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Somewhat Positive News Coverage Somewhat Unlikely to Impact Baidu (BIDU) Share Price

07 Décembre 2017

ETRADE Capital Management LLC trimmed its position in Baidu Inc (NASDAQ:BIDU) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. Ltd. now owns 490 shares of the information services provider's stock valued at $121,000 after purchasing an additional 240 shares in the last quarter. Nordea Investment Management AB owned 0.06% of Baidu worth $48,581,000 at the end of the most recent quarter. It also increased its holding in Consol Energy Inc (NYSE:CNX) by 877,478 shares in the quarter, for a total of 6.36M shares, and has risen its stake in Retrophin Inc (NASDAQ:RTRX). Capital World Investors now owns 9,726,375 shares of the information services provider's stock worth $1,739,659,000 after buying an additional 3,419,291 shares during the period. The stock decreased 1.27% or $2.95 during the last trading session, reaching $228.8. Finally, ING Groep NV lifted its holdings in shares of Baidu by 317.8% in the third quarter. Morningstar Investment Services LLC now owns 67,158 shares of the information services provider's stock worth $16,634,000 after acquiring an additional 5,010 shares in the last quarter. Cambiar Investors LLC acquired a new stake in Baidu during the second quarter worth about $274,670,000. Finally, Vetr raised Baidu from a "buy" rating to a "strong-buy" rating and set a $277.19 target price on the stock in a report on Monday, October 30th.

Shares of Baidu Inc (NASDAQ BIDU) traded up 0.62% during midday trading on Thursday, reaching $187.26. The Night Owl Capital Management Llc holds 23,377 shares with $4.18M value, down from 34,793 last quarter. Institutional investors and hedge funds own 64.04% of the company's stock.

A number of other large investors have also bought and sold shares of BIDU. OTR Global raised shares of Baidu to a "positive" rating in a report on Wednesday, October 25th. The rating was maintained by Jefferies on Friday, October 20 with "Buy". Baidu has an average rating of "Hold" and a consensus target price of $186.63. Zacks Investment Research raised Baidu from a "hold" rating to a "buy" rating and set a $265.00 price target on the stock in a research report on Wednesday, September 27th. reissued a "buy" rating and issued a $282.00 target price (up previously from $245.00) on shares of Baidu in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. They presently have a $301.00 price target on the information services provider's stock. Cantor Fitzgerald initiated Baidu, Inc. The company has a market cap of $79,636.91, a PE ratio of 29.07, a PEG ratio of 1.36 and a beta of 1.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71.

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Baidu, Inc is a Chinese language Internet search provider. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, including Web pages, news, images, documents, and multimedia files through links provided on its Website; and transaction platform, including Nuomi.com to connect online and offline services provided by third-parties.

Baidu, Inc. provides Internet search services in China and internationally.

Somewhat Positive News Coverage Somewhat Unlikely to Impact Baidu (BIDU) Share Price