Shine Investment Advisory Services Inc. Has $155,000 Holdings in Baidu Inc (BIDU)

Shine Investment Advisory Services Inc. boosted its holdings in Baidu Inc (NASDAQ:BIDU) by 54.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 940 shares of the information services provider’s stock after purchasing an additional 330 shares during the quarter. Shine Investment Advisory Services Inc.’s holdings in Baidu were worth $155,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in Baidu by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 9,668,953 shares of the information services provider’s stock worth $2,211,097,000 after buying an additional 104,819 shares in the last quarter. Vanguard Group Inc grew its position in shares of Baidu by 1.1% during the third quarter. Vanguard Group Inc now owns 9,668,953 shares of the information services provider’s stock valued at $2,211,097,000 after purchasing an additional 104,819 shares in the last quarter. Dodge & Cox grew its position in shares of Baidu by 12.6% during the third quarter. Dodge & Cox now owns 3,821,913 shares of the information services provider’s stock valued at $873,995,000 after purchasing an additional 427,876 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Baidu by 9.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,607,166 shares of the information services provider’s stock valued at $572,096,000 after purchasing an additional 306,202 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Baidu during the fourth quarter valued at about $526,416,000. Institutional investors and hedge funds own 62.58% of the company’s stock.

Shares of NASDAQ:BIDU traded up $1.69 during trading on Tuesday, reaching $170.36. The company’s stock had a trading volume of 75,787 shares, compared to its average volume of 2,840,131. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.31. Baidu Inc has a 12 month low of $153.78 and a 12 month high of $284.22. The company has a market cap of $58.92 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 3.95 and a beta of 1.47.

BIDU has been the subject of a number of research analyst reports. Citigroup cut their price objective on Baidu from $262.00 to $205.00 and set a “buy” rating for the company in a research report on Tuesday, January 22nd. Zacks Investment Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 26th. KeyCorp set a $236.00 price objective on Baidu and gave the company a “positive” rating in a research report on Wednesday, January 23rd. BidaskClub upgraded Baidu from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Finally, Morgan Stanley downgraded shares of Baidu from an “overweight” rating to an “equal weight” rating and set a $188.00 price target for the company. in a report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Baidu has an average rating of “Buy” and an average target price of $246.56.

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Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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