BT Investment Management Ltd Acquires New Stake in Baidu, Inc. (NASDAQ:BIDU)

BT Investment Management Ltd bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 63,835 shares of the information services provider’s stock, valued at approximately $15,811,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors grew its holdings in shares of Baidu by 54.2% during the 2nd quarter. Capital World Investors now owns 9,726,375 shares of the information services provider’s stock worth $1,739,659,000 after purchasing an additional 3,419,291 shares during the period. Harris Associates L P grew its holdings in shares of Baidu by 29.7% during the 2nd quarter. Harris Associates L P now owns 9,015,196 shares of the information services provider’s stock worth $1,612,458,000 after purchasing an additional 2,066,614 shares during the period. Cambiar Investors LLC purchased a new position in shares of Baidu during the 2nd quarter worth $274,670,000. Veritas Asset Management LLP grew its holdings in shares of Baidu by 37.1% during the 2nd quarter. Veritas Asset Management LLP now owns 3,404,298 shares of the information services provider’s stock worth $608,893,000 after purchasing an additional 920,687 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Baidu by 7.4% during the 2nd quarter. Franklin Resources Inc. now owns 7,219,564 shares of the information services provider’s stock worth $1,291,291,000 after purchasing an additional 498,060 shares during the period. Hedge funds and other institutional investors own 64.64% of the company’s stock.

Baidu, Inc. (NASDAQ:BIDU) traded down $2.45 during trading hours on Wednesday, hitting $234.92. The company had a trading volume of 1,563,600 shares, compared to its average volume of 2,582,860. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71. Baidu, Inc. has a fifty-two week low of $160.79 and a fifty-two week high of $274.97. The firm has a market capitalization of $82,310.42, a PE ratio of 30.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.94.

A number of equities analysts have recently weighed in on BIDU shares. Credit Suisse Group reiterated an “outperform” rating on shares of Baidu in a report on Thursday, August 31st. Jefferies Group LLC increased their target price on Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Erste Group raised Baidu from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Macquarie reaffirmed a “top pick” rating on shares of Baidu in a research report on Monday, August 28th. Finally, OTR Global raised Baidu to a “positive” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. Baidu presently has a consensus rating of “Buy” and an average target price of $234.70.

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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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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