Intellectus Partners LLC Reduces Stake in Baidu Inc (NASDAQ:BIDU)

Intellectus Partners LLC reduced its position in Baidu Inc (NASDAQ:BIDU) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,861 shares of the information services provider’s stock after selling 115 shares during the period. Baidu accounts for about 1.0% of Intellectus Partners LLC’s holdings, making the stock its 19th largest holding. Intellectus Partners LLC’s holdings in Baidu were worth $2,246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its holdings in Baidu by 7.4% during the 3rd quarter. Pacer Advisors Inc. now owns 18,773 shares of the information services provider’s stock valued at $1,929,000 after buying an additional 1,298 shares during the last quarter. Gradient Investments LLC boosted its holdings in Baidu by 909.1% in the third quarter. Gradient Investments LLC now owns 555 shares of the information services provider’s stock valued at $57,000 after acquiring an additional 500 shares during the last quarter. Perpetual Ltd boosted its holdings in Baidu by 20.1% in the third quarter. Perpetual Ltd now owns 44,266 shares of the information services provider’s stock valued at $4,549,000 after acquiring an additional 7,405 shares during the last quarter. Hexavest Inc. boosted its holdings in Baidu by 7.5% in the third quarter. Hexavest Inc. now owns 34,316 shares of the information services provider’s stock valued at $3,526,000 after acquiring an additional 2,385 shares during the last quarter. Finally, Anderson Hoagland & Co. boosted its holdings in Baidu by 42.6% in the third quarter. Anderson Hoagland & Co. now owns 7,487 shares of the information services provider’s stock valued at $782,000 after acquiring an additional 2,237 shares during the last quarter. 56.74% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:BIDU traded up $2.11 during mid-day trading on Friday, hitting $105.96. The company had a trading volume of 83,271 shares, compared to its average volume of 3,490,272. The business has a fifty day simple moving average of $104.46 and a 200-day simple moving average of $125.09. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.32. Baidu Inc has a 1 year low of $93.39 and a 1 year high of $206.65. The firm has a market capitalization of $34.77 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 13.04 and a beta of 1.74.

BIDU has been the topic of a number of research analyst reports. Barclays set a $135.00 target price on Baidu and gave the company a “hold” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. initiated coverage on Baidu in a report on Wednesday, July 10th. They issued an “overweight” rating on the stock. CLSA set a $138.00 target price on Baidu and gave the company a “buy” rating in a report on Monday, July 8th. Zacks Investment Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, UBS Group reiterated a “hold” rating and issued a $145.00 target price on shares of Baidu in a report on Friday, July 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $151.22.

About Baidu

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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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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