Beck Mack & Oliver LLC Has $287,000 Holdings in Baidu, Inc. (BIDU)

Beck Mack & Oliver LLC cut its holdings in Baidu, Inc. (NASDAQ:BIDU) by 60.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,160 shares of the information services provider’s stock after selling 1,788 shares during the period. Beck Mack & Oliver LLC’s holdings in Baidu were worth $287,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. increased its position in shares of Baidu by 0.4% during the first 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. Schwab Charles Investment Management Inc. increased its position in shares of Baidu by 17.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 11,626 shares of the information services provider’s stock worth $2,006,000 after purchasing an additional 1,747 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of Baidu by 15.7% during the first quarter. Salem Investment Counselors Inc. now owns 9,807 shares of the information services provider’s stock worth $1,716,000 after purchasing an additional 1,330 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Baidu during the first quarter worth about $22,566,000. Finally, Adalta Capital Management LLC acquired a new stake in shares of Baidu during the first quarter worth about $925,000. Institutional investors own 64.27% of the company’s stock.

A number of analysts have recently commented on the company. Macquarie upgraded Baidu from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $189.00 to $252.00 in a research report on Friday, July 28th. Oppenheimer Holdings, Inc. lifted their target price on Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Tuesday. HSBC Holdings plc reiterated a “buy” rating and set a $245.00 target price (up previously from $223.00) on shares of Baidu in a research report on Tuesday, August 1st. J P Morgan Chase & Co cut their target price on Baidu from $230.00 to $225.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Instinet upgraded Baidu from a “neutral” rating to a “buy” rating and lifted their target price for the stock 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 issued a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $234.70.

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Shares of Baidu, Inc. (NASDAQ BIDU) traded up 2.37% during midday trading on Wednesday, hitting $249.71. The stock had a trading volume of 1,198,073 shares. The firm has a 50 day moving average of $249.58 and a 200-day moving average of $210.35. The company has a market cap of $86.59 billion, a P/E ratio of 46.29 and a beta of 1.99. Baidu, Inc. has a one year low of $159.54 and a one year high of $274.97.

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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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