Baidu Inc (BIDU) Position Reduced by Ruane Cunniff & Goldfarb Inc.

Ruane Cunniff & Goldfarb Inc. decreased its position in shares of Baidu Inc (NASDAQ:BIDU) by 79.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,917 shares of the information services provider’s stock after selling 1,200,115 shares during the period. Ruane Cunniff & Goldfarb Inc. owned 0.09% of Baidu worth $75,030,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BIDU. Grove Bank & Trust raised its holdings in Baidu by 74.2% during the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock worth $106,000 after purchasing an additional 253 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Baidu in the second quarter worth approximately $112,000. Harbour Capital Advisors LLC grew its position 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 worth $117,000 after buying an additional 20,810 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Baidu by 96.0% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock worth $121,000 after buying an additional 240 shares during the last quarter. Finally, Aviance Capital Management LLC acquired a new position in Baidu in the second quarter worth approximately $124,000.

Baidu Inc (NASDAQ:BIDU) opened at $235.07 on Monday. Baidu Inc has a 52-week low of $160.79 and a 52-week high of $274.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market cap of $81,512.88, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 1.39 and a beta of 1.90.

Several research analysts have issued reports on BIDU shares. Zacks Investment Research upgraded shares of Baidu from a “hold” rating to a “buy” rating and set a $265.00 price target on the stock in a research report on Wednesday, September 27th. restated a “buy” rating and issued a $282.00 price target (up previously from $245.00) on shares of Baidu in a research report on Wednesday, September 27th. Vetr lowered shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 price target on the stock. in a research report on Wednesday, September 13th. Bank of America restated a “buy” rating and issued a $263.00 price target on shares of Baidu in a research report on Monday, September 18th. Finally, Jefferies Group lifted their price target on shares of Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. One 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 company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $236.36.

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About Baidu

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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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