O Shares Investment Advisers LLC Sells 359 Shares of Baidu Inc (NASDAQ:BIDU)

O Shares Investment Advisers LLC decreased its position in Baidu Inc (NASDAQ:BIDU) by 12.1% in the first quarter, Holdings Channel reports. The institutional investor owned 2,607 shares of the information services provider’s stock after selling 359 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Baidu were worth $430,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BIDU. Whittier Trust Co. of Nevada Inc. bought a new stake in Baidu in the fourth quarter valued at approximately $26,000. American Beacon Advisors Inc. lifted its position in 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 purchasing an additional 84 shares during the last quarter. Semmax Financial Advisors Inc. bought a new stake in Baidu in the fourth quarter valued at approximately $33,000. Rational Advisors LLC lifted its position in Baidu by 1,400.0% in the fourth quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 196 shares during the last quarter. Finally, Oakworth Capital Inc. bought a new stake in Baidu in the fourth quarter valued at approximately $39,000. Institutional investors own 59.78% of the company’s stock.

Shares of Baidu stock traded down $0.02 during midday trading on Thursday, reaching $113.07. 26,870 shares of the company’s stock traded hands, compared to its average volume of 6,606,068. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.34. The company has a market cap of $40.30 billion, a PE ratio of 14.45, a P/E/G ratio of 6.27 and a beta of 1.69. Baidu Inc has a 12 month low of $106.80 and a 12 month high of $274.00.

Baidu declared that its Board of Directors has approved a share repurchase plan on Thursday, May 16th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the information services provider to buy up to 1.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several analysts have weighed in on BIDU shares. Benchmark reiterated a “buy” rating and issued a $245.00 price objective (down previously from $260.00) on shares of Baidu in a research report on Friday, February 22nd. Credit Suisse Group set a $221.00 price objective on Baidu and gave the company a “buy” rating in a research report on Wednesday, April 10th. Daiwa Capital Markets set a $215.00 price objective on Baidu and gave the company a “buy” rating in a research report on Friday, March 8th. Mizuho lowered their price objective on Baidu from $215.00 to $205.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Finally, KeyCorp set a $179.00 price objective on Baidu and gave the company a “buy” rating in a research report on Friday, May 17th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $191.69.

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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 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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