Baidu Inc (BIDU) Shares Bought by Ibex Investors LLC
Ibex Investors LLC increased its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 185.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,614 shares of the information services provider’s stock after buying an additional 6,244 shares during the quarter. Baidu accounts for approximately 1.2% of Ibex Investors LLC’s holdings, making the stock its 16th largest holding. Ibex Investors LLC’s holdings in Baidu were worth $2,199,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Federated Investors Inc. PA acquired a new stake in Baidu during the 2nd quarter worth $108,000. Flagship Harbor Advisors LLC acquired a new stake in Baidu during the 2nd quarter worth $119,000. Toronto Dominion Bank raised its stake in Baidu by 5,050.0% during the 3rd quarter. Toronto Dominion Bank now owns 618 shares of the information services provider’s stock worth $141,000 after buying an additional 606 shares during the period. Centaurus Financial Inc. acquired a new stake in Baidu during the 2nd quarter worth $150,000. Finally, CENTRAL TRUST Co raised its stake in Baidu by 116.0% during the 3rd quarter. CENTRAL TRUST Co now owns 741 shares of the information services provider’s stock worth $170,000 after buying an additional 398 shares during the period. 60.81% of the stock is currently owned by institutional investors and hedge funds.
BIDU has been the topic of several research analyst reports. ValuEngine downgraded Baidu from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. BidaskClub downgraded Baidu from a “sell” rating to a “strong sell” rating in a research note on Friday, August 17th. Susquehanna Bancshares initiated coverage on Baidu in a research note on Friday, September 7th. They set a “positive” rating and a $325.00 price objective on the stock. Credit Suisse Group set a $313.00 target price on Baidu and gave the stock a “buy” rating in a report on Monday, October 1st. Finally, Zacks Investment Research cut Baidu from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $277.15.
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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.
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