Intellectus Partners LLC lessened its stake in shares of Baidu Inc (NASDAQ:BIDU) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,861 shares of the information services provider’s stock after selling 115 shares during the period. Baidu makes up approximately 1.0% of Intellectus Partners LLC’s holdings, making the stock its 19th largest holding. Intellectus Partners LLC’s holdings in Baidu were worth $2,246,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in BIDU. First Trust Advisors LP boosted its position in Baidu by 15.0% during the first quarter. First Trust Advisors LP now owns 470,656 shares of the information services provider’s stock valued at $77,588,000 after purchasing an additional 61,431 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Baidu by 4.0% during the first quarter. Commonwealth Equity Services LLC now owns 37,211 shares of the information services provider’s stock valued at $6,134,000 after acquiring an additional 1,421 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in Baidu during the first quarter valued at approximately $5,023,000. Marshall Wace LLP raised its position in Baidu by 2,767.4% during the first quarter. Marshall Wace LLP now owns 117,336 shares of the information services provider’s stock valued at $19,343,000 after acquiring an additional 113,244 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in Baidu during the first quarter valued at approximately $1,005,000. Institutional investors own 56.74% of the company’s stock.
NASDAQ BIDU traded up $2.11 during trading hours on Friday, hitting $105.96. 83,271 shares of the company were exchanged, compared to its average volume of 3,490,272. The company has a 50 day moving average of $104.46 and a two-hundred day moving average of $125.09. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. Baidu Inc has a 52-week low of $93.39 and a 52-week high of $206.65. The firm has a market cap of $34.77 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 13.04 and a beta of 1.74.
Several research analysts recently weighed in on the company. Nomura reduced their price target on Baidu from $134.00 to $118.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. Daiwa Capital Markets set a $108.00 price target on Baidu and gave the stock a “hold” rating in a research note on Friday, August 30th. Macquarie set a $131.00 price target on Baidu and gave the stock a “hold” rating in a research note on Thursday, July 4th. JPMorgan Chase & Co. started coverage on Baidu in a research note on Wednesday, July 10th. They issued an “overweight” rating on the stock. Finally, CLSA set a $138.00 price target on Baidu and gave the stock a “buy” rating in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. Baidu currently has an average rating of “Hold” and a consensus price target of $151.22.
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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.
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