Baidu Inc (ADR) (BIDU) on Focus After Trading At 52-Week Highs


Harris Associates LP increased its stake in Baidu Inc (BIDU) by 39.71% based on its latest 2016Q4 regulatory filing with the SEC. Kemnay Advisory Services Inc sold 16,646 shares as Baidu Inc (BIDU)'s stock rose 1.94%. As of quarter end Newport Asia LLC had sold a total of 45,000 shares trimming its stake by 8.8%. After having $2.02 EPS previously, Baidu Inc (ADR)'s analysts see 11.88 % EPS growth. Veritas Asset Management LLP now owns 3,404,298 shares of the information services provider's stock worth $608,893,000 after acquiring an additional 920,687 shares during the last quarter.

About 141,390 shares traded.

Baidu, Inc. (NASDAQ:BIDU) was the recipient of some unusual options trading on Tuesday. BlackRock Inc. now owns 11,974,528 shares of the information services provider's stock valued at $2,065,846,000 after buying an additional 11,721,135 shares during the last quarter. 5,230,285 shares of the stock traded hands. STT was included in 8 notes of analysts from September 6, 2016. As per Friday, January 22, the company rating was downgraded by Nomura. The company was maintained on Tuesday, October 27 by TH Capital. The stock has "Hold" rating by Brean Capital on Tuesday, July 28. As per Wednesday, August 30, the company rating was maintained by Piper Jaffray. The stock is trading at $235.21 which is a tad above $226.89, the stock's 50 day moving average and a great deal higher than the 200 day moving average of $192.20. Grove Bank & Trust now owns 594 shares of the information services provider's stock valued at $106,000 after acquiring an additional 253 shares in the last quarter. NQ Mobile Inc (ADR) (NYSE:NQ) has risen 1.06% since September 17, 2016 and is uptrending. It has outperformed by 0.99% the S&P500.

Jackson Square Partners, LLC divested its ownership by shedding 78,440 shares a decrease of 14.2% as of 06/30/2017. Moreover, Crestwood Advisors Llc has 4.1% invested in the company for 544,311 shares. Gillespie Robinson & Grimm Inc, a Connecticut-based fund reported 328,045 shares.

Since May 10, 2017, it had 0 insider purchases, and 4 insider sales for $1.57 million activity. After $0.99 actual EPS reported by IDACORP Inc for the previous quarter, Wall Street now forecasts 70.71% EPS growth.

Traders are feeling more bullish lately looking at the decrease in short interest. It also upped Radius Health Inc (NASDAQ:RDUS) stake by 1.11M shares and now owns 1.73M shares. Encana C (NYSE:ECA) was raised too. In the last earnings report the EPS was $5.42 and is expected to be $7.17 for the current year with 346,762,000 shares now outstanding. BIDU's profit will be $784.57 million for 26.22 P/E if the $2.26 EPS becomes a reality. Therefore 36% are positive. Jefferies Group LLC reiterated a "buy" rating and issued a $208.00 price objective on shares of Baidu in a research report on Saturday, July 22nd. The firm has "Outperform" rating by Oppenheimer given on Monday, August 3. The company was upgraded on Monday, January 9 by JP Morgan. Morgan Stanley has "Overweight" rating and $200 target. The company was downgraded on Friday, October 28 by Macquarie Research.

More notable recent Baidu Inc (ADR) (NASDAQ:BIDU) news were published by: which released: "Wall Street's M&A Chatter From August 21: Herbalife, Fiat Chrysler, Baidu ..." on August 22, 2017, also with their article: "Baidu Inc (ADR) (NASDAQ:BIDU) HEFFX Highlights" published on August 30, 2017, published: "Baidu Inc (ADR) (BIDU) Stock Booms on Q2 Earnings Bonanza" on July 28, 2017. The firm earned "Hold" rating on Wednesday, September 9 by Deutsche Bank. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. The firm has "Neutral" rating given on Monday, June 13 by Citigroup. The stock has "Outperform" rating by Credit Suisse on Wednesday, July 20.