Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 3,998 Shares of Baidu, Inc. (NASDAQ:BIDU)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in shares of Baidu, Inc. (NASDAQ:BIDUFree Report) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,969 shares of the information services provider’s stock after selling 3,998 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Baidu were worth $4,429,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new stake in shares of Baidu in the 3rd quarter worth $1,841,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Baidu during the 3rd quarter worth $203,000. Ausdal Financial Partners Inc. purchased a new stake in shares of Baidu during the 3rd quarter worth $216,000. Pathstone Family Office LLC lifted its stake in shares of Baidu by 95.5% during the 3rd quarter. Pathstone Family Office LLC now owns 7,590 shares of the information services provider’s stock worth $1,020,000 after purchasing an additional 3,708 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Baidu by 5.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,074 shares of the information services provider’s stock worth $547,000 after purchasing an additional 195 shares during the last quarter. 21.22% of the stock is currently owned by hedge funds and other institutional investors.

Baidu Stock Up 2.4 %

Shares of BIDU stock opened at $105.69 on Monday. The stock has a 50 day moving average of $111.19 and a 200 day moving average of $121.78. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.23. Baidu, Inc. has a twelve month low of $97.51 and a twelve month high of $160.53.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Baidu from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday, October 19th. Susquehanna decreased their price target on Baidu from $175.00 to $150.00 and set a “positive” rating for the company in a research note on Monday, November 27th. Nomura Instinet upgraded Baidu from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Wednesday, November 22nd. Nomura upgraded Baidu from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Wednesday, November 22nd. Finally, Barclays decreased their price target on Baidu from $183.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, November 1st. Seventeen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $177.00.

Get Our Latest Stock Report on Baidu

Baidu Company Profile

(Free Report)

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; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.

See Also

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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