2,885 Shares in Baidu Inc (BIDU) Acquired by Tech Square Trading LP

Share on StockTwits

Tech Square Trading LP acquired a new position in Baidu Inc (NASDAQ:BIDU) during the 1st quarter, Holdings Channel reports. The fund acquired 2,885 shares of the information services provider’s stock, valued at approximately $476,000.

Several other institutional investors have also modified their holdings of BIDU. Whittier Trust Co. of Nevada Inc. bought a new stake in Baidu in the 4th quarter worth about $26,000. First Personal Financial Services grew its position in Baidu by 70.7% in the 4th quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Rational Advisors LLC grew its position in Baidu by 1,400.0% in the 4th quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock worth $33,000 after purchasing an additional 196 shares in the last quarter. Semmax Financial Advisors Inc. bought a new stake in Baidu in the 4th quarter worth about $33,000. Finally, Oakworth Capital Inc. bought a new stake in Baidu in the 4th quarter worth about $39,000. 59.79% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on BIDU shares. Credit Suisse Group set a $221.00 price objective on shares of Baidu and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Daiwa Capital Markets set a $215.00 price objective on shares of Baidu and gave the stock a “buy” rating in a research report on Friday, March 8th. Benchmark reaffirmed a “buy” rating and issued a $245.00 price objective (down from $260.00) on shares of Baidu in a research report on Friday, February 22nd. Mizuho reduced their price objective on shares of Baidu from $215.00 to $205.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Finally, KeyCorp set a $179.00 price objective on shares of Baidu and gave the stock a “buy” rating in a research report on Friday, May 17th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $196.13.

Shares of Baidu stock traded up $1.01 on Monday, reaching $114.47. 4,902,873 shares of the company traded hands, compared to its average volume of 6,034,807. Baidu Inc has a 52 week low of $113.30 and a 52 week high of $274.00. The company has a market capitalization of $39.99 billion, a P/E ratio of 14.68, a P/E/G ratio of 6.22 and a beta of 1.44. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.34.

Baidu declared that its board has authorized a share buyback plan on Thursday, May 16th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the information services provider to repurchase up to 1.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: “2,885 Shares in Baidu Inc (BIDU) Acquired by Tech Square Trading LP” was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/4354206/2885-shares-in-baidu-inc-bidu-acquired-by-tech-square-trading-lp.html.

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.

Featured Story: What strategies should day traders use to execute a trade?

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 (NASDAQ:BIDU).

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Autoliv  PT Lowered to $62.00 at Buckingham Research
Autoliv PT Lowered to $62.00 at Buckingham Research
Shotspotter  Cut to “Market Perform” at Northland Securities
Shotspotter Cut to “Market Perform” at Northland Securities
Buckingham Research Increases Sonic Automotive  Price Target to $20.00
Buckingham Research Increases Sonic Automotive Price Target to $20.00
Vail Resorts  Earns Market Perform Rating from Analysts at Wells Fargo & Co
Vail Resorts Earns Market Perform Rating from Analysts at Wells Fargo & Co
Johnson Outdoors  Downgraded by Sidoti
Johnson Outdoors Downgraded by Sidoti
Autoliv  Stock Rating Upgraded by Robert W. Baird
Autoliv Stock Rating Upgraded by Robert W. Baird


© 2006-2019 Ticker Report