet upgraded shares of Baidu from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $180.00 to $241.00 in a report 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 company. The stock presently has a consensus rating of “Buy” and an average target price of $234.70.

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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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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