Pinkerton Retirement Specialists LLC Raises Stock Holdings in Baidu Inc (NASDAQ:BIDU)

Pinkerton Retirement Specialists LLC boosted its stake in Baidu Inc (NASDAQ:BIDU) by 9.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,600 shares of the information services provider’s stock after buying an additional 939 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Baidu were worth $1,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BIDU. Comerica Securities Inc. increased its holdings in Baidu by 20.6% during the fourth quarter. Comerica Securities Inc. now owns 2,888 shares of the information services provider’s stock valued at $458,000 after buying an additional 493 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Baidu by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 628,173 shares of the information services provider’s stock valued at $99,782,000 after buying an additional 12,720 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Baidu during the first quarter valued at approximately $2,946,000. Creative Financial Designs Inc. ADV boosted its position in shares of Baidu by 4,837.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 395 shares of the information services provider’s stock worth $65,000 after purchasing an additional 387 shares during the period. Finally, Creative Planning boosted its position in shares of Baidu by 11.7% in the first quarter. Creative Planning now owns 40,169 shares of the information services provider’s stock worth $6,622,000 after purchasing an additional 4,215 shares during the period. Hedge funds and other institutional investors own 58.10% of the company’s stock.

Shares of NASDAQ:BIDU traded down $1.57 during midday trading on Friday, reaching $103.88. 108,618 shares of the company were exchanged, compared to its average volume of 4,744,076. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average is $108.47 and its two-hundred day moving average is $140.47. Baidu Inc has a one year low of $93.39 and a one year high of $234.88. The stock has a market cap of $37.98 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 5.52 and a beta of 1.70.



Baidu declared that its Board of Directors has authorized a share buyback program on Thursday, May 16th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the information services provider to buy up to 1.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

A number of equities analysts have weighed in on the stock. Barclays set a $135.00 price target on shares of Baidu and gave the stock a “hold” rating in a research report on Wednesday. Nomura dropped their price target on shares of Baidu from $134.00 to $118.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group reiterated a “hold” rating and issued a $145.00 price target on shares of Baidu in a research report on Friday, July 5th. KeyCorp reiterated an “overweight” rating and issued a $148.00 price target (down from $160.00) on shares of Baidu in a research report on Friday, August 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Baidu from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $165.84.

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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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