Wall Street Access Asset Management LLC cut its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,433 shares of the information services provider’s stock after selling 1,142 shares during the quarter. Baidu comprises approximately 1.6% of Wall Street Access Asset Management LLC’s portfolio, making the stock its 13th biggest holding. Wall Street Access Asset Management LLC’s holdings in Baidu were worth $1,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BIDU. Ark Investment Management LLC increased its stake in Baidu by 30.9% during the second quarter. Ark Investment Management LLC now owns 102,901 shares of the information services provider’s stock worth $18,405,000 after acquiring an additional 24,302 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Baidu by 19.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 10,493 shares of the information services provider’s stock worth $2,599,000 after acquiring an additional 1,742 shares during the last quarter. New York State Common Retirement Fund increased its stake in Baidu by 2.3% during the third quarter. New York State Common Retirement Fund now owns 372,662 shares of the information services provider’s stock worth $92,305,000 after acquiring an additional 8,500 shares during the last quarter. Commerce Bank increased its stake in Baidu by 8.1% during the third quarter. Commerce Bank now owns 2,807 shares of the information services provider’s stock worth $696,000 after acquiring an additional 210 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its stake in Baidu by 13,073.9% during the third quarter. ClariVest Asset Management LLC now owns 6,060 shares of the information services provider’s stock worth $1,501,000 after acquiring an additional 6,014 shares during the last quarter. Hedge funds and other institutional investors own 63.15% of the company’s stock.

Shares of Baidu Inc (NASDAQ:BIDU) opened at $254.19 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.30. Baidu Inc has a 12 month low of $166.00 and a 12 month high of $274.97. The stock has a market capitalization of $90,986.37, a PE ratio of 32.17, a PEG ratio of 1.62 and a beta of 1.77.

Several brokerages have commented on BIDU. Wells Fargo restated an “outperform” rating and set a $300.00 price target (up from $290.00) on shares of Baidu in a research note on Wednesday, February 14th. Deutsche Bank began coverage on Baidu in a research note on Thursday, March 15th. They set a “buy” rating and a $319.00 price target for the company. BidaskClub upgraded Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. OTR Global lowered Baidu to a “positive” rating in a research note on Monday, February 5th. Finally, Jefferies Group lowered Baidu from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $256.22.

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About Baidu

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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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