New York State Common Retirement Fund Has $65.13 Million Position in Baidu, Inc. (BIDU)

New York State Common Retirement Fund trimmed its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,162 shares of the information services provider’s stock after selling 4,401 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Baidu worth $65,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grove Bank & Trust grew 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 worth $106,000 after purchasing an additional 253 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Baidu during the 2nd quarter worth $112,000. Harbour Capital Advisors LLC grew its stake in 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 purchasing an additional 20,810 shares in the last quarter. Highstreet Asset Management Inc. acquired a new position in Baidu during the 2nd quarter worth $146,000. Finally, Integrated Investment Consultants LLC acquired a new position in Baidu during the 2nd quarter worth $152,000. 64.14% of the stock is owned by hedge funds and other institutional investors.

Baidu, Inc. (NASDAQ BIDU) traded up 0.40% during mid-day trading on Wednesday, reaching $238.80. The company’s stock had a trading volume of 354,939 shares. The stock’s 50-day moving average is $227.76 and its 200-day moving average is $193.39. Baidu, Inc. has a 12 month low of $159.54 and a 12 month high of $240.43. The firm has a market capitalization of $82.81 billion, a PE ratio of 44.03 and a beta of 1.98.

Several research analysts recently commented on the company. Vetr cut Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 target price for the company. in a research note on Tuesday. Bank of America Corporation reissued a “buy” rating and set a $263.00 target price on shares of Baidu in a research note on Monday. Citigroup Inc. reissued a “hold” rating and set a $253.00 target price on shares of Baidu in a research note on Thursday, September 14th. Credit Suisse Group reissued an “outperform” rating on shares of Baidu in a research note on Thursday, August 31st. Finally, Macquarie reissued a “top pick” rating on shares of Baidu in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $215.51.

ILLEGAL ACTIVITY NOTICE: “New York State Common Retirement Fund Has $65.13 Million Position in Baidu, Inc. (BIDU)” was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/09/20/new-york-state-common-retirement-fund-has-65-13-million-position-in-baidu-inc-bidu.html.

About Baidu

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.

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.

Latest News

Leave a Reply