JustInvest LLC Increases Position in Baidu, Inc. (NASDAQ:BIDU)

JustInvest LLC raised its position in Baidu, Inc. (NASDAQ:BIDU) by 11.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,355 shares of the information services provider’s stock after purchasing an additional 251 shares during the quarter. JustInvest LLC’s holdings in Baidu were worth $362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ieq Capital LLC raised its position in Baidu by 97.8% in the third quarter. Ieq Capital LLC now owns 3,460 shares of the information services provider’s stock valued at $532,000 after purchasing an additional 1,711 shares during the period. Toronto Dominion Bank raised its position in Baidu by 9.6% in the third quarter. Toronto Dominion Bank now owns 732 shares of the information services provider’s stock valued at $113,000 after purchasing an additional 64 shares during the period. Swiss National Bank raised its position in Baidu by 3.3% in the third quarter. Swiss National Bank now owns 676,266 shares of the information services provider’s stock valued at $103,976,000 after purchasing an additional 21,794 shares during the period. Banco Santander S.A. increased its position in shares of Baidu by 8.2% during the third quarter. Banco Santander S.A. now owns 2,497 shares of the information services provider’s stock worth $384,000 after acquiring an additional 189 shares during the period. Finally, Malaga Cove Capital LLC increased its position in shares of Baidu by 3.5% during the third quarter. Malaga Cove Capital LLC now owns 2,832 shares of the information services provider’s stock worth $435,000 after acquiring an additional 95 shares during the period. 42.43% of the stock is currently owned by institutional investors.

NASDAQ BIDU opened at $154.53 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.91 and a quick ratio of 2.91. Baidu, Inc. has a 1 year low of $132.14 and a 1 year high of $354.82. The company has a market capitalization of $53.79 billion, a PE ratio of 26.51, a P/E/G ratio of 10.74 and a beta of 1.02. The company has a fifty day moving average of $150.65 and a two-hundred day moving average of $160.70.

BIDU has been the topic of a number of recent research reports. Zacks Investment Research lowered Baidu from a “hold” rating to a “strong sell” rating in a research report on Tuesday. TheStreet lowered Baidu from a “b-” rating to a “c” rating in a research report on Monday, November 22nd. Benchmark cut their price objective on Baidu from $357.00 to $330.00 and set a “buy” rating on the stock in a research report on Thursday, November 18th. Citigroup upped their price objective on Baidu from $254.00 to $258.00 and gave the stock a “buy” rating in a research report on Thursday, November 18th. Finally, Barclays initiated coverage on Baidu in a research report on Tuesday, November 2nd. They set an “overweight” rating and a $243.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $285.44.

Baidu Company Profile

Baidu, Inc engages in the provision of internet search and online marketing solutions. The firm’s products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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