Baidu, Inc. (NASDAQ:BIDU) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC reduced its position in Baidu, Inc. (NASDAQ:BIDUGet Rating) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,762 shares of the information services provider’s stock after selling 93 shares during the period. Regal Investment Advisors LLC’s holdings in Baidu were worth $762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Dodge & Cox lifted its stake in shares of Baidu by 8.6% in the 4th quarter. Dodge & Cox now owns 6,831,355 shares of the information services provider’s stock valued at $1,016,437,000 after purchasing an additional 543,004 shares during the period. State Street Corp lifted its stake in shares of Baidu by 1.4% in the 4th quarter. State Street Corp now owns 5,601,587 shares of the information services provider’s stock valued at $833,460,000 after purchasing an additional 74,626 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Baidu by 0.5% in the 1st quarter. Baillie Gifford & Co. now owns 3,746,926 shares of the information services provider’s stock valued at $495,719,000 after purchasing an additional 18,238 shares during the period. Black Creek Investment Management Inc. lifted its stake in shares of Baidu by 16.3% in the 1st quarter. Black Creek Investment Management Inc. now owns 3,301,560 shares of the information services provider’s stock valued at $436,796,000 after purchasing an additional 462,936 shares during the period. Finally, ARGA Investment Management LP lifted its stake in shares of Baidu by 57.4% in the 1st quarter. ARGA Investment Management LP now owns 2,653,659 shares of the information services provider’s stock valued at $351,079,000 after purchasing an additional 968,082 shares during the period. 71.75% of the stock is currently owned by institutional investors and hedge funds.

Baidu Trading Down 1.6 %

NASDAQ BIDU opened at $137.82 on Friday. The firm’s 50-day moving average is $143.92 and its two-hundred day moving average is $141.01. Baidu, Inc. has a 12 month low of $101.62 and a 12 month high of $182.60. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.10 and a quick ratio of 3.10. The stock has a market capitalization of $47.62 billion, a P/E ratio of -18.43, a PEG ratio of 1.30 and a beta of 0.70.

Analysts Set New Price Targets

Several brokerages recently commented on BIDU. JPMorgan Chase & Co. boosted their price target on shares of Baidu from $145.00 to $160.00 in a report on Monday, July 18th. Benchmark cut their price target on shares of Baidu from $330.00 to $270.00 and set a “buy” rating for the company in a report on Friday, May 27th. Citigroup boosted their price target on shares of Baidu from $221.00 to $223.00 and gave the stock a “buy” rating in a report on Friday, May 27th. Daiwa Capital Markets cut their price target on shares of Baidu from $215.00 to $210.00 in a report on Tuesday, July 19th. Finally, Barclays cut their price target on shares of Baidu from $243.00 to $235.00 and set an “overweight” rating for the company in a report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Baidu currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.06.

About Baidu

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Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; and Haokan, a short video app.

See Also

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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