Investec Asset Management LTD now owns 1,202,148 shares of the information services provider's stock worth $297,760,000 after purchasing an additional 1,166,606 shares during the last quarter. Capital World Investors now owns 9,726,375 shares of the information services provider's stock worth $1,739,659,000 after purchasing an additional 3,419,291 shares during the last quarter. Altrinsic Global Advisors Llc who had been investing in Baidu Inc for a number of months, seems to be bullish on the $79.74B market cap company.
The stock decreased 1.10% or $2.54 during the last trading session, reaching $229.21. The institutional investor owned 196,135 shares of the information services provider's stock after purchasing an additional 2,876 shares during the period.
ETRADE Capital Management LLC trimmed its position in Baidu Inc (NASDAQ:BIDU) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. It has underperformed by 4.68% the S&P500.
Oppenheimer Asset Management Inc, which manages about $12.85B and $3.62 billion US Long portfolio, decreased its stake in Devon Energy Corp New (NYSE:DVN) by 43,935 shares to 87,471 shares, valued at $2.80 million in 2017Q2, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 31,205 shares in the quarter, leaving it with 416,159 shares, and cut its stake in Hdfc Bank Ltd (NYSE:HDB). Baidu Inc Ads Each Repr 0.10 Ord Class "A" Share now has $80.21B valuation. (NASDAQ:BIDU) news were published by: Investorplace.com which released: "Why Baidu Inc (ADR) Stock Could See a 20% Rally" on November 20, 2017, also Investorplace.com with their article: "Baidu Inc Stock Is Poised to Take on Google If It Must" published on November 28, 2017, Investorplace.com published: "AI News: Baidu, Xiaomi Are Teaming Up on IoT" on November 28, 2017. After $3.62 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -58.01% negative EPS growth. (NASDAQ:JD) were released by: Investorplace.com and their article: "JD.Com Inc (ADR) Stock Is Red-Hot After Singles Day Success" published on November 13, 2017 as well as Investorplace.com's news article titled: "JD.Com Inc Stock Surges on Q3 Revenue Beat" with publication date: November 13, 2017. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. Therefore 38% are positive. The firm has "Buy" rating by Jefferies given on Monday, August 31. Vetr downgraded Baidu from a "strong-buy" rating to a "buy" rating and set a $265.83 price target for the company.in a research report on Tuesday, September 19th. The firm earned "Neutral" rating on Friday, October 28 by Credit Suisse. Macquarie Research upgraded Baidu, Inc. (NASDAQ:BIDU) has "Hold" rating given on Tuesday, July 28 by Brean Capital. The firm has "Sell" rating by Bernstein given on Friday, July 14. Cantor Fitzgerald initiated it with "Underweight" rating and $126 target in Monday, December 19 report. Baidu has an average rating of "Buy" and an average price target of $236.36. The rating was upgraded by UBS on Monday, October 30 to "Buy". KeyBanc Capital Markets downgraded the shares of BIDU in report on Tuesday, July 28 to "Sector Weight" rating.
Shares of Baidu Inc (NASDAQ BIDU) opened at $231.75 on Wednesday.