850 Shares in Baidu, Inc. (BIDU) Acquired by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC purchased a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 850 shares of the information services provider’s stock, valued at approximately $211,000.

A number of other large investors have also modified their holdings of the business. Principal Financial Group Inc. lifted its position in Baidu by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,346 shares of the information services provider’s stock worth $232,000 after buying an additional 6 shares in the last quarter. Cambridge Advisors Inc. lifted its position in Baidu by 0.6% during the 2nd quarter. Cambridge Advisors Inc. now owns 1,583 shares of the information services provider’s stock worth $283,000 after buying an additional 10 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Baidu by 1.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,478 shares of the information services provider’s stock worth $264,000 after buying an additional 28 shares in the last quarter. HL Financial Services LLC lifted its position in Baidu by 0.8% during the 2nd quarter. HL Financial Services LLC now owns 3,726 shares of the information services provider’s stock worth $666,000 after buying an additional 31 shares in the last quarter. Finally, Mosaic Family Wealth LLC lifted its position in Baidu by 2.7% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,237 shares of the information services provider’s stock worth $221,000 after buying an additional 33 shares in the last quarter. 64.64% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts have commented on the stock. Macquarie raised shares of Baidu from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $189.00 to $252.00 in a research report on Friday, July 28th. Oppenheimer Holdings, Inc. boosted their price target on shares of Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. HSBC Holdings plc restated a “buy” rating and set a $245.00 price objective (up from $223.00) on shares of Baidu in a research note on Tuesday, August 1st. J P Morgan Chase & Co lowered their price objective on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. Finally, Instinet upgraded shares of Baidu from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $241.00 in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $234.70.

Baidu, Inc. (NASDAQ BIDU) traded down $2.34 during midday trading on Tuesday, reaching $235.03. 644,973 shares of the company’s stock were exchanged, compared to its average volume of 2,587,511. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The company has a market cap of $81,290.00, a P/E ratio of 30.05, a P/E/G ratio of 1.41 and a beta of 1.94. Baidu, Inc. has a 52-week low of $160.61 and a 52-week high of $274.97.

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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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