River & Mercantile Asset Management LLP bought a new stake in Baidu Inc (NASDAQ:BIDU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,520 shares of the information services provider’s stock, valued at approximately $2,058,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dodge & Cox acquired a new position in shares of Baidu during the fourth quarter valued at about $933,189,000. PagnatoKarp Partners LLC acquired a new position in shares of Baidu during the fourth quarter valued at about $524,000. Portland Hill Capital LLP purchased a new stake in Baidu during the fourth quarter worth $3,275,000. Wall Street Access Asset Management LLC boosted its stake in Baidu by 10.6% in the fourth quarter. Wall Street Access Asset Management LLC now owns 6,429 shares of the information services provider’s stock worth $1,056,000 after buying an additional 618 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Baidu during the fourth quarter worth $62,421,000. Institutional investors own 62.63% of the company’s stock.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Baidu Inc (NASDAQ:BIDU) traded up 0.47% during midday trading on Thursday, reaching $178.64. 2,478,452 shares of the company were exchanged. Baidu Inc has a 52-week low of $155.28 and a 52-week high of $201.00. The company has a 50 day moving average of $173.21 and a 200-day moving average of $173.19. The company has a market capitalization of $62.08 billion, a price-to-earnings ratio of 38.68 and a beta of 1.90. Baidu also saw unusually large options trading on Wednesday. Investors purchased 4,403 call options on the company. This is an increase of 244% compared to the average volume of 1,281 call options.

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A number of research firms have recently weighed in on BIDU. Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $196.20 price target on the stock. in a report on Wednesday. Benchmark Co. began coverage on shares of Baidu in a report on Tuesday. They issued a “buy” rating and a $190.00 price target on the stock. Jefferies Group LLC set a $188.00 price target on shares of Baidu and gave the company a “buy” rating in a report on Saturday, April 1st. Zacks Investment Research upgraded shares of Baidu from a “sell” rating to a “hold” rating in a report on Thursday, March 30th. Finally, Barclays PLC initiated coverage on shares of Baidu in a research report on Tuesday, March 28th. They issued an “equal weight” rating and a $195.00 price objective for the company. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $188.62.

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.

5 Day Chart for NASDAQ:BIDU

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