46,310 Shares in Baidu Inc (BIDU) Purchased by Totem Point Management LLC

Totem Point Management LLC purchased a new stake in Baidu Inc (NASDAQ:BIDU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 46,310 shares of the information services provider’s stock, valued at approximately $7,345,000. Baidu comprises 5.5% of Totem Point Management LLC’s portfolio, making the stock its 8th biggest position.

Other hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in Baidu during the 4th quarter worth approximately $26,000. First Personal Financial Services grew its stake in shares of Baidu by 70.7% during the 4th quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock worth $27,000 after acquiring an additional 70 shares in the last quarter. Regal Wealth Group Inc. bought a new position in shares of Baidu during the 4th quarter worth approximately $32,000. Rational Advisors LLC grew its stake in shares of Baidu by 1,400.0% during the 4th quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock worth $33,000 after acquiring an additional 196 shares in the last quarter. Finally, Semmax Financial Advisors Inc. bought a new position in shares of Baidu during the 4th quarter worth approximately $33,000. 62.13% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Baidu from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. TheStreet cut shares of Baidu from a “b-” rating to a “c+” rating in a research note on Friday, December 21st. Daiwa Capital Markets set a $215.00 price target on shares of Baidu and gave the stock a “buy” rating in a research note on Friday, March 8th. Sanford C. Bernstein reaffirmed a “mkt perform” rating on shares of Baidu in a research note on Monday, January 14th. Finally, Credit Suisse Group set a $246.00 price target on shares of Baidu and gave the stock a “buy” rating in a research note on Sunday, December 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $248.94.



Shares of NASDAQ BIDU traded up $2.64 during trading hours on Friday, hitting $170.38. The company had a trading volume of 37,362 shares, compared to its average volume of 3,180,200. The company has a market cap of $58.17 billion, a PE ratio of 21.84, a PEG ratio of 1.51 and a beta of 1.47. The company has a current ratio of 2.73, a quick ratio of 2.66 and a debt-to-equity ratio of 0.31. Baidu Inc has a 1-year low of $153.78 and a 1-year high of $284.22.

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Baidu Company 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; 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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