United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its stake in Baidu Inc (NASDAQ:BIDU) by 22.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 146,488 shares of the information services provider’s stock after buying an additional 26,514 shares during the quarter. Baidu accounts for about 4.1% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 7th biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Baidu were worth $33,499,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in BIDU. Bartlett & Co. LLC increased its stake in shares of Baidu by 71.0% during the 2nd quarter. Bartlett & Co. LLC now owns 530 shares of the information services provider’s stock worth $129,000 after purchasing an additional 220 shares during the last quarter. BB&T Securities LLC grew its stake in Baidu by 0.6% in the 2nd quarter. BB&T Securities LLC now owns 40,891 shares of the information services provider’s stock valued at $9,936,000 after buying an additional 239 shares during the last quarter. Atria Investments LLC grew its stake in Baidu by 4.5% in the 3rd quarter. Atria Investments LLC now owns 6,211 shares of the information services provider’s stock valued at $1,420,000 after buying an additional 267 shares during the last quarter. Deltec Asset Management LLC grew its stake in Baidu by 19.4% in the 2nd quarter. Deltec Asset Management LLC now owns 2,150 shares of the information services provider’s stock valued at $522,000 after buying an additional 350 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in Baidu by 30.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 1,559 shares of the information services provider’s stock valued at $379,000 after buying an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 60.90% of the company’s stock.

Shares of Baidu stock traded down $4.80 during mid-day trading on Friday, reaching $183.75. 2,926,042 shares of the stock were exchanged, compared to its average volume of 3,578,316. The stock has a market capitalization of $67.76 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.00 and a beta of 1.61. The company has a quick ratio of 2.19, a current ratio of 2.66 and a debt-to-equity ratio of 0.24. Baidu Inc has a fifty-two week low of $177.80 and a fifty-two week high of $284.22.

A number of research analysts recently issued reports on BIDU shares. KeyCorp set a $297.00 target price on shares of Baidu and gave the company a “buy” rating in a research note on Wednesday, August 1st. Deutsche Bank set a $337.00 price target on shares of Baidu and gave the company a “buy” rating in a report on Wednesday, August 1st. Credit Suisse Group set a $313.00 price target on shares of Baidu and gave the company a “buy” rating in a report on Monday, October 1st. UBS Group set a $280.00 price target on shares of Baidu and gave the company a “buy” rating in a report on Tuesday, October 9th. Finally, Benchmark reduced their price target on shares of Baidu from $300.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $278.86.

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Baidu 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, such as search and browsing, and their demographics; 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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