Baidu, Inc. (BIDU) Stake Decreased by Stifel Financial Corp
Stifel Financial Corp lessened its holdings in shares of Baidu, Inc. (NASDAQ:BIDU) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,427 shares of the information services provider’s stock after selling 153 shares during the period. Stifel Financial Corp’s holdings in Baidu were worth $2,932,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Grove Bank & Trust raised its holdings in shares of Baidu by 74.2% during the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock valued at $106,000 after buying an additional 253 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Baidu during the second quarter worth approximately $112,000. Highstreet Asset Management Inc. bought a new stake in Baidu during the second quarter worth approximately $146,000. Integrated Investment Consultants LLC bought a new stake in Baidu during the second quarter worth approximately $152,000. Finally, Chicago Partners Investment Group LLC bought a new stake in Baidu during the second quarter worth approximately $171,000. 64.15% of the stock is currently owned by institutional investors.
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Baidu, Inc. (NASDAQ BIDU) opened at 259.33 on Friday. The firm has a market cap of $89.93 billion, a price-to-earnings ratio of 47.27 and a beta of 1.99. Baidu, Inc. has a 52-week low of $159.54 and a 52-week high of $263.44. The firm’s 50-day moving average is $238.03 and its 200-day moving average is $201.99.
Several equities research analysts recently commented on the company. BidaskClub raised Baidu from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $265.83 target price on the stock in a report on Tuesday, September 26th. Wells Fargo & Company assumed coverage on Baidu in a report on Tuesday, September 26th. They set an “outperform” rating and a $290.00 target price on the stock. Jefferies Group LLC reissued a “buy” rating and set a $208.00 target price on shares of Baidu in a report on Monday, June 19th. Finally, Macquarie raised Baidu from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $189.00 to $252.00 in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $223.12.
Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
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