Sigma Planning Corp Takes Position in Baidu, Inc. (BIDU)

Sigma Planning Corp purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 1,562 shares of the information services provider’s stock, valued at approximately $387,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Grove Bank & Trust boosted its stake in Baidu by 74.2% during the 2nd quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 253 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Baidu during the 2nd quarter worth $112,000. Harbour Capital Advisors LLC boosted its stake in shares of Baidu by 17,786.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 20,927 shares of the information services provider’s stock worth $117,000 after acquiring an additional 20,810 shares in the last quarter. Aviance Capital Management LLC bought a new stake in shares of Baidu during the 2nd quarter worth $124,000. Finally, Highstreet Asset Management Inc. bought a new stake in shares of Baidu during the 2nd quarter worth $146,000. 64.64% of the stock is owned by hedge funds and other institutional investors.

Baidu, Inc. (BIDU) traded up $1.88 during trading hours on Friday, hitting $241.20. 473,931 shares of the stock were exchanged, compared to its average volume of 2,581,765. Baidu, Inc. has a 52 week low of $160.79 and a 52 week high of $274.97. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $83,990.00, a PE ratio of 29.65, a P/E/G ratio of 1.39 and a beta of 1.94.

Several equities research analysts have recently weighed in on the company. Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $265.83 price objective for the company in a research note on Tuesday, September 26th. Wells Fargo & Company assumed coverage on Baidu in a research note on Tuesday, September 26th. They set an “outperform” rating and a $290.00 price objective for the company. Oppenheimer Holdings, Inc. raised their price objective on Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Macquarie raised Baidu from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $189.00 to $252.00 in a research report on Friday, July 28th. Finally, Cantor Fitzgerald raised Baidu from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $156.00 to $260.00 in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. Baidu presently has an average rating of “Buy” and a consensus target price of $234.70.

WARNING: “Sigma Planning Corp Takes Position in Baidu, Inc. (BIDU)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://ledgergazette.com/2017/11/17/sigma-planning-corp-takes-position-in-baidu-inc-bidu.html.

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.

Want to see what other hedge funds are holding BIDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baidu, Inc. (NASDAQ:BIDU).

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply