AGF Investments Inc. decreased its stake in Baidu Inc (NASDAQ:BIDU) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,625 shares of the company’s stock after selling 2,255 shares during the period. AGF Investments Inc.’s holdings in Baidu were worth $2,577,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Raymond James Trust bought a new stake in shares of Baidu during the fourth quarter valued at approximately $256,000. Cadinha & Co. LLC acquired a new stake in shares of Baidu during the fourth quarter valued at $284,000. RNC Capital Management boosted its stake in shares of Baidu by 6.7% in the fourth quarter. RNC Capital Management now owns 1,600 shares of the company’s stock valued at $302,000 after buying an additional 100 shares during the period. Nippon Life Insurance Co. acquired a new stake in shares of Baidu during the fourth quarter valued at $365,000. Finally, Advisory Services Network LLC boosted its stake in shares of Baidu by 1,318.8% in the fourth quarter. Advisory Services Network LLC now owns 2,270 shares of the company’s stock valued at $429,000 after buying an additional 2,110 shares during the period.

Baidu Inc (NASDAQ:BIDU) opened at 154.82 on Wednesday. The firm has a market cap of $53.51 billion and a P/E ratio of 30.07. Baidu Inc has a 52-week low of $100.00 and a 52-week high of $223.95. The company’s 50 day moving average is $178.48 and its 200-day moving average is $172.28.

Several brokerages have weighed in on BIDU. Deutsche Bank lifted their price objective on shares of Baidu from $179.00 to $189.00 and gave the stock a “hold” rating in a research note on Friday, October 30th. Brean Capital reiterated a “hold” rating on shares of Baidu in a research note on Friday, October 30th. Piper Jaffray lifted their price objective on shares of Baidu from $210.00 to $220.00 in a research note on Friday, October 30th. Barclays lifted their price objective on shares of Baidu from $189.00 to $203.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. Finally, Jefferies Group lifted their price objective on shares of Baidu from $210.00 to $219.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $214.99.

Baidu, Inc. (NASDAQ:BIDU) is a Chinese-language Internet search provider (ISP). Baidu serves three types of online participants, which include users, customers and Baidu Union Members. The Company offers a Chinese-language search platform on its Website, Baidu.com. It provides Chinese-language Internet search services to enable users to find relevant information online, including Web pages, news, images, documents and multimedia files, through links provided on its Websites. It designs and delivers its online marketing services primarily on its Baidu.com Website to its online marketing customers. As of December 31, 2014 the Company had approximately 813,000 active online marketing customers. Its online marketing customers consist of small and medium enterprises (SMEs) throughout China, domestic companies and Chinese divisions or subsidiaries of multinational companies.

12 Month Chart for NASDAQ:BIDU

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