Russell Investments Group Ltd. Has $139.53 Million Holdings in Baidu, Inc. (BIDU)
Russell Investments Group Ltd. boosted its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 72.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 563,551 shares of the information services provider’s stock after buying an additional 236,355 shares during the period. Russell Investments Group Ltd. owned approximately 0.16% of Baidu worth $139,526,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in BIDU. Grove Bank & Trust grew its stake in Baidu by 74.2% during the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock worth $106,000 after buying an additional 253 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in Baidu during the second quarter worth about $112,000. Harbour Capital Advisors LLC grew its stake in Baidu by 17,786.3% during the second quarter. Harbour Capital Advisors LLC now owns 20,927 shares of the information services provider’s stock worth $117,000 after buying an additional 20,810 shares in the last quarter. Aviance Capital Management LLC acquired a new stake in Baidu during the second quarter worth about $124,000. Finally, Highstreet Asset Management Inc. acquired a new stake in Baidu during the second quarter worth about $146,000. Hedge funds and other institutional investors own 64.64% of the company’s stock.
BIDU has been the topic of a number of analyst reports. TheStreet upgraded shares of Baidu from a “c+” rating to a “b” rating in a research note on Monday, July 31st. reissued a “buy” rating and issued a $245.00 target price (up previously from $223.00) on shares of Baidu in a report on Tuesday, August 1st. Vetr raised shares of Baidu from a “sell” rating to a “buy” rating and set a $244.58 target price for the company in a report on Monday, July 31st. Instinet raised shares of Baidu from a “neutral” rating to a “buy” rating and increased their target price for the stock from $180.00 to $241.00 in a report on Monday, July 31st. Finally, Nomura raised shares of Baidu from a “neutral” rating to a “buy” rating and set a $241.00 target price for the company in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $234.70.
Baidu, Inc. (NASDAQ:BIDU) traded down $2.45 during trading on Wednesday, reaching $234.92. 1,563,600 shares of the company’s stock traded hands, compared to its average volume of 2,582,860. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34. Baidu, Inc. has a 52-week low of $160.79 and a 52-week high of $274.97. The company has a market cap of $81,140.00, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.94.
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.
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