Baidu Inc (BIDU) Position Increased by HRT Financial LLC

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HRT Financial LLC lifted its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 34.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,119 shares of the information services provider’s stock after buying an additional 539 shares during the period. HRT Financial LLC’s holdings in Baidu were worth $514,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bartlett & Co. LLC boosted its position in Baidu by 71.0% in the second quarter. Bartlett & Co. LLC now owns 530 shares of the information services provider’s stock worth $129,000 after purchasing an additional 220 shares during the last quarter. BB&T Securities LLC boosted its position in Baidu by 0.6% in the second quarter. BB&T Securities LLC now owns 40,891 shares of the information services provider’s stock worth $9,936,000 after purchasing an additional 239 shares during the last quarter. Elite Wealth Management Inc. boosted its position in Baidu by 5.7% in the first quarter. Elite Wealth Management Inc. now owns 4,739 shares of the information services provider’s stock worth $1,058,000 after purchasing an additional 254 shares during the last quarter. Crawford Investment Counsel Inc. boosted its position in Baidu by 39.6% in the first quarter. Crawford Investment Counsel Inc. now owns 1,199 shares of the information services provider’s stock worth $268,000 after purchasing an additional 340 shares during the last quarter. Finally, Deltec Asset Management LLC boosted its position in Baidu by 19.4% in the second quarter. Deltec Asset Management LLC now owns 2,150 shares of the information services provider’s stock worth $522,000 after purchasing an additional 350 shares during the last quarter. 61.32% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on BIDU. Citigroup dropped their target price on Baidu from $295.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday. They noted that the move was a valuation call. UBS Group set a $280.00 target price on Baidu and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research cut Baidu from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. BidaskClub cut Baidu from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 6th. Finally, Credit Suisse Group set a $313.00 target price on Baidu and gave the stock a “buy” rating in a research report on Monday, October 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $292.95.

Shares of NASDAQ BIDU traded up $6.36 during trading on Friday, hitting $204.36. The company had a trading volume of 3,874,279 shares, compared to its average volume of 3,308,830. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.25. Baidu Inc has a 12 month low of $189.00 and a 12 month high of $284.22. The company has a market capitalization of $79.30 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 0.97 and a beta of 1.49.

Baidu announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 27th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the information services provider to reacquire up to 1.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Baidu Company Profile

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 mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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