2 weeks Ago By ABMN Staff
Vanguard Personalized Indexing Management LLC trimmed its position in Baidu, Inc. ( NASDAQ:BIDU – Free Report ) by 8.0% in the second quarter, according to its most recent filing with the SEC.
The fund owned 3,430 shares of the information services provider’s stock after selling 300 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Baidu were worth $297,000 as of its most recent filing with the SEC. A number of other large investors also recently modified their holdings of the company.
Crossmark Global Holdings Inc. lifted its stake in shares of Baidu by 0.3% in the 4th quarter.
Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider’s stock valued at $3,498,000 after acquiring an additional 99 shares during the last quarter. Guinness Asset Management LTD lifted its stake in shares of Baidu by 4.
4% in the 2nd quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock valued at $204,000 after acquiring an additional 100 shares during the last quarter. Beacon Financial Group lifted its stake in shares of Baidu by 7.
2% in the 4th quarter. Beacon Financial Group now owns 1,894 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 128 shares during the last quarter. Ignite Planners LLC lifted its stake in shares of Baidu by 3.
8% in the 1st quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider’s stock valued at $411,000 after acquiring an additional 139 shares during the last quarter. Finally, Blue Trust Inc.
lifted its stake in shares of Baidu by 9.0% in the 2nd quarter. Blue Trust Inc.
now owns 2,078 shares of the information services provider’s stock valued at $180,000 after acquiring an additional 171 shares during the last quarter. Analyst Upgrades and Downgrades Several brokerages recently issued reports on BIDU. Bank of America lowered their target price on Baidu from $128.
00 to $117.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Citigroup lowered their target price on Baidu from $170.
00 to $155.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Susquehanna lowered their target price on Baidu from $135.
00 to $105.00 and set a “positive” rating for the company in a research report on Thursday, September 5th. HSBC lowered Baidu from a “buy” rating to a “hold” rating and set a $100.
00 target price for the company. in a research report on Tuesday, September 24th. Finally, StockNews.
com lowered Baidu from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.
com, Baidu has a consensus rating of “Moderate Buy” and a consensus price target of $132.13. Baidu Price Performance BIDU stock opened at $105.
17 on Friday. The company has a market capitalization of $36.88 billion, a P/E ratio of 14.
08 and a beta of 0.48. The company has a debt-to-equity ratio of 0.
19, a quick ratio of 2.32 and a current ratio of 2.32.
Baidu, Inc. has a 52-week low of $79.68 and a 52-week high of $136.
53. The business has a 50-day simple moving average of $86.79 and a two-hundred day simple moving average of $95.
19. About Baidu ( Free Report ) Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI.
The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app. Recommended Stories Want to see what other hedge funds are holding BIDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baidu, Inc.
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