Russell Investments Group Ltd. lifted its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 26.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 714,465 shares of the information services provider’s stock after buying an additional 150,914 shares during the period. Russell Investments Group Ltd.’s holdings in Baidu were worth $167,695,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its holdings in Baidu by 53.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 17,872 shares of the information services provider’s stock valued at $3,197,000 after acquiring an additional 6,246 shares during the period. Principal Financial Group Inc. raised its holdings in Baidu by 151.0% in the 2nd quarter. Principal Financial Group Inc. now owns 3,378 shares of the information services provider’s stock valued at $604,000 after acquiring an additional 2,032 shares during the period. Ark Investment Management LLC raised its holdings in Baidu by 30.9% in the 2nd quarter. Ark Investment Management LLC now owns 102,901 shares of the information services provider’s stock valued at $18,405,000 after acquiring an additional 24,302 shares during the period. Voya Investment Management LLC raised its holdings in Baidu by 14.8% in the 2nd quarter. Voya Investment Management LLC now owns 38,990 shares of the information services provider’s stock valued at $6,974,000 after acquiring an additional 5,026 shares during the period. Finally, QS Investors LLC raised its holdings in Baidu by 16.7% in the 2nd quarter. QS Investors LLC now owns 4,200 shares of the information services provider’s stock valued at $751,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 63.94% of the company’s stock.

Shares of Baidu Inc (BIDU) opened at $227.50 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34. The stock has a market cap of $79,430.00, a P/E ratio of 31.51, a P/E/G ratio of 1.57 and a beta of 1.86. Baidu Inc has a 52-week low of $166.00 and a 52-week high of $274.97.

Several research firms have weighed in on BIDU. Oppenheimer increased their price target on shares of Baidu from $250.00 to $295.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. lowered their price target on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. Bank of America reissued a “buy” rating and issued a $301.00 price target on shares of Baidu in a report on Sunday, November 19th. BidaskClub raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $200.00 price target (down from $275.00) on shares of Baidu in a report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $239.75.

ILLEGAL ACTIVITY WARNING: This article was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2018/02/07/russell-investments-group-ltd-acquires-150914-shares-of-baidu-inc-bidu.html.

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.

Want to see what other hedge funds are holding BIDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baidu Inc (NASDAQ:BIDU).

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.