Ausdal Financial Partners Inc. reduced its stake in Baidu Inc. (NASDAQ:BIDU) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 1,397 shares of the company’s stock after selling 3 shares during the period. Ausdal Financial Partners Inc.’s holdings in Baidu were worth $231,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. boosted its stake in Baidu by 0.8% in the second quarter. Cornerstone Advisors Inc. now owns 605 shares of the company’s stock valued at $100,000 after buying an additional 5 shares during the period. Huntington National Bank boosted its stake in Baidu by 38.2% in the second quarter. Huntington National Bank now owns 622 shares of the company’s stock valued at $103,000 after buying an additional 172 shares during the period. Signaturefd LLC boosted its stake in Baidu by 45.0% in the second quarter. Signaturefd LLC now owns 741 shares of the company’s stock valued at $122,000 after buying an additional 230 shares during the period. WealthTrust Arizona LLC boosted its stake in Baidu by 12.1% in the second quarter. WealthTrust Arizona LLC now owns 777 shares of the company’s stock valued at $128,000 after buying an additional 84 shares during the period. Finally, Barnett & Company Inc. acquired a new stake in Baidu during the first quarter valued at $164,000. Institutional investors and hedge funds own 63.41% of the company’s stock.
Baidu Inc. (NASDAQ:BIDU) traded up 0.58% during trading on Friday, reaching $175.62. The company had a trading volume of 1,369,537 shares. Baidu Inc. has a 52 week low of $139.61 and a 52 week high of $217.97. The firm has a market capitalization of $60.87 billion, a P/E ratio of 12.93 and a beta of 2.17. The stock has a 50 day moving average price of $182.74 and a 200 day moving average price of $175.11.
Several equities research analysts have weighed in on BIDU shares. Brean Capital reiterated a “buy” rating on shares of Baidu in a report on Wednesday, July 6th. Vetr cut Baidu from a “strong-buy” rating to a “buy” rating and set a $180.48 price objective for the company. in a report on Thursday, June 30th. Deutsche Bank AG reiterated a “buy” rating and issued a $182.00 price objective (down previously from $199.00) on shares of Baidu in a report on Monday, August 1st. Jefferies Group reiterated a “buy” rating and issued a $188.00 price objective on shares of Baidu in a report on Monday, October 3rd. Finally, TH Capital cut Baidu from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $195.46.
Baidu Company Profile
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.
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