Knights of Columbus Asset Advisors LLC Increases Position in Baidu, Inc. (NASDAQ:BIDU)

Knights of Columbus Asset Advisors LLC grew its holdings in Baidu, Inc. (NASDAQ:BIDU) by 14.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,839 shares of the information services provider’s stock after buying an additional 1,139 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Baidu were worth $1,359,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ashmore Group plc grew its stake in shares of Baidu by 31.0% in the second quarter. Ashmore Group plc now owns 241,401 shares of the information services provider’s stock worth $49,221,000 after acquiring an additional 57,080 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of Baidu by 100.1% during the second quarter. Itau Unibanco Holding S.A. now owns 76,089 shares of the information services provider’s stock worth $15,515,000 after purchasing an additional 38,064 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in shares of Baidu by 3.2% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 68,563 shares of the information services provider’s stock worth $13,979,000 after purchasing an additional 2,111 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Baidu by 328.9% during the second quarter. Cubist Systematic Strategies LLC now owns 13,309 shares of the information services provider’s stock worth $2,714,000 after purchasing an additional 10,206 shares in the last quarter. Finally, Banque Pictet & Cie SA grew its stake in shares of Baidu by 1,257.3% during the second quarter. Banque Pictet & Cie SA now owns 185,741 shares of the information services provider’s stock worth $4,769,000 after purchasing an additional 172,056 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

Shares of NASDAQ:BIDU opened at $154.53 on Friday. The company has a 50-day simple moving average of $150.58 and a 200-day simple moving average of $160.35. Baidu, Inc. has a one year low of $132.14 and a one year high of $354.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.91 and a current ratio of 2.91. The stock has a market capitalization of $53.79 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 10.74 and a beta of 1.02.

A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Baidu from a “hold” rating to a “strong sell” rating in a research note on Tuesday. UBS Group boosted their target price on shares of Baidu from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. Citigroup boosted their target price on shares of Baidu from $254.00 to $258.00 and gave the stock a “buy” rating in a research note on Thursday, November 18th. Benchmark lowered their target price on shares of Baidu from $357.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, November 18th. Finally, TheStreet downgraded shares of Baidu from a “b-” rating to a “c” rating in a research note on Monday, November 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Baidu has a consensus rating of “Buy” and an average price target of $285.44.

Baidu Profile

Baidu, Inc engages in the provision of internet search and online marketing solutions. The firm’s products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI.

Featured Article: How big is the FinTech market?

Want to see what other hedge funds are holding BIDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baidu, Inc. (NASDAQ:BIDU).

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.