Dimensional Fund Advisors LP Has $121.86 Million Position in Baidu Inc (BIDU)

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Dimensional Fund Advisors LP raised its holdings in Baidu Inc (NASDAQ:BIDU) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 501,454 shares of the information services provider’s stock after purchasing an additional 10,417 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.14% of Baidu worth $121,857,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Legal & General Group Plc raised its position in Baidu by 3.9% in the 2nd quarter. Legal & General Group Plc now owns 1,361,263 shares of the information services provider’s stock valued at $330,787,000 after purchasing an additional 51,048 shares during the last quarter. Janus Henderson Group PLC raised its position in Baidu by 964.3% in the 2nd quarter. Janus Henderson Group PLC now owns 342,331 shares of the information services provider’s stock valued at $83,203,000 after purchasing an additional 310,165 shares during the last quarter. Hartline Investment Corp raised its position in Baidu by 10.9% in the 2nd quarter. Hartline Investment Corp now owns 23,731 shares of the information services provider’s stock valued at $5,767,000 after purchasing an additional 2,327 shares during the last quarter. Motley Fool Asset Management LLC raised its position in Baidu by 43.8% in the 2nd quarter. Motley Fool Asset Management LLC now owns 5,250 shares of the information services provider’s stock valued at $1,276,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Motley Fool Wealth Management LLC raised its position in Baidu by 4.4% in the 2nd quarter. Motley Fool Wealth Management LLC now owns 20,110 shares of the information services provider’s stock valued at $4,887,000 after purchasing an additional 840 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Several equities analysts have issued reports on the company. BidaskClub upgraded Baidu from a “hold” rating to a “buy” rating in a research report on Thursday, July 12th. ValuEngine downgraded Baidu from a “hold” rating to a “sell” rating in a research report on Thursday. Sanford C. Bernstein upgraded Baidu from an “underperform” rating to a “market perform” rating and set a $305.00 price objective for the company in a research report on Friday, May 11th. Zacks Investment Research upgraded Baidu from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. Finally, KeyCorp set a $297.00 target price on Baidu and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $293.32.

BIDU stock opened at $215.05 on Friday. The firm has a market cap of $74.98 billion, a PE ratio of 20.67, a PEG ratio of 0.92 and a beta of 1.54. Baidu Inc has a twelve month low of $207.74 and a twelve month high of $284.22. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.34.

Baidu announced that its board has authorized a share repurchase program on Wednesday, June 27th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the information services provider to reacquire up to 1.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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 mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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