Wunderlich Capital Managemnt Has $1.45 Million Stock Holdings in Baidu Inc (NASDAQ:BIDU)

Wunderlich Capital Managemnt lifted its holdings in Baidu Inc (NASDAQ:BIDU) by 66.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,390 shares of the information services provider’s stock after buying an additional 4,962 shares during the period. Wunderlich Capital Managemnt’s holdings in Baidu were worth $1,454,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. American Beacon Advisors Inc. raised its holdings in Baidu by 71.2% during the first quarter. American Beacon Advisors Inc. now owns 202 shares of the information services provider’s stock valued at $33,000 after buying an additional 84 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of Baidu by 19.5% in the first quarter. FinTrust Capital Advisors LLC now owns 700 shares of the information services provider’s stock worth $116,000 after purchasing an additional 114 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its stake in shares of Baidu by 7.5% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,640 shares of the information services provider’s stock worth $270,000 after purchasing an additional 114 shares during the period. Synovus Financial Corp increased its stake in shares of Baidu by 7.4% in the second quarter. Synovus Financial Corp now owns 1,832 shares of the information services provider’s stock worth $214,000 after purchasing an additional 127 shares during the period. Finally, Callahan Advisors LLC increased its stake in shares of Baidu by 1.9% in the second quarter. Callahan Advisors LLC now owns 7,367 shares of the information services provider’s stock worth $865,000 after purchasing an additional 135 shares during the period. 56.39% of the stock is owned by institutional investors and hedge funds.

BIDU has been the topic of a number of recent analyst reports. CLSA set a $138.00 price objective on Baidu and gave the stock a “buy” rating in a research note on Monday, July 8th. Zacks Investment Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 17th. UBS Group reiterated a “hold” rating and issued a $145.00 price objective on shares of Baidu in a research note on Friday, July 5th. Nomura dropped their price objective on Baidu from $134.00 to $118.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. Finally, Loop Capital initiated coverage on Baidu in a research note on Monday, June 3rd. They issued a “hold” rating and a $125.00 price objective on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $151.06.



BIDU stock traded down $2.59 during trading on Friday, reaching $105.18. 1,192,903 shares of the stock were exchanged, compared to its average volume of 3,512,696. Baidu Inc has a twelve month low of $93.39 and a twelve month high of $234.88. The company has a market capitalization of $38.09 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 14.29 and a beta of 1.73. The stock has a 50 day simple moving average of $103.79 and a 200-day simple moving average of $131.87. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.32.

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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