C WorldWide Group Holding A S Sells 6,604 Shares of Baidu Inc (BIDU)

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C WorldWide Group Holding A S lessened its stake in shares of Baidu Inc (NASDAQ:BIDU) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245,265 shares of the information services provider’s stock after selling 6,604 shares during the period. Baidu accounts for about 0.7% of C WorldWide Group Holding A S’s portfolio, making the stock its 17th biggest position. C WorldWide Group Holding A S owned about 0.07% of Baidu worth $56,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Baidu by 14.0% in the 1st quarter. Principal Financial Group Inc. now owns 4,759 shares of the information services provider’s stock valued at $1,062,000 after purchasing an additional 586 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of Baidu by 17.4% in the 2nd quarter. DAVENPORT & Co LLC now owns 3,031 shares of the information services provider’s stock valued at $737,000 after purchasing an additional 450 shares during the last quarter. Bellecapital International Ltd. increased its stake in shares of Baidu by 22.4% in the 2nd quarter. Bellecapital International Ltd. now owns 19,984 shares of the information services provider’s stock valued at $4,856,000 after purchasing an additional 3,653 shares during the last quarter. Pure Financial Advisors Inc. bought a new position in shares of Baidu in the 2nd quarter valued at $217,000. Finally, Handelsbanken Fonder AB increased its stake in shares of Baidu by 3.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 286,304 shares of the information services provider’s stock valued at $69,572,000 after purchasing an additional 8,660 shares during the last quarter. Hedge funds and other institutional investors own 60.90% of the company’s stock.

NASDAQ BIDU opened at $192.44 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.19 and a current ratio of 2.19. Baidu Inc has a twelve month low of $177.80 and a twelve month high of $284.22. The firm has a market cap of $67.51 billion, a P/E ratio of 23.88, a PEG ratio of 0.97 and a beta of 1.61.

Several equities analysts have recently issued reports on the company. BidaskClub upgraded Baidu from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. ValuEngine lowered Baidu from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays set a $250.00 price target on Baidu and gave the company a “hold” rating in a research note on Thursday, October 18th. Zacks Investment Research lowered Baidu from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Finally, Susquehanna Bancshares assumed coverage on Baidu in a research note on Friday, September 7th. They issued a “positive” rating and a $325.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Baidu has an average rating of “Buy” and an average target price of $278.86.

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About Baidu

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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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