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Baidu, Inc. (BIDU) Shares Bought by Highland Capital Management LLC
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Several other institutional investors have also added to or reduced their stakes in the stock. Barnett & Company Inc. boosted its position in Baidu by 10.3% in the first quarter. Barnett & Company Inc. now owns 800 shares of the information services provider’s stock valued at $138,000 after buying an additional 75 shares during the period. Integrated Investment Consultants LLC acquired a new position in Baidu during the second quarter valued at approximately $152,000. IHT Wealth Management LLC boosted its position in Baidu by 6.0% in the first quarter. IHT Wealth Management LLC now owns 1,141 shares of the information services provider’s stock valued at $197,000 after buying an additional 65 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Baidu during the first quarter valued at approximately $202,000. Finally, ProVise Management Group LLC acquired a new position in Baidu during the first quarter valued at approximately $202,000. Institutional investors own 64.44% of the company’s stock.
Baidu, Inc. (NASDAQ BIDU) traded down 0.15% during midday trading on Friday, hitting $191.04. The stock had a trading volume of 623,527 shares. The firm has a market cap of $66.27 billion, a P/E ratio of 41.71 and a beta of 1.91. Baidu, Inc. has a 52 week low of $156.23 and a 52 week high of $197.80. The stock has a 50-day moving average of $182.55 and a 200-day moving average of $179.29.
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BIDU has been the subject of several research analyst reports. Vetr cut Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 target price for the company. in a research note on Monday, May 8th. Jefferies Group LLC increased their target price on Baidu from $188.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Benchmark Co. initiated coverage on Baidu in a research note on Tuesday, April 18th. They set a “buy” rating and a $190.00 target price for the company. HSBC Holdings plc reiterated a “buy” rating and set a $223.00 target price on shares of Baidu in a research note on Monday, July 10th. Finally, TheStreet cut Baidu from a “b-” rating to a “c+” rating in a research note on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $189.02.
About Baidu
Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
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