Unigestion Holding SA lessened its stake in Baidu Inc (NASDAQ:BIDU) by 39.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,200 shares of the information services provider’s stock after selling 14,100 shares during the period. Unigestion Holding SA’s holdings in Baidu were worth $4,848,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in Baidu by 14.0% in the 1st quarter. Principal Financial Group Inc. now owns 4,759 shares of the information services provider’s stock valued at $1,062,000 after buying an additional 586 shares during the last quarter. Confluence Investment Management LLC bought a new position in Baidu in the 2nd quarter valued at $365,000. NN Investment Partners Holdings N.V. boosted its position in Baidu by 15.1% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 46,561 shares of the information services provider’s stock valued at $11,315,000 after buying an additional 6,098 shares during the last quarter. Palo Capital Inc. bought a new position in Baidu in the 2nd quarter valued at $452,000. Finally, Mckinley Capital Management LLC Delaware boosted its position in Baidu by 8.1% in the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 11,446 shares of the information services provider’s stock valued at $2,781,000 after buying an additional 862 shares during the last quarter. 60.90% of the stock is currently owned by institutional investors.
A number of brokerages have commented on BIDU. Barclays set a $250.00 price objective on Baidu and gave the company a “hold” rating in a research report on Thursday, October 18th. ValuEngine lowered Baidu from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded Baidu from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. BidaskClub upgraded Baidu from a “strong sell” rating to a “sell” rating in a research report on Friday, September 14th. Finally, Susquehanna Bancshares started coverage on Baidu in a research report on Friday, September 7th. They issued a “positive” rating and a $325.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $278.86.
BIDU stock opened at $183.75 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.19 and a current ratio of 2.66. The firm has a market capitalization of $67.76 billion, a PE ratio of 21.40, a P/E/G ratio of 1.00 and a beta of 1.61. Baidu Inc has a twelve month low of $177.80 and a twelve month high of $284.22.
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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, such as search and browsing, and their demographics; 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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