Wealth Advisors LLC Purchases New Position in Baidu Inc (NASDAQ:BIDU)

Marco Green
March 14, 2018

The hedge fund held 78,379 shares of the electronic components company at the end of 2017Q3, valued at $6.77M, down from 120,942 at the end of the previous reported quarter. The company has market cap of $9.48 billion. The company's stock had a trading volume of 2,574,341 shares, compared to its average volume of 3,290,000. About 2.98M shares traded. Iron Mountain Incorporated (IRM) has declined 3.72% since March 13, 2017 and is downtrending.

Southeastern Asset Management Inc decreased Baidu Inc. Trilogy Global Advisors Lp sold 203,426 shares as the company's stock rose 1.94% with the market. Navellier & Associates Inc now owns 6,180 shares of the information services provider's stock valued at $1,447,000 after purchasing an additional 2,244 shares during the last quarter. Baidu Inc has a 1-year low of $166.00 and a 1-year high of $274.97. The stock decreased 6.03% or $0.995 during the last trading session, reaching $15.515.

Schooner Capital Corp holds 100% of its portfolio in Iron Mountain Incorporated for 4.61 million shares. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since March 12, 2017 and is uptrending. It has underperformed by 4.68% the S&P500. BidaskClub upgraded shares of Baidu from a "sell" rating to a "hold" rating in a research report on Thursday, January 11th. Therefore 38% are positive. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. The firm has "Hold" rating given on Wednesday, September 30 by Summit Research. As per Friday, October 20, the company rating was maintained by Jefferies. The rating was maintained by Oppenheimer with "Buy" on Friday, July 28. The firm has "Neutral" rating given on Monday, June 13 by Citigroup. The firm has "Hold" rating by Nomura given on Monday, January 29. More interesting news about Baidu, Inc. Zacks Investment Research cut Baidu from a "buy" rating to a "hold" rating in a report on Monday, December 18th. Suntrust Robinson initiated the stock with "Buy" rating in Thursday, February 18 report. The firm has "Buy" rating given on Monday, August 31 by Jefferies.

Analysts await Baidu, Inc.

ILLEGAL ACTIVITY WARNING: "Baidu (NASDAQ:BIDU) Getting Somewhat Positive Media Coverage, Study Finds" was originally reported by BBNS and is the sole property of of BBNS. They expect $1.11 earnings per share, up 68.18% or $0.45 from last year's $0.66 per share. BIDU's profit will be $386.46 million for 58.15 P/E if the $1.11 EPS becomes a reality. It also increased its holding in Makemytrip Limited Mauritius (NASDAQ:MMYT) by 225,415 shares in the quarter, for a total of 554,146 shares, and has risen its stake in Qualcomm Inc (NASDAQ:QCOM).

Yiheng Capital LLC reduced its stake in shares of Baidu Inc (NASDAQ:BIDU) by 23.6% in the fourth quarter, Holdings Channel reports.

Aravt Global Llc, which manages about $1.01B US Long portfolio, decreased its stake in Paypal Hldgs Inc by 534,000 shares to 1.83M shares, valued at $117.08 million in 2017Q3, according to the filing.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. On Friday, July 28 the stock rating was maintained by Jefferies with "Buy". The rating was downgraded by Morgan Stanley on Tuesday, January 17 to "Equal-Weight". Finally, Daiwa Capital Markets raised shares of Baidu from a "hold" rating to an "outperform" rating in a research report on Wednesday, February 14th. As per Tuesday, October 3, the company rating was maintained by KeyBanc Capital Markets. (NASDAQ:BIDU) earned "Neutral" rating by Credit Suisse on Friday, October 28. The rating was initiated by Cowen & Co with "Market Perform" on Monday, April 11. The firm has "Outperform" rating given on Thursday, July 30 by Credit Agricole. Deutsche Bank maintained Genpact Limited (NYSE:G) rating on Thursday, August 3.

Investors sentiment increased to 1.72 in 2017 Q3. Its the same as in 2017Q2. (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 (ADR) Is On Sale â€" Add to Cart" published on October 27, 2017, Investorplace.com published: "Baidu Inc (ADR) Stock Is a Solid Bet After Earnings Spike" on February 14, 2018. 174.78 million shares or 1.13% less from 176.78 million shares in 2017Q2 were reported. Ahl Prns Ltd Liability Partnership, United Kingdom-based fund reported 63,971 shares. Proshare Advsrs Limited Co holds 137,232 shares. Villere St Denis J Ltd Liability Corporation has 0.02% invested in Facebook, Inc. Farmers & Merchants Investments holds 514 shares or 0% of its portfolio. Rafferty Asset Mgmt Lc reported 22,983 shares or 0.04% of all its holdings. About 1.61 million shares traded. (NASDAQ:FB). Peapack Gladstone Corp has invested 0.32% in Facebook, Inc.

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