Baidu Inc (BIDU) Position Increased by Wrapmanager Inc.

Wrapmanager Inc. increased its position in shares of Baidu Inc (NASDAQ:BIDU) by 28.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,832 shares of the information services provider’s stock after buying an additional 405 shares during the period. Wrapmanager Inc.’s holdings in Baidu were worth $302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BIDU. Highstreet Asset Management Inc. boosted its holdings in Baidu by 1.5% in the 4th quarter. Highstreet Asset Management Inc. now owns 4,016 shares of the information services provider’s stock valued at $637,000 after purchasing an additional 61 shares during the period. Cetera Advisor Networks LLC boosted its holdings in Baidu by 2.5% in the 4th quarter. Cetera Advisor Networks LLC now owns 2,654 shares of the information services provider’s stock valued at $424,000 after purchasing an additional 65 shares during the period. Sage Capital Advisors llc boosted its holdings in Baidu by 0.8% in the 1st quarter. Sage Capital Advisors llc now owns 8,040 shares of the information services provider’s stock valued at $1,325,000 after purchasing an additional 67 shares during the period. Jennison Associates LLC boosted its holdings in Baidu by 2.0% in the 4th quarter. Jennison Associates LLC now owns 3,538 shares of the information services provider’s stock valued at $561,000 after purchasing an additional 68 shares during the period. Finally, First Personal Financial Services boosted its holdings in Baidu by 70.7% in the 4th quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 70 shares during the period. 60.69% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. BidaskClub raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. ValuEngine raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Credit Suisse Group set a $221.00 price objective on shares of Baidu and gave the stock a “buy” rating in a report on Wednesday, April 10th. Oppenheimer downgraded shares of Baidu from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $245.00 price objective (down from $260.00) on shares of Baidu in a report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Baidu has an average rating of “Buy” and an average target price of $230.64.

Shares of Baidu stock opened at $152.39 on Wednesday. The stock has a market cap of $52.94 billion, a P/E ratio of 19.54, a PEG ratio of 4.58 and a beta of 1.44. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.31. Baidu Inc has a 12-month low of $150.02 and a 12-month high of $284.22.

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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.

Further Reading: Gap Up Stocks

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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