Nepsis Capital Management Inc. boosted its position in shares of Baidu Inc. (NASDAQ:BIDU) by 9.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,391 shares of the company’s stock after buying an additional 3,860 shares during the period. Baidu accounts for approximately 4.5% of Nepsis Capital Management Inc.’s holdings, making the stock its largest position. Nepsis Capital Management Inc.’s holdings in Baidu were worth $8,264,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Cornerstone Advisors Inc. boosted its stake in shares of Baidu by 0.8% in the second quarter. Cornerstone Advisors Inc. now owns 605 shares of the company’s stock worth $100,000 after buying an additional 5 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Baidu by 0.7% in the second quarter. IFP Advisors Inc now owns 2,013 shares of the company’s stock worth $332,000 after buying an additional 14 shares in the last quarter. Westport Resources Management Inc. boosted its stake in shares of Baidu by 1.0% in the second quarter. Westport Resources Management Inc. now owns 2,801 shares of the company’s stock worth $463,000 after buying an additional 28 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Baidu by 0.5% in the second quarter. Baird Financial Group Inc. now owns 7,508 shares of the company’s stock worth $1,240,000 after buying an additional 36 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of Baidu by 0.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 10,765 shares of the company’s stock worth $1,778,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 63.13% of the company’s stock.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Baidu Inc. (NASDAQ:BIDU) traded up 0.80% on Monday, reaching $165.69. 1,291,001 shares of the company’s stock traded hands. Baidu Inc. has a 12 month low of $139.61 and a 12 month high of $217.97. The firm’s 50-day moving average is $174.15 and its 200 day moving average is $171.91. The firm has a market cap of $57.48 billion, a PE ratio of 12.35 and a beta of 1.99.

Several equities analysts have recently weighed in on BIDU shares. Citigroup Inc. dropped their price objective on shares of Baidu from $180.00 to $179.00 and set a “neutral” rating on the stock in a research report on Monday, July 25th. Brean Capital reissued a “buy” rating and issued a $196.00 price objective (down from $197.00) on shares of Baidu in a research report on Friday, October 28th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $188.00 price objective (down from $196.00) on shares of Baidu in a research report on Tuesday, August 2nd. Deutsche Bank AG reissued a “buy” rating and issued a $182.00 price objective (down from $199.00) on shares of Baidu in a research report on Monday, August 1st. Finally, T.H. Capital lowered shares of Baidu from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $191.77.

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.

5 Day Chart for NASDAQ:BIDU

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