Baidu Inc (BIDU) Stake Held by Chelsea Counsel Co.

Chelsea Counsel Co. continued to hold its position in shares of Baidu Inc (NASDAQ:BIDU) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,785 shares of the information services provider’s stock at the end of the first quarter. Chelsea Counsel Co.’s holdings in Baidu were worth $308,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Wesbanco Bank Inc. increased its position in shares of Baidu by 0.8% in the fourth quarter. Wesbanco Bank Inc. now owns 1,245 shares of the information services provider’s stock worth $205,000 after buying an additional 10 shares in the last quarter. Boston Private Wealth LLC increased its position in shares of Baidu by 0.6% in the third quarter. Boston Private Wealth LLC now owns 1,820 shares of the information services provider’s stock worth $331,000 after buying an additional 11 shares in the last quarter. Ausdal Financial Partners Inc. increased its position in shares of Baidu by 2.9% in the third quarter. Ausdal Financial Partners Inc. now owns 1,437 shares of the information services provider’s stock worth $262,000 after buying an additional 40 shares in the last quarter. American International Group Inc. increased its position in shares of Baidu by 0.3% in the third quarter. American International Group Inc. now owns 15,776 shares of the information services provider’s stock worth $2,872,000 after buying an additional 47 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Baidu by 3.8% in the first quarter. Raymond James Trust N.A. now owns 1,321 shares of the information services provider’s stock worth $228,000 after buying an additional 48 shares in the last quarter. 62.63% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Shares of Baidu Inc (NASDAQ:BIDU) traded up 0.47% on Thursday, reaching $178.64. 2,477,962 shares of the company’s stock were exchanged. The stock has a market cap of $62.08 billion, a P/E ratio of 38.68 and a beta of 1.90. The company’s 50 day moving average price is $173.12 and its 200-day moving average price is $173.15. Baidu Inc has a 52-week low of $155.28 and a 52-week high of $201.00. Baidu also was the target of some unusual options trading activity on Wednesday. Traders purchased 4,403 call options on the stock. This is an increase of approximately 244% compared to the typical volume of 1,281 call options.

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A number of equities analysts have weighed in on the stock. Vetr downgraded shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $196.20 target price for the company. in a research note on Wednesday. Benchmark Co. assumed coverage on shares of Baidu in a research note on Tuesday. They issued a “buy” rating and a $190.00 target price for the company. Jefferies Group LLC set a $188.00 target price on shares of Baidu and gave the stock a “buy” rating in a research note on Saturday, April 1st. Zacks Investment Research raised shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, March 30th. Finally, Barclays PLC assumed coverage on shares of Baidu in a research note on Tuesday, March 28th. They issued an “equal weight” rating and a $195.00 target price for the company. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the stock. Baidu presently has an average rating of “Hold” and a consensus target price of $188.62.

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.

5 Day Chart for NASDAQ:BIDU

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