What is this?

HISWAI shows you what’s connected to topics that interest you, and where to find more. HISWAI members can curate information with dashboards to gain insights, proper context and stay up to date on the latest relevant information. Sharing these discoveries with others is easy too!

help

Want to know more?

Private Advisor Group LLC Reduces Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

< Go Back

Date: 2023-01-03 09:11:21

Tags for this article:

Article Text:

Baidu logoPrivate Advisor Group LLC reduced its stake in Baidu, Inc. (NASDAQ:BIDUGet Rating) by 23.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,879 shares of the information services provider’s stock after selling 1,461 shares during the period. Private Advisor Group LLC’s holdings in Baidu were worth $573,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Baidu by 134.8% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 162,243 shares of the information services provider’s stock worth $21,586,000 after acquiring an additional 93,158 shares during the last quarter. Natixis Advisors L.P. purchased a new position in shares of Baidu during the first quarter worth approximately $1,343,000. APG Asset Management N.V. grew its position in shares of Baidu by 63.5% during the first quarter. APG Asset Management N.V. now owns 93,985 shares of the information services provider’s stock worth $11,175,000 after acquiring an additional 36,500 shares during the last quarter. Hardman Johnston Global Advisors LLC grew its position in shares of Baidu by 14.7% during the first quarter. Hardman Johnston Global Advisors LLC now owns 2,609 shares of the information services provider’s stock worth $345,000 after acquiring an additional 335 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in shares of Baidu by 25.8% during the first quarter. Cibc World Market Inc. now owns 5,499 shares of the information services provider’s stock worth $728,000 after acquiring an additional 1,127 shares during the last quarter. 23.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BIDU shares. Susquehanna lowered their target price on shares of Baidu from $195.00 to $150.00 in a research report on Wednesday, December 14th. Bank of America reissued a “buy” rating and issued a $224.00 target price on shares of Baidu in a report on Monday, November 28th. Sanford C. Bernstein raised their target price on Baidu from $92.00 to $109.00 in a report on Wednesday, November 23rd. Susquehanna Bancshares reduced their target price on Baidu from $195.00 to $150.00 in a report on Wednesday, December 14th. Finally, Citigroup reduced their target price on Baidu from $169.00 to $166.00 and set a “buy” rating for the company in a report on Wednesday, November 23rd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $176.61.

Baidu Trading Down 0.6 %

Baidu stock opened at $114.38 on Tuesday. The stock has a market cap of $39.52 billion, a PE ratio of 70.17, a P/E/G ratio of 0.88 and a beta of 0.63. The stock has a 50-day moving average price of $100.84 and a 200 day moving average price of $121.53. Baidu, Inc. has a 52 week low of $73.58 and a 52 week high of $171.87. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.28.

Baidu Company Profile

(Get Rating)

Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; and Haokan, a short video app.

Featured Stories

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.

Original Source: https://reporter.am/2023/01/03/private-advisor-group-llc-reduces-stock-holdings-in-baidu-inc-nasdaqbidu.html