Baidu (BIDU) Position Lowered by Bamco Inc. NY

Bamco Inc. NY cut its position in shares of Baidu (NASDAQ:BIDU) by 31.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 548,957 shares of the information services provider’s stock after selling 255,618 shares during the period. Bamco Inc. NY owned approximately 0.16% of Baidu worth $122,522,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BIDU. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Baidu by 8,004.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 599,337 shares of the information services provider’s stock worth $140,371,000 after purchasing an additional 591,942 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Baidu by 174.8% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 500,450 shares of the information services provider’s stock valued at $117,210,000 after buying an additional 318,310 shares during the period. Barings LLC purchased a new stake in Baidu in the 4th quarter valued at about $51,526,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in Baidu by 156.2% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 345,085 shares of the information services provider’s stock valued at $80,822,000 after buying an additional 210,404 shares during the period. Finally, OppenheimerFunds Inc. boosted its position in Baidu by 8.8% in the 4th quarter. OppenheimerFunds Inc. now owns 2,529,237 shares of the information services provider’s stock valued at $592,372,000 after buying an additional 204,004 shares during the period. 62.71% of the stock is owned by hedge funds and other institutional investors.

NASDAQ BIDU opened at $279.68 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.34. Baidu has a one year low of $271.95 and a one year high of $277.43. The company has a market capitalization of $94.29 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 1.47 and a beta of 1.87.

Several equities research analysts have issued reports on BIDU shares. BidaskClub cut shares of Baidu from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Jefferies Group cut shares of Baidu from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Barclays boosted their price objective on shares of Baidu from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Nomura cut shares of Baidu from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. Finally, OTR Global cut shares of Baidu to a “positive” rating in a research report on Monday, February 5th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company. Baidu currently has an average rating of “Buy” and a consensus target price of $281.40.

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)

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