DSAM Partners London Ltd Boosts Stake in Baidu, Inc. (BIDU)

DSAM Partners London Ltd grew its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 836.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,622 shares of the information services provider’s stock after acquiring an additional 111,317 shares during the quarter. Baidu comprises about 4.3% of DSAM Partners London Ltd’s holdings, making the stock its 5th largest position. DSAM Partners London Ltd’s holdings in Baidu were worth $30,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased 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 purchasing an additional 6 shares in the last quarter. Cambridge Advisors Inc. increased 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 purchasing an additional 10 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased 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 purchasing an additional 28 shares in the last quarter. HL Financial Services LLC increased 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 purchasing an additional 31 shares in the last quarter. Finally, Mosaic Family Wealth LLC increased 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 purchasing an additional 33 shares in the last quarter. 64.27% of the stock is owned by institutional investors.

BIDU has been the subject of several recent research reports. TheStreet raised shares of Baidu from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Nomura raised shares of Baidu from a “neutral” rating to a “buy” rating and set a $241.00 price objective for the company in a research report on Monday, July 31st. HSBC Holdings plc reaffirmed a “buy” rating and issued a $245.00 price objective (up previously from $223.00) on shares of Baidu in a research report on Tuesday, August 1st. Vetr raised shares of Baidu from a “sell” rating to a “buy” rating and set a $244.58 price objective for the company in a research report on Monday, July 31st. Finally, Instinet raised shares of Baidu from a “neutral” rating to a “buy” rating and increased their price objective for the company from $180.00 to $241.00 in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $234.70.

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About Baidu

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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