ANTIPODES PARTNERS Ltd lessened its position in shares of Baidu Inc (NASDAQ:BIDU) by 99.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,467 shares of the information services provider’s stock after selling 428,817 shares during the quarter. Baidu comprises 0.0% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 26th biggest holding. ANTIPODES PARTNERS Ltd’s holdings in Baidu were worth $356,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in BIDU. Regal Wealth Group Inc. purchased a new position in Baidu in the third quarter worth approximately $32,000. Griffin Asset Management Inc. acquired a new stake in shares of Baidu in the second quarter valued at $27,000. Motco acquired a new stake in shares of Baidu in the second quarter valued at $28,000. Atlas Capital Advisors LLC acquired a new stake in shares of Baidu in the third quarter valued at $25,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Baidu in the second quarter valued at $31,000. Hedge funds and other institutional investors own 52.16% of the company’s stock.
BIDU has been the topic of a number of analyst reports. CICC Research upgraded Baidu from a “neutral” rating to an “outperform” rating in a research note on Thursday, November 7th. BidaskClub lowered Baidu from a “sell” rating to a “strong sell” rating in a report on Monday, November 18th. Barclays set a $135.00 price target on Baidu and gave the stock a “hold” rating in a report on Wednesday, August 21st. Zacks Investment Research raised Baidu from a “hold” rating to a “strong-buy” rating and set a $136.00 price target on the stock in a report on Thursday, November 14th. Finally, Sanford C. Bernstein raised Baidu from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $118.00 to $139.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Baidu has a consensus rating of “Buy” and a consensus price target of $146.00.
NASDAQ BIDU traded down $0.59 on Wednesday, hitting $114.21. The stock had a trading volume of 1,826,495 shares, compared to its average volume of 3,725,542. Baidu Inc has a one year low of $93.39 and a one year high of $186.22. The stock has a market cap of $41.41 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 15.60 and a beta of 1.77. The company’s 50-day moving average is $112.26 and its two-hundred day moving average is $109.97. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.35.
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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