First Republic Investment Management Inc. Sells 2,258 Shares of Baidu Inc (BIDU)

First Republic Investment Management Inc. decreased its position in Baidu Inc (NASDAQ:BIDU) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,165 shares of the information services provider’s stock after selling 2,258 shares during the period. First Republic Investment Management Inc.’s holdings in Baidu were worth $6,233,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BIDU. Schwab Charles Investment Management Inc. boosted its holdings in Baidu by 17.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 11,626 shares of the information services provider’s stock valued at $2,006,000 after acquiring an additional 1,747 shares during the last quarter. Acadian Asset Management LLC bought a new position in Baidu in the second quarter valued at about $423,000. HL Financial Services LLC boosted its holdings in Baidu by 0.8% in the second quarter. HL Financial Services LLC now owns 3,726 shares of the information services provider’s stock valued at $666,000 after acquiring an additional 31 shares during the last quarter. Trexquant Investment LP bought a new position in Baidu in the second quarter valued at about $537,000. Finally, Teacher Retirement System of Texas boosted its holdings in Baidu by 11.0% in the second quarter. Teacher Retirement System of Texas now owns 61,817 shares of the information services provider’s stock valued at $11,057,000 after acquiring an additional 6,126 shares during the last quarter. Institutional investors and hedge funds own 64.04% of the company’s stock.

Several equities analysts recently issued reports on BIDU shares. Vetr cut Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 price target on the stock. in a report on Tuesday, September 19th. Barclays set a $250.00 target price on Baidu and gave the stock a “hold” rating in a report on Thursday, October 19th. Credit Suisse Group restated an “outperform” rating on shares of Baidu in a report on Thursday, August 31st. Citigroup restated a “hold” rating and set a $253.00 target price on shares of Baidu in a report on Thursday, September 14th. Finally, Macquarie restated a “top pick” rating on shares of Baidu in a report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $236.36.

Shares of Baidu Inc (NASDAQ:BIDU) opened at $234.59 on Friday. The company has a market capitalization of $80,798.55, a PE ratio of 29.50, a PEG ratio of 1.38 and a beta of 1.89. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34. Baidu Inc has a 1 year low of $162.02 and a 1 year high of $274.97.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/12/10/first-republic-investment-management-inc-sells-2258-shares-of-baidu-inc-bidu.html.

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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply