Oppenheimer & Co. Inc. Sells 729 Shares of Baidu Inc (BIDU)
Oppenheimer & Co. Inc. reduced its stake in shares of Baidu Inc (NASDAQ:BIDU) by 4.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,636 shares of the information services provider’s stock after selling 729 shares during the period. Oppenheimer & Co. Inc.’s holdings in Baidu were worth $3,873,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of BIDU. Grove Bank & Trust increased its holdings in Baidu by 74.2% during the 2nd quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock worth $106,000 after purchasing an additional 253 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of Baidu in the second quarter valued at approximately $112,000. Harbour Capital Advisors LLC grew its holdings in shares of Baidu by 17,786.3% in the second quarter. Harbour Capital Advisors LLC now owns 20,927 shares of the information services provider’s stock valued at $117,000 after acquiring an additional 20,810 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Baidu by 96.0% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock valued at $121,000 after acquiring an additional 240 shares in the last quarter. Finally, Aviance Capital Management LLC bought a new position in shares of Baidu in the second quarter valued at approximately $124,000. 64.42% of the stock is owned by hedge funds and other institutional investors.
Baidu Inc (NASDAQ BIDU) opened at $249.42 on Friday. Baidu Inc has a 12 month low of $160.79 and a 12 month high of $274.97. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $86,568.63, a P/E ratio of 31.60, a P/E/G ratio of 1.48 and a beta of 1.94.
Several equities analysts have recently issued reports on the company. Bank of America Corporation reaffirmed a “buy” rating and issued a $301.00 target price on shares of Baidu in a report on Sunday, November 19th. Oppenheimer Holdings, Inc. upped their target price on Baidu from $250.00 to $295.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. Barclays PLC set a $240.00 target price on Baidu and gave the company a “hold” rating in a report on Monday, October 30th. J P Morgan Chase & Co reduced their target price on Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Finally, Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $277.19 target price for the company in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $236.36.
COPYRIGHT VIOLATION NOTICE: “Oppenheimer & Co. Inc. Sells 729 Shares of Baidu Inc (BIDU)” was first posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/oppenheimer-co-inc-sells-729-shares-of-baidu-inc-bidu/1725080.html.
Baidu Company Profile
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.
Want to see what other hedge funds are holding BIDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baidu Inc (NASDAQ:BIDU).
Receive News & Ratings for Baidu Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.