Economy

Baidu, Inc. (BIDU) Shares Bought by ARGA Investment Management LP

These firms have modified their investment in BIDU. The Company, through its subsidiary, State Street Bank and Trust Company, provides a range of financial services and products to institutional investors across the world.

Tourbillon Capital Partners Lp decreased Baidu Inc (Call) (BIDU) stake by 7.69% reported in 2016Q4 SEC filing. Kemnay Advisory Services Inc sold 16,646 shares as Baidu Inc (BIDU)'s stock rose 1.94%. The Veritas Asset Management Llp holds 2.31M shares with $379.41 million value, up from 1.81M last quarter. Artisan Partners Limited Partnership who had been investing in Baidu Inc for a number of months, seems to be bullish on the $82.20B market cap company. The stock rose 0.66% or $1.55 reaching $237.96 per share. 2,355K shares changed hands in the last trading session.

Media headlines about Baidu (NASDAQ:BIDU) have trended somewhat positive recently, Accern reports. The rating was maintained by Oppenheimer on Friday, July 28 with "Buy". Baidu, Inc. has a 52-week low of $159.54 and a 52-week high of $238.46. STT was included in 8 notes of analysts from September 6, 2016. On Friday, October 28 the stock rating was downgraded by Macquarie Research to "Neutral". The stock has "Hold" rating by Deutsche Bank on Friday, September 9. The company was upgraded on Tuesday, July 21 by Scotia Capital. JP Morgan initiated the shares of BIDU in report on Wednesday, August 31 with "Underweight" rating. The short-interest ratio decreased to 2.0 and the percentage of shorted shares is 0.02% as of August 15.

About 9,500 shares traded. Torex Gold Resources Inc (TSE:TXG) has 0.00% since September 14, 2016 and is.

Baidu, Inc is a Chinese language Internet search provider.

Since June 1, 2017, it had 0 insider buys, and 1 insider sale for $68,093 activity. They expect $1.59 earnings per share, up 17.78% or $0.24 from last year's $1.35 per share. STT's profit will be $594.60M for 14.80 P/E if the $1.59 EPS becomes a reality. In the latest earnings report the EPS was $5.42 and is projected to be $7.17 for the current year with 346,762,000 shares now outstanding.

Ubs Oconnor Llc increased Herbalif (NYSE:HLF) stake by 150,848 shares to 1.21M valued at $58.31M in 2016Q4. Encana C (NYSE:ECA) was raised too. Citigroup Inc. reissued a "hold" rating and set a $253.00 price objective on shares of Baidu in a research note on Thursday. BIDU's profit will be $783.70M for 26.21 P/E if the $2.26 EPS becomes a reality. Barnett & Company Inc. lifted its stake in shares of Baidu by 10.3% during the first quarter.

Among 2 analysts covering Falcon Oil & Gas Ltd (CVE:FO), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Falcon Oil & Gas Ltd had 5 analyst reports since August 27, 2015 according to SRatingsIntel. The stock now has an average rating of "Buy" and a consensus price target of $213.36. Morgan Stanley maintained Baidu Inc (ADR) (NASDAQ:BIDU) rating on Wednesday, May 11. On Tuesday, July 28 the stock rating was downgraded by Pacific Crest to "Sector Weight".

Analysts await Baidu Inc (ADR) (NASDAQ:BIDU) to report earnings on October, 26. HSBC Holdings plc reiterated a buy rating and issued a $223.00 price objective on shares of Baidu in a research note on Monday, July 10th. Vetr downgraded shares of Baidu from a "strong-buy" rating to a "buy" rating and set a $265.83 price objective on the stock.in a research note on Wednesday. Stifel Nicolaus upgraded the stock to "Buy" rating in Tuesday, January 10 report. Credit Suisse has "Outperform" rating and $235 target.

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