FLC Capital Advisors grew its position in Baidu Inc (NASDAQ:BIDU) by 70.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,909 shares of the information services provider’s stock after purchasing an additional 1,610 shares during the period. FLC Capital Advisors’ holdings in Baidu were worth $442,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. American Beacon Advisors Inc. raised its holdings in shares of Baidu by 71.2% in the first quarter. American Beacon Advisors Inc. now owns 202 shares of the information services provider’s stock valued at $33,000 after buying an additional 84 shares during the last quarter. Westside Investment Management Inc. bought a new stake in Baidu during the 2nd quarter worth about $33,000. Lindbrook Capital LLC raised its holdings in Baidu by 290.5% during the 2nd quarter. Lindbrook Capital LLC now owns 328 shares of the information services provider’s stock worth $38,000 after purchasing an additional 244 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in Baidu during the 1st quarter worth about $45,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in Baidu by 392.2% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 502 shares of the information services provider’s stock worth $59,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 58.10% of the company’s stock.

Shares of BIDU stock traded up $6.87 on Monday, reaching $103.57. The company had a trading volume of 4,668,621 shares, compared to its average volume of 3,653,388. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.34. The stock has a market cap of $32.96 billion, a PE ratio of 13.28, a PEG ratio of 4.79 and a beta of 1.70. The company has a 50-day moving average of $110.14 and a 200-day moving average of $142.07. Baidu Inc has a 12 month low of $93.39 and a 12 month high of $234.88.

Baidu announced that its Board of Directors has approved a share repurchase plan on Thursday, May 16th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the information services provider to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Several analysts have weighed in on the company. Nomura dropped their price objective on Baidu from $181.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, May 20th. Deutsche Bank cut Baidu from a “buy” rating to a “hold” rating and set a $147.00 price objective for the company. in a report on Friday, May 17th. Benchmark dropped their price objective on Baidu from $245.00 to $180.00 and set a “buy” rating for the company in a report on Friday, May 17th. UBS Group reissued a “hold” rating and set a $145.00 price objective on shares of Baidu in a report on Friday, July 5th. Finally, KeyCorp reissued an “overweight” rating and set a $148.00 price objective (down from $160.00) on shares of Baidu in a report on Friday, August 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $175.11.

About Baidu

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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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