We Are One Seven LLC Has $479,000 Holdings in Baidu Inc (NASDAQ:BIDU)

We Are One Seven LLC lessened its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,666 shares of the information services provider’s stock after selling 134 shares during the period. We Are One Seven LLC’s holdings in Baidu were worth $479,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BIDU. First Trust Advisors LP lifted its holdings in shares of Baidu by 15.0% during the 1st quarter. First Trust Advisors LP now owns 470,656 shares of the information services provider’s stock worth $77,588,000 after acquiring an additional 61,431 shares during the period. MARSHALL WACE ASIA Ltd bought a new stake in shares of Baidu during the 1st quarter worth approximately $5,023,000. Marshall Wace LLP lifted its holdings in shares of Baidu by 2,767.4% during the 1st quarter. Marshall Wace LLP now owns 117,336 shares of the information services provider’s stock worth $19,343,000 after acquiring an additional 113,244 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Baidu during the 1st quarter worth approximately $1,005,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Baidu by 6.9% during the 1st quarter. Nordea Investment Management AB now owns 233,492 shares of the information services provider’s stock worth $38,492,000 after acquiring an additional 15,075 shares during the period. Hedge funds and other institutional investors own 56.74% of the company’s stock.

A number of analysts have recently weighed in on BIDU shares. ValuEngine raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. UBS Group reissued a “hold” rating and issued a $145.00 price objective on shares of Baidu in a research note on Friday, July 5th. Zacks Investment Research raised shares of Baidu from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 17th. KeyCorp reissued an “overweight” rating and issued a $148.00 price objective (down previously from $160.00) on shares of Baidu in a research note on Friday, August 9th. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of Baidu from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $151.22.

Shares of NASDAQ:BIDU opened at $104.66 on Friday. The firm has a 50 day simple moving average of $104.41 and a 200 day simple moving average of $124.78. The company has a market cap of $34.90 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 13.09 and a beta of 1.74. Baidu Inc has a one year low of $93.39 and a one year high of $206.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 2.61.

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 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.

Further Reading: Buyback For Investors Defined

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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