Baidu Inc (BIDU) Shares Sold by Sawtooth Solutions LLC

Share on StockTwits

Sawtooth Solutions LLC cut its stake in Baidu Inc (NASDAQ:BIDU) by 14.4% during the third quarter, Holdings Channel reports. The firm owned 2,198 shares of the information services provider’s stock after selling 370 shares during the period. Sawtooth Solutions LLC’s holdings in Baidu were worth $503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in Baidu by 31,003.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,103,867 shares of the information services provider’s stock worth $1,547,000 after acquiring an additional 1,100,318 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Baidu by 51.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,916,981 shares of the information services provider’s stock worth $708,826,000 after acquiring an additional 990,424 shares in the last quarter. Waddell & Reed Financial Inc. bought a new position in Baidu during the 2nd quarter worth about $222,598,000. Mainstay Capital Management LLC ADV bought a new position in Baidu during the 2nd quarter worth about $3,069,000. Finally, Acadian Asset Management LLC grew its holdings in Baidu by 1,443.7% during the 2nd quarter. Acadian Asset Management LLC now owns 679,601 shares of the information services provider’s stock worth $165,141,000 after acquiring an additional 635,577 shares in the last quarter. Hedge funds and other institutional investors own 60.84% of the company’s stock.

Several research analysts have issued reports on BIDU shares. Zacks Investment Research cut shares of Baidu from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Deutsche Bank set a $337.00 target price on shares of Baidu and gave the stock a “buy” rating in a report on Wednesday, August 1st. BidaskClub lowered shares of Baidu from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. KeyCorp set a $297.00 price target on shares of Baidu and gave the company a “buy” rating in a research report on Wednesday, August 1st. Finally, UBS Group set a $280.00 price target on shares of Baidu and gave the company a “buy” rating in a research report on Tuesday, October 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $295.71.

Shares of Baidu stock opened at $183.37 on Wednesday. The company has a market capitalization of $65.37 billion, a P/E ratio of 22.75, a P/E/G ratio of 1.01 and a beta of 1.49. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.25. Baidu Inc has a 52 week low of $177.80 and a 52 week high of $284.22.

Baidu Company Profile

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.

Featured Article: Insider Trading – What You Need to Know

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