Compagnie Lombard Odier SCmA boosted its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 185.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,865 shares of the information services provider’s stock after purchasing an additional 12,900 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Baidu were worth $4,654,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Trustcore Financial Services LLC bought a new stake in Baidu during the 4th quarter valued at approximately $109,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake 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 valued at $121,000 after purchasing an additional 240 shares during the period. Whittier Trust Co. raised its stake in Baidu by 88.5% during the 4th quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock valued at $115,000 after purchasing an additional 230 shares during the period. Virtue Capital Management LLC bought a new stake in Baidu during the 4th quarter valued at approximately $155,000. Finally, Calton & Associates Inc. bought a new stake in Baidu during the 4th quarter valued at approximately $182,000. 63.15% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on BIDU. Wells Fargo reissued an “outperform” rating and set a $300.00 target price (up previously from $290.00) on shares of Baidu in a research note on Wednesday, February 14th. Deutsche Bank began coverage on Baidu in a research note on Thursday, March 15th. They set a “buy” rating and a $319.00 target price on the stock. BidaskClub raised Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. OTR Global downgraded Baidu to a “positive” rating in a research note on Monday, February 5th. Finally, Jefferies Group downgraded Baidu from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Baidu presently has a consensus rating of “Buy” and a consensus price target of $256.22.
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.
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