Beddow Capital Management Inc. Invests $1.87 Million in Baidu Inc (BIDU) Stock

Share on StockTwits

Beddow Capital Management Inc. purchased a new stake in shares of Baidu Inc (NASDAQ:BIDU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,780 shares of the information services provider’s stock, valued at approximately $1,868,000.

A number of other hedge funds have also made changes to their positions in BIDU. BlackRock Inc. lifted its position in shares of Baidu by 11.6% during the third quarter. BlackRock Inc. now owns 15,768,108 shares of the information services provider’s stock worth $3,605,851,000 after purchasing an additional 1,642,559 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Baidu by 1.1% during the third quarter. Vanguard Group Inc. now owns 9,668,953 shares of the information services provider’s stock worth $2,211,097,000 after purchasing an additional 104,819 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Baidu by 1.1% during the third quarter. Vanguard Group Inc now owns 9,668,953 shares of the information services provider’s stock worth $2,211,097,000 after purchasing an additional 104,819 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Baidu by 1.9% during the third quarter. Franklin Resources Inc. now owns 5,260,903 shares of the information services provider’s stock worth $1,203,091,000 after purchasing an additional 95,851 shares in the last quarter. Finally, Dodge & Cox lifted its position in shares of Baidu by 12.6% during the third quarter. Dodge & Cox now owns 3,821,913 shares of the information services provider’s stock worth $873,995,000 after purchasing an additional 427,876 shares in the last quarter. 60.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:BIDU opened at $173.82 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a market capitalization of $59.18 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.03 and a beta of 1.52. Baidu Inc has a 12-month low of $153.78 and a 12-month high of $284.22.

A number of research analysts have recently commented on BIDU shares. Barclays set a $250.00 target price on shares of Baidu and gave the stock a “hold” rating in a research report on Thursday, October 18th. Deutsche Bank set a $369.00 target price on shares of Baidu and gave the stock a “buy” rating in a research report on Monday, October 29th. Benchmark reduced their target price on shares of Baidu from $300.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Credit Suisse Group set a $246.00 target price on shares of Baidu and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Finally, Nomura dropped their price target on shares of Baidu from $283.00 to $206.00 and set a “neutral” rating for the company in a research note on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $252.87.

ILLEGAL ACTIVITY WARNING: “Beddow Capital Management Inc. Invests $1.87 Million in Baidu Inc (BIDU) Stock” was reported by BBNS and is the property of of BBNS. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://baseballnewssource.com/2019/02/14/beddow-capital-management-inc-invests-1-87-million-in-baidu-inc-bidu-stock/3214825.html.

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 mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

Recommended Story: What is the Coverage Ratio?

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.