5,005 Shares in Baidu, Inc. (BIDU) Purchased by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC purchased a new position in shares of Baidu, Inc. (NASDAQ:BIDU) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 5,005 shares of the information services provider’s stock, valued at approximately $1,240,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of 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. raised its stake in shares of Baidu by 0.6% in the 2nd quarter. Cambridge Advisors Inc. now owns 1,583 shares of the information services provider’s stock valued at $283,000 after acquiring an additional 10 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Baidu by 1.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,478 shares of the information services provider’s stock valued at $264,000 after acquiring an additional 28 shares in the last quarter. HL Financial Services LLC raised its stake in shares of Baidu by 0.8% in the 2nd quarter. HL Financial Services LLC now owns 3,726 shares of the information services provider’s stock valued at $666,000 after acquiring an additional 31 shares in the last quarter. Finally, Mosaic Family Wealth LLC raised its stake in shares of Baidu by 2.7% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,237 shares of the information services provider’s stock valued at $221,000 after acquiring an additional 33 shares in the last quarter. 64.27% of the stock is owned by institutional investors.

Shares of Baidu, Inc. (BIDU) opened at $241.54 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.70. The company has a market capitalization of $83,756.41, a price-to-earnings ratio of 30.57, a P/E/G ratio of 1.26 and a beta of 1.94. Baidu, Inc. has a one year low of $159.54 and a one year high of $274.97.

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

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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