Pinkerton Retirement Specialists LLC Acquires 939 Shares of Baidu Inc (NASDAQ:BIDU)

Pinkerton Retirement Specialists LLC boosted its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 9.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,600 shares of the information services provider’s stock after acquiring an additional 939 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Baidu were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Comerica Securities Inc. increased its stake in Baidu by 20.6% in the 4th quarter. Comerica Securities Inc. now owns 2,888 shares of the information services provider’s stock worth $458,000 after buying an additional 493 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Baidu by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 628,173 shares of the information services provider’s stock valued at $99,782,000 after buying an additional 12,720 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Baidu in the 1st quarter valued at about $2,946,000. Creative Financial Designs Inc. ADV boosted its stake in Baidu by 4,837.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 395 shares of the information services provider’s stock worth $65,000 after purchasing an additional 387 shares in the last quarter. Finally, Creative Planning boosted its stake in Baidu by 11.7% in the 1st quarter. Creative Planning now owns 40,169 shares of the information services provider’s stock worth $6,622,000 after purchasing an additional 4,215 shares in the last quarter. Institutional investors own 58.10% of the company’s stock.

BIDU traded down $1.57 during trading on Friday, reaching $103.88. 108,618 shares of the company’s stock were exchanged, compared to its average volume of 4,744,076. Baidu Inc has a 1 year low of $93.39 and a 1 year high of $234.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.76 and a quick ratio of 2.76. The stock has a market capitalization of $37.98 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 5.52 and a beta of 1.70. The company’s fifty day simple moving average is $108.47 and its 200-day simple moving average is $140.47.

Baidu declared that its board has initiated a share repurchase program on Thursday, May 16th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the information services provider to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

A number of analysts recently commented on BIDU shares. ValuEngine upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Macquarie set a $131.00 target price on shares of Baidu and gave the stock a “hold” rating in a research note on Thursday, July 4th. Morgan Stanley set a $125.00 target price on shares of Baidu and gave the stock a “hold” rating in a research note on Tuesday. Loop Capital started coverage on shares of Baidu in a research note on Monday, June 3rd. They issued a “hold” rating and a $125.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Baidu from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $165.84.

About Baidu

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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