Victory Capital Management Inc. grew its position in shares of Baidu Inc (NASDAQ:BIDU) by 56.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 48,516 shares of the information services provider’s stock after purchasing an additional 17,599 shares during the quarter. Victory Capital Management Inc.’s holdings in Baidu were worth $11,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rehmann Capital Advisory Group lifted its position in shares of Baidu by 10.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,113 shares of the information services provider’s stock valued at $523,000 after buying an additional 202 shares during the last quarter. Advisors Capital Management LLC lifted its holdings in Baidu by 2.3% during the 3rd quarter. Advisors Capital Management LLC now owns 8,991 shares of the information services provider’s stock worth $2,227,000 after purchasing an additional 204 shares in the last quarter. Commerce Bank lifted its holdings in Baidu by 8.1% during the 3rd quarter. Commerce Bank now owns 2,807 shares of the information services provider’s stock worth $696,000 after purchasing an additional 210 shares in the last quarter. Hollencrest Capital Management lifted its holdings in Baidu by 12.8% during the 4th quarter. Hollencrest Capital Management now owns 1,870 shares of the information services provider’s stock worth $438,000 after purchasing an additional 212 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Baidu by 96.0% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock worth $121,000 after purchasing an additional 240 shares in the last quarter. 63.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on BIDU. Oppenheimer increased their price objective on Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. dropped their price objective on Baidu from $230.00 to $225.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. Wells Fargo & Co reissued an “outperform” rating and set a $300.00 price objective (up previously from $290.00) on shares of Baidu in a report on Wednesday. Bank of America reissued a “buy” rating and set a $301.00 price objective on shares of Baidu in a report on Sunday, November 19th. Finally, BidaskClub raised Baidu from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $245.01.

Baidu Inc (BIDU) opened at $235.89 on Thursday. The firm has a market capitalization of $81,910.00, a PE ratio of 32.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.86. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. Baidu Inc has a one year low of $166.00 and a one year high of $274.97.

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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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