Ninety One UK Ltd Purchases 257,916 Shares of Baidu Inc (NASDAQ:BIDU)

Ninety One UK Ltd lifted its position in shares of Baidu Inc (NASDAQ:BIDU) by 69.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 628,809 shares of the information services provider’s stock after purchasing an additional 257,916 shares during the period. Ninety One UK Ltd’s holdings in Baidu were worth $75,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new stake in shares of Baidu in the 2nd quarter valued at $1,610,000. Handelsbanken Fonder AB boosted its stake in shares of Baidu by 39.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 560,109 shares of the information services provider’s stock valued at $67,151,000 after purchasing an additional 159,259 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Baidu by 3.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 470,648 shares of the information services provider’s stock valued at $56,426,000 after purchasing an additional 17,413 shares in the last quarter. Advisors Capital Management LLC boosted its stake in shares of Baidu by 5.8% in the 2nd quarter. Advisors Capital Management LLC now owns 37,098 shares of the information services provider’s stock valued at $4,448,000 after purchasing an additional 2,049 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Baidu by 2.4% in the 2nd quarter. AQR Capital Management LLC now owns 595,941 shares of the information services provider’s stock valued at $71,447,000 after purchasing an additional 13,901 shares in the last quarter. 52.21% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Baidu from $136.00 to $130.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th. Nomura Instinet upped their price target on shares of Baidu from $120.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Morgan Stanley reiterated an “equal weight” rating and set a $130.00 price target (down from $140.00) on shares of Baidu in a report on Tuesday, September 8th. Mizuho lowered their price target on shares of Baidu from $175.00 to $170.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Finally, KeyCorp upped their price target on shares of Baidu from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, August 17th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. Baidu has a consensus rating of “Buy” and a consensus target price of $144.33.

Shares of NASDAQ:BIDU traded up $1.54 during midday trading on Wednesday, reaching $126.03. The company’s stock had a trading volume of 2,405,200 shares, compared to its average volume of 4,272,649. The firm has a 50 day moving average of $122.68 and a 200-day moving average of $112.77. The firm has a market capitalization of $43.05 billion, a P/E ratio of 83.46, a PEG ratio of -14.22 and a beta of 1.38. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.35. Baidu Inc has a 12-month low of $82.00 and a 12-month high of $147.38.

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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