Baidu Inc (BIDU) Position Cut by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC cut its stake in Baidu Inc (NASDAQ:BIDU) by 61.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,505 shares of the information services provider’s stock after selling 2,391 shares during the period. Cubist Systematic Strategies LLC’s holdings in Baidu were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BIDU. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Baidu by 96.0% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock valued at $121,000 after acquiring an additional 240 shares in the last quarter. Aviance Capital Management LLC bought a new stake in Baidu during the second quarter valued at $124,000. Intellectus Partners LLC bought a new stake in Baidu during the second quarter valued at $185,000. Invictus RG bought a new stake in Baidu during the third quarter valued at $193,000. Finally, BRYN MAWR TRUST Co bought a new stake in Baidu during the second quarter valued at $201,000. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on BIDU shares. Vetr lowered shares of 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, September 19th. Barclays set a $250.00 target price on shares of Baidu and gave the company a “hold” rating in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of Baidu from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Citigroup reiterated a “hold” rating and set a $253.00 target price on shares of Baidu in a research note on Thursday, September 14th. Finally, BidaskClub lowered shares of Baidu from a “hold” rating to a “sell” rating in a research note on Saturday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $238.19.

Baidu Inc (NASDAQ:BIDU) opened at $234.21 on Tuesday. The company has a market cap of $81,400.00, a PE ratio of 33.41, a PEG ratio of 1.41 and a beta of 1.89. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34. Baidu Inc has a 12-month low of $163.56 and a 12-month high of $274.97.

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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)

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