Baidu Inc (NASDAQ:BIDU) Position Reduced by BB&T Securities LLC

BB&T Securities LLC decreased its position in shares of Baidu Inc (NASDAQ:BIDU) by 6.1% 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 20,160 shares of the information services provider’s stock after selling 1,315 shares during the period. BB&T Securities LLC’s holdings in Baidu were worth $2,080,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Whittier Trust Co. raised its holdings in Baidu by 14.5% during the third quarter. Whittier Trust Co. now owns 790 shares of the information services provider’s stock worth $81,000 after purchasing an additional 100 shares in the last quarter. Guinness Asset Management Ltd raised its holdings in Baidu by 9.6% during the third quarter. Guinness Asset Management Ltd now owns 1,140 shares of the information services provider’s stock worth $117,000 after purchasing an additional 100 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of Baidu by 7.4% in the second quarter. Synovus Financial Corp now owns 1,832 shares of the information services provider’s stock valued at $214,000 after buying an additional 127 shares in the last quarter. Pinnacle Bank increased its holdings in shares of Baidu by 61.7% in the third quarter. Pinnacle Bank now owns 333 shares of the information services provider’s stock valued at $34,000 after buying an additional 127 shares in the last quarter. Finally, Callahan Advisors LLC increased its holdings in shares of Baidu by 1.9% in the second quarter. Callahan Advisors LLC now owns 7,367 shares of the information services provider’s stock valued at $865,000 after buying an additional 135 shares in the last quarter. 56.45% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ BIDU opened at $107.36 on Thursday. Baidu Inc has a twelve month low of $93.39 and a twelve month high of $196.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market cap of $36.55 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 15.63 and a beta of 1.72. The firm’s 50 day moving average price is $104.07 and its two-hundred day moving average price is $116.03.

BIDU has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on Baidu in a report on Wednesday, July 10th. They issued an “overweight” rating on the stock. Jefferies Financial Group set a $133.00 price target on Baidu and gave the company a “buy” rating in a report on Friday, October 18th. ValuEngine raised Baidu from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Nomura dropped their price target on Baidu from $134.00 to $118.00 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. Finally, Daiwa Capital Markets set a $108.00 price target on Baidu and gave the company a “hold” rating in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $149.84.

About Baidu

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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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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