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

May 16, 2018 - By Mark Babin

Baidu, Inc. (NASDAQ:BIDU) Corporate Logo

In 2017Q4 Securities and Exchange filling is reported Investec Asset Management North America Inc’s stake in Baidu Inc (BIDU) which was increased by 16.65%. The company’s stock sank 3.38% while Investec Asset Management North America Inc bought 15,248 shares. The technology company reported $25.02M value for the 2017Q4. Now the institutional investor is holding 106,844 shares, compared to the 91,596 from the previous quarter. Investec Asset Management North America Inc has cut its stake in Netease Inc (NASDAQ:NTES) 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 published recently go to: Seekingalpha.com, Seekingalpha.com, Investorplace.com, Seekingalpha.com or Nasdaq.com. The titles are as follows: “Baidu divests financial services business” published on April 30, 2018, “Baidu: A Lot To Like” on May 07, 2018, “3 Rocket Stocks You Need to Take a Close Look at Right Now” with a publish date: May 16, 2018, “Tencent self-driving cars heading for Shenzhen streets” and the last “Baidu Inc (ADR): How 225% Looks Reasonable in BIDU Stock” with publication date: May 08, 2018.

Baidu, Inc. (NASDAQ:BIDU) Ratings Coverage

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

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

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