Icon Wealth Partners LLC Takes $297,000 Position in Baidu Inc (BIDU)
Icon Wealth Partners LLC acquired a new position in shares of Baidu Inc (NASDAQ:BIDU) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,266 shares of the information services provider’s stock, valued at approximately $297,000.
A number of other large investors have also recently bought and sold shares of BIDU. Trustcore Financial Services LLC purchased a new stake in Baidu during the 4th quarter worth approximately $109,000. Whittier Trust Co. increased its stake in Baidu by 88.5% during the 4th quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock worth $115,000 after buying an additional 230 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Baidu by 96.0% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock worth $121,000 after buying an additional 240 shares in the last quarter. Calton & Associates Inc. purchased a new stake in Baidu during the 4th quarter worth approximately $182,000. Finally, Invictus RG purchased a new stake in Baidu during the 3rd quarter worth approximately $193,000. Institutional investors own 63.45% of the company’s stock.
Several equities research analysts have commented on BIDU shares. Bank of America reiterated a “buy” rating and set a $301.00 price objective on shares of Baidu in a research note on Sunday, November 19th. Wells Fargo & Co reiterated an “outperform” rating and set a $200.00 price objective (down from $275.00) on shares of Baidu in a research note on Monday, January 8th. Zacks Investment Research lowered Baidu from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a research note on Monday, January 29th. Finally, Barclays boosted their price objective on Baidu from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $250.01.
Baidu Company Profile
Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
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