Pictet North America Advisors SA Acquires 68,968 Shares of Baidu, Inc. (BIDU)

Pictet North America Advisors SA lifted its position in Baidu, Inc. (NASDAQ:BIDU) by 249.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,636 shares of the information services provider’s stock after acquiring an additional 68,968 shares during the period. Baidu accounts for approximately 3.8% of Pictet North America Advisors SA’s investment portfolio, making the stock its 6th biggest holding. Pictet North America Advisors SA’s holdings in Baidu were worth $23,936,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIDU. Principal Financial Group Inc. grew its position in 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 during the period. Schwab Charles Investment Management Inc. grew its position in Baidu by 17.7% during the 1st 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 during the period. North Star Investment Management Corp. grew its position in Baidu by 399.2% during the 2nd quarter. North Star Investment Management Corp. now owns 1,248 shares of the information services provider’s stock worth $223,000 after purchasing an additional 998 shares during the period. Aperio Group LLC grew its position in Baidu by 3.7% during the 2nd quarter. Aperio Group LLC now owns 45,203 shares of the information services provider’s stock worth $8,085,000 after purchasing an additional 1,621 shares during the period. Finally, Highland Capital Management LLC boosted its stake in shares of Baidu by 17.5% during the 2nd quarter. Highland Capital Management LLC now owns 5,505 shares of the information services provider’s stock worth $985,000 after acquiring an additional 820 shares in the last quarter. 64.64% of the stock is currently owned by hedge funds and other institutional investors.

BIDU has been the topic of several recent analyst reports. OTR Global raised shares of Baidu to a “positive” rating in a research note on Wednesday, October 25th. Barclays PLC set a $250.00 target price on shares of Baidu and gave the stock a “hold” rating in a research note on Thursday, October 19th. Vetr raised shares of Baidu from a “sell” rating to a “strong-buy” rating and set a $265.83 target price on the stock in a research note on Wednesday, September 6th. Jefferies Group LLC increased their target price 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. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $201.00 price target (up from $186.00) on shares of Baidu in a research note on Wednesday, July 26th. One equities 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 issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $234.70.

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Baidu, Inc. (NASDAQ BIDU) traded up $0.68 during trading on Friday, hitting $240.00. 1,425,840 shares of the stock traded hands, compared to its average volume of 2,850,000. The stock has a market cap of $83,210.00, a PE ratio of 29.65, a P/E/G ratio of 1.39 and a beta of 1.94. Baidu, Inc. has a 1-year low of $160.79 and a 1-year high of $274.97. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34.

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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