Baidu, Inc. (NASDAQ:BIDU) Position Raised by Marathon Asset Management LLP

Paterniano Del Favero
Agosto 13, 2017

BidaskClub raised shares of Baidu from a "sell" rating to a "hold" rating in a report on Thursday, June 22nd. 1 investment expert has recommended the share with a sell recommendation, around ten have issued a hold recommendation, thirteen has issued a buy recommendation and 1 have issued a strong buy recommendation to the share. the share presently has a consensus rating of Buy and an average price target of $209.80. Baidu now has a consensus rating of "Buy" and an average price target of $209.80.

Several analysts recently issued reports on BIDU shares. Jefferies raised the price target on Baidu from $188.00 to $208.00 and issued the company a buy recommendation in a study note on early Mon, May 1st. Finally, J P Morgan Chase & Co reaffirmed a "neutral" rating and set a $190.00 target price on shares of Baidu in a research note on Friday, April 28th. Credit Suisse Group reaffirmed a hold rating and issued a $180.00 price target on shares of Baidu in a research note on Friday, April 28th.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another website, it was illegally copied and reposted in violation of global trademark and copyright legislation. The correct version of this news story can be viewed at https://rinconhillneighbors.org/2017/08/12/pillar-pacific-capital-management-llc-lowers-position-in-baidu-inc-bidu-updated.html. Lazard Asset Management LLC increased its position in Baidu by 2.4% in the first quarter. Grove Bank & Trust now owns 594 shares of the information services provider's stock valued at $106,000 after buying an additional 253 shares in the last quarter. Barnett & Company Inc. raised its stake in Baidu by 10.3% in the first quarter. IFP Advisors Inc now owns 1,596 shares of the information services provider's stock worth $275,000 after buying an additional 9 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of Baidu by 4.4% in the second quarter. UBS Asset Management Americas Inc. now owns 3,456,384 shares of the information services provider's stock worth $568,265,000 after buying an additional 883,702 shares in the last quarter. Grove Bank & Trust increased its stake in Baidu by 74.2% in the second quarter. Harris Associates L P now owns 6,948,582 shares of the information services provider's stock worth $1,198,769,000 after buying an additional 572,298 shares during the last quarter. Finally, State Street Corp increased its position in Baidu by 5.7% in the first quarter. Ameritas Investment Partners Inc. now owns 4,949 shares of the information services provider's stock worth $854,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Shares of Baidu (BIDU) opened at 223.49 on Friday. 3,329,940 shares of the company traded hands. Baidu, Inc. has a 52 week low of $159.54 and a 52 week high of $233.37. The firm's 50 day moving average price is $198.76 and its 200-day moving average price is $183.92. Company has a valuation of $77.36 B, a price to earnings ratio of 41.811 along with a stock beta of 1.95. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) were released by: Livetradingnews.com and their article: "Baidu Inc (ADR) (NASDAQ:BIDU) Microsoft Azure Cloud" published on July 19, 2017 as well as Investorplace.com's news article titled: "Baidu Inc (ADR) (BIDU) Begins Self-Driving Cars Test" with publication date: July 13, 2017.

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