November 10, 2019 at 9:51 pm

SG Americas Securities LLC Has $8.48 Million Stock Holdings in Baidu Inc (NASDAQ:BIDU)

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SG Americas Securities LLC lessened its position in Baidu Inc (NASDAQ:BIDU) by 94.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,480 shares of the information services provider’s stock after selling 1,493,983 shares during the period. SG Americas Securities LLC’s holdings in Baidu were worth $8,476,000 as of its most recent filing with the SEC.

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Several other large investors have also recently modified their holdings of the company. First Trust Advisors LP lifted its position in Baidu by 11.7% during the 3rd quarter. First Trust Advisors LP now owns 776,221 shares of the information services provider’s stock worth $79,764,000 after buying an additional 81,474 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Baidu by 2.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 62,706 shares of the information services provider’s stock valued at $6,444,000 after purchasing an additional 1,203 shares during the period. Parallel Advisors LLC lifted its position in Baidu by 17.8% during the 3rd quarter. Parallel Advisors LLC now owns 1,276 shares of the information services provider’s stock valued at $131,000 after purchasing an additional 193 shares during the period. JNBA Financial Advisors acquired a new position in Baidu during the 3rd quarter valued at about $31,000. Finally, Mutual Advisors LLC lifted its position in Baidu by 33.8% during the 3rd quarter. Mutual Advisors LLC now owns 4,285 shares of the information services provider’s stock valued at $440,000 after purchasing an additional 1,082 shares during the period. Institutional investors own 56.45% of the company’s stock.

A number of research analysts have issued reports on the stock. ValuEngine upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group set a $133.00 target price on shares of Baidu and gave the company a “buy” rating in a research report on Friday, October 18th. Zacks Investment Research downgraded shares of Baidu from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. Barclays upped their target price on shares of Baidu from $135.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Daiwa Capital Markets upgraded shares of Baidu from a “hold” rating to an “outperform” rating and upped their target price for the company from $105.00 to $124.00 in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $148.60.

Shares of BIDU stock traded up $2.69 on Friday, reaching $124.56. The company had a trading volume of 10,230,300 shares, compared to its average volume of 3,773,880. The stock has a market cap of $37.75 billion, a PE ratio of 15.97, a PEG ratio of 16.14 and a beta of 1.72. Baidu Inc has a 12 month low of $93.39 and a 12 month high of $196.00. The company has a 50-day moving average of $104.66 and a 200-day moving average of $115.54. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.32.

Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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