Baidu INC (BIDU) Shareholder Investec Asset Management North America INC Increased Its Stake by $3.57 Million

May 16, 2018 - By Joseph Norton

Baidu, Inc. (NASDAQ:BIDU) Corporate Logo

The stake In Baidu Inc (BIDU) was increased owned by Investec Asset Management North America Inc. According to 2017Q4 SEC form the reduction is 16.65%. The company’s stock sank 3.38% while Investec Asset Management North America Inc bought 15,248 shares. At the end of 2017Q4, the 106,844 shares of the technology company held by the institutional investor were priced at $25.02 million, up from 91,596 at the end of the previous reported quarter. Investec Asset Management North America Inc has cut its stake in Bank Of New York Mellon Corp (NYSE:BK) and also reduced its holding in Vmware Inc (NYSE:VMW) by 28,275 shares in the quarter, for a total of 96,490 shares.

For more Baidu, Inc. (NASDAQ:BIDU) news announced recently go to: Nasdaq.com, Seekingalpha.com, Investorplace.com, Seekingalpha.com or Benzinga.com. The titles are as follows: “Baidu Inc (ADR): How 225% Looks Reasonable in BIDU Stock” announced on May 08, 2018, “Baidu divests financial services business” on April 30, 2018, “3 Rocket Stocks You Need to Take a Close Look at Right Now” with a publish date: May 16, 2018, “Baidu: A Lot To Like” and the last “Baidu Set For 20% Growth After iQIYI Spinoff, Bernstein Says In Upgrade” with publication date: May 11, 2018.

Baidu, Inc. (NASDAQ:BIDU) Ratings Coverage

A total of 12 analysts rate Baidu (NASDAQ:BIDU) as follows: 7 “Buy”, 5 “Hold” and 0 “Sell”. Тherefore 58% are bullish. (NASDAQ:BIDU) has 14 ratings reports on 16 May 2018 according to StockzIntelligence. On Monday, January 8 the firm earned “Buy” rating by Wells Fargo. On Monday, April 9 Daiwa Securities upgraded the shares of BIDU in report to “Buy” rating. On Tuesday, January 23 the stock of Baidu, Inc. (NASDAQ:BIDU) has “Hold” rating given by Jefferies. In Monday, January 29 report Nomura downgraded the stock to “Hold” rating. On Wednesday, February 14 the rating was maintained by Jefferies with “Hold”. On Wednesday, February 14 Daiwa Securities upgraded Baidu, Inc. (NASDAQ:BIDU) to “Outperform” rating. On Monday, April 16 the firm has “Equal-Weight” rating by Barclays Capital given. On Thursday, February 15 the firm has “Overweight” rating given by Morgan Stanley. In Friday, May 11 report Bernstein upgraded the stock to “Market Perform” rating.

Baidu, Inc. (NASDAQ:BIDU) Analyst Ratings Chart

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