Bank of Montreal Can Lowers Position in Baidu Inc (BIDU)

Bank of Montreal Can trimmed its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 7.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 202,993 shares of the information services provider’s stock after selling 15,303 shares during the quarter. Bank of Montreal Can owned 0.06% of Baidu worth $47,543,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BIDU. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Baidu by 96.0% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock worth $121,000 after acquiring an additional 240 shares in the last quarter. Aviance Capital Management LLC bought a new position in shares of Baidu during the 2nd quarter worth approximately $124,000. Invictus RG bought a new position in shares of Baidu during the 3rd quarter worth approximately $193,000. Wellington Shields Capital Management LLC bought a new position in shares of Baidu during the 3rd quarter worth approximately $208,000. Finally, Wellington Shields & Co. LLC bought a new position in shares of Baidu during the 3rd quarter worth approximately $211,000. 63.94% of the stock is owned by institutional investors and hedge funds.

Baidu Inc (BIDU) opened at $255.98 on Friday. Baidu Inc has a 52 week low of $166.00 and a 52 week 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 firm has a market cap of $88,880.00, a price-to-earnings ratio of 35.90, a P/E/G ratio of 1.54 and a beta of 1.89.

Several equities analysts have recently weighed in on BIDU shares. Jefferies Group raised their price target on shares of Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Bank of America reaffirmed a “buy” rating and set a $301.00 price target on shares of Baidu in a research note on Sunday, November 19th. OTR Global raised shares of Baidu to a “positive” rating in a research note on Wednesday, October 25th. JPMorgan Chase & Co. decreased their price target on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Finally, Barclays set a $240.00 target price on shares of Baidu and gave the company a “hold” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $237.26.

ILLEGAL ACTIVITY WARNING: “Bank of Montreal Can Lowers Position in Baidu Inc (BIDU)” was first posted by Week Herald and is owned by of Week Herald. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://weekherald.com/2018/01/21/bank-of-montreal-can-lowers-position-in-baidu-inc-bidu.html.

Baidu 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).

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply