Invictus RG acquired a new stake in shares of Baidu Inc (NASDAQ:BIDU) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 780 shares of the information services provider’s stock, valued at approximately $193,000.

Other hedge funds have also recently bought and sold shares of the company. Tudor Investment Corp ET AL purchased a new stake in Baidu during the second quarter valued at about $559,000. Comgest Global Investors S.A.S. lifted its stake in Baidu by 9.1% during the second quarter. Comgest Global Investors S.A.S. now owns 2,659,934 shares of the information services provider’s stock valued at $475,756,000 after buying an additional 222,300 shares in the last quarter. Pitcairn Co. lifted its stake in Baidu by 11.3% during the third quarter. Pitcairn Co. now owns 7,479 shares of the information services provider’s stock valued at $1,852,000 after buying an additional 760 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Baidu by 2.4% during the second quarter. Lazard Asset Management LLC now owns 5,879,990 shares of the information services provider’s stock valued at $1,051,693,000 after buying an additional 138,105 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Baidu by 3.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 315,389 shares of the information services provider’s stock valued at $78,118,000 after buying an additional 9,666 shares in the last quarter. 64.04% of the stock is owned by institutional investors.

A number of analysts have commented on the stock. Oppenheimer upped their price objective on shares of Baidu from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. J P Morgan Chase & Co reduced their price objective on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Bank of America reaffirmed a “buy” rating and set a $301.00 price objective on shares of Baidu in a research note on Sunday, November 19th. Vetr upgraded Baidu from a “buy” rating to a “strong-buy” rating and set a $277.19 target price on the stock in a report on Monday, October 30th. Finally, Erste Group upgraded Baidu from a “sell” rating to a “hold” rating in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $236.36.

Baidu Inc (BIDU) opened at $234.59 on Friday. The company has a market capitalization of $80,798.55, a price-to-earnings ratio of 29.50, a P/E/G ratio of 1.38 and a beta of 1.89. Baidu Inc has a 12-month low of $162.02 and a 12-month high of $274.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71.

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Baidu 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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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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