Baidu Inc (NASDAQ:BIDU) Stock Holdings Lessened by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in Baidu Inc (NASDAQ:BIDU) by 94.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 82,480 shares of the information services provider’s stock after selling 1,493,983 shares during the quarter. SG Americas Securities LLC’s holdings in Baidu were worth $8,476,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Tweedy Browne Co LLC lifted its position in Baidu by 64.8% in the 2nd quarter. Tweedy Browne Co LLC now owns 2,367,889 shares of the information services provider’s stock valued at $277,895,000 after purchasing an additional 930,874 shares during the last quarter. Prudential PLC increased its stake in Baidu by 44.5% during the 2nd quarter. Prudential PLC now owns 2,216,196 shares of the information services provider’s stock valued at $259,933,000 after buying an additional 681,970 shares during the period. Nuveen Asset Management LLC increased its stake in Baidu by 1,299.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 677,245 shares of the information services provider’s stock valued at $79,482,000 after buying an additional 628,859 shares during the period. Bank of Montreal Can increased its stake in Baidu by 67.6% during the 2nd quarter. Bank of Montreal Can now owns 1,328,677 shares of the information services provider’s stock valued at $155,933,000 after buying an additional 535,992 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Baidu by 99.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,001,898 shares of the information services provider’s stock valued at $117,583,000 after buying an additional 499,128 shares during the period. Institutional investors own 56.45% of the company’s stock.

Shares of Baidu stock traded up $2.69 during trading on Friday, hitting $124.56. The stock had a trading volume of 10,230,300 shares, compared to its average volume of 3,773,880. The stock has a 50 day simple moving average of $104.66 and a 200 day simple moving average of $115.54. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. Baidu Inc has a 1 year low of $93.39 and a 1 year high of $196.00. The company has a market capitalization of $37.75 billion, a PE ratio of 15.97, a P/E/G ratio of 16.14 and a beta of 1.72.

Several research firms have commented on BIDU. Sanford C. Bernstein raised shares of Baidu from a “market perform” rating to an “outperform” rating and raised their target price for the company from $118.00 to $139.00 in a research note on Friday. Daiwa Capital Markets raised shares of Baidu from a “hold” rating to an “outperform” rating and raised their target price for the company from $105.00 to $124.00 in a research note on Friday. HSBC raised their target price on shares of Baidu from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Credit Suisse Group reissued an “outperform” rating on shares of Baidu in a research note on Wednesday, July 17th. Finally, ValuEngine raised shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $148.60.

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 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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