Baidu (BIDU) Shares Sold by Symmetry Peak Management LLC

Symmetry Peak Management LLC lessened its stake in shares of Baidu (NASDAQ:BIDU) by 94.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,600 shares of the information services provider’s stock after selling 101,400 shares during the period. Baidu comprises approximately 1.0% of Symmetry Peak Management LLC’s investment portfolio, making the stock its 22nd largest holding. Symmetry Peak Management LLC’s holdings in Baidu were worth $1,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commerce Bank grew its position in shares of Baidu by 8.1% in the third quarter. Commerce Bank now owns 2,807 shares of the information services provider’s stock valued at $696,000 after purchasing an additional 210 shares during the last quarter. Hollencrest Capital Management boosted its stake in shares of Baidu by 12.8% in the fourth quarter. Hollencrest Capital Management now owns 1,870 shares of the information services provider’s stock valued at $438,000 after buying an additional 212 shares during the period. Whittier Trust Co. boosted its stake in shares of Baidu by 88.5% in the fourth quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock valued at $115,000 after buying an additional 230 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Baidu by 96.0% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock valued at $121,000 after buying an additional 240 shares during the period. Finally, Hosking Partners LLP boosted its stake in shares of Baidu by 0.4% in the third quarter. Hosking Partners LLP now owns 72,854 shares of the information services provider’s stock valued at $18,045,000 after buying an additional 268 shares during the period. Institutional investors and hedge funds own 63.16% of the company’s stock.

How to Become a New Pot Stock Millionaire

Baidu stock opened at $219.82 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.30. Baidu has a 52 week low of $171.17 and a 52 week high of $274.97. The company has a market cap of $78,218.66, a price-to-earnings ratio of 27.27, a PEG ratio of 1.40 and a beta of 1.88.

Several equities research analysts recently issued reports on BIDU shares. ValuEngine upgraded Baidu from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Deutsche Bank assumed coverage on Baidu in a research note on Thursday, March 15th. They set a “buy” rating and a $319.00 target price for the company. Barclays upped their target price on Baidu from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Jefferies Group cut Baidu from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, BidaskClub upgraded Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Baidu currently has a consensus rating of “Buy” and a consensus price target of $256.22.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/08/baidu-inc-bidu-position-decreased-by-symmetry-peak-management-llc.html.

Baidu 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.

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.

Leave a Reply