Baidu Inc (BIDU) Shares Bought by Polen Capital Management LLC

Polen Capital Management LLC grew its stake in shares of Baidu Inc (NASDAQ:BIDU) by 245.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 7,178 shares of the information services provider’s stock after buying an additional 5,102 shares during the period. Baidu makes up 0.0% of Polen Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding. Polen Capital Management LLC’s holdings in Baidu were worth $1,778,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its stake in Baidu by 17.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 11,626 shares of the information services provider’s stock valued at $2,006,000 after acquiring an additional 1,747 shares during the period. Acadian Asset Management LLC bought a new stake in Baidu in the second quarter valued at about $423,000. Harbour Capital Advisors LLC increased its stake in Baidu by 17,786.3% in the second quarter. Harbour Capital Advisors LLC now owns 20,927 shares of the information services provider’s stock valued at $117,000 after acquiring an additional 20,810 shares during the period. Great West Life Assurance Co. Can increased its stake in Baidu by 10.5% in the second quarter. Great West Life Assurance Co. Can now owns 131,103 shares of the information services provider’s stock valued at $23,414,000 after acquiring an additional 12,421 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Baidu by 7.2% in the second quarter. CIBC Asset Management Inc now owns 15,300 shares of the information services provider’s stock valued at $2,737,000 after acquiring an additional 1,033 shares during the period.

Shares of Baidu Inc (NASDAQ BIDU) opened at $235.07 on Monday. 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 firm has a market cap of $81,512.88, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 1.39 and a beta of 1.90. Baidu Inc has a twelve month low of $160.79 and a twelve month high of $274.97.

BIDU has been the topic of several research analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of Baidu in a research note on Thursday, August 31st. Jefferies Group upped their price objective on shares of 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 shares of 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 note on Monday, August 28th. Finally, OTR Global raised shares of Baidu to a “positive” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $236.36.

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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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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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