Baidu, Inc. (NASDAQ:BIDU) is ANTIPODES PARTNERS Ltd’s Largest Position
ANTIPODES PARTNERS Ltd increased its stake in Baidu, Inc. (NASDAQ:BIDU) by 30.4% during the second quarter, Holdings Channel reports. The institutional investor owned 447,798 shares of the information services provider’s stock after buying an additional 104,309 shares during the period. Baidu makes up 10.5% of ANTIPODES PARTNERS Ltd’s holdings, making the stock its largest position. ANTIPODES PARTNERS Ltd’s holdings in Baidu were worth $80,093,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in BIDU. Barnett & Company Inc. raised its stake in Baidu by 10.3% in the first quarter. Barnett & Company Inc. now owns 800 shares of the information services provider’s stock valued at $138,000 after buying an additional 75 shares in the last quarter. IHT Wealth Management LLC raised its stake in Baidu by 6.0% in the first quarter. IHT Wealth Management LLC now owns 1,141 shares of the information services provider’s stock valued at $197,000 after buying an additional 65 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Baidu during the first quarter valued at $202,000. ProVise Management Group LLC bought a new stake in Baidu during the first quarter valued at $202,000. Finally, LLBH Private Wealth Management LLC bought a new stake in Baidu during the first quarter valued at $210,000. 64.41% of the stock is owned by institutional investors and hedge funds.
Shares of Baidu, Inc. (NASDAQ:BIDU) opened at 182.93 on Tuesday. The company’s 50-day moving average price is $183.83 and its 200-day moving average price is $177.30. Baidu, Inc. has a 52-week low of $155.28 and a 52-week high of $197.80. The firm has a market capitalization of $63.45 billion, a P/E ratio of 39.93 and a beta of 1.91.
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Several research firms have recently weighed in on BIDU. Jefferies Group LLC raised their price objective on Baidu from $188.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Benchmark Co. began coverage on Baidu in a research note on Tuesday, April 18th. They set a “buy” rating and a $190.00 price objective for the company. TheStreet lowered Baidu from a “b-” rating to a “c+” rating in a research note on Thursday, June 22nd. ValuEngine raised Baidu from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, HSBC Holdings plc reaffirmed a “buy” rating and issued a $223.00 target price on shares of Baidu in a research report on Monday. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $188.02.
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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