Nordea Investment Management AB Has $48.58 Million Stake in Baidu Inc (BIDU)

Trilogy Global Advisors Lp bought 18,040 shares as the company's stock rose 1.94% with the market. ARGA Investment Management LP now owns 618,700 shares of the information services provider's stock valued at $153,246,000 after purchasing an additional 7,000 shares in the last quarter. Trilogy Global Advisors Lp who had been investing in Baidu Inc for a number of months, seems to be bullish on the $80.73B market cap company.

The stock decreased 1.10% or $2.54 during the last trading session, reaching $229.21. Finally, Lazard Asset Management LLC raised its holdings in shares of Baidu by 2.4% during the second quarter.

Shares of Baidu Inc (BIDU) opened at $231.75 on Wednesday. It has underperformed by 4.68% the S&P500.

Altrinsic Global Advisors Llc, which manages about $14.11B and $2.77B US Long portfolio, decreased its stake in Thomson Reuters Corp (NYSE:TRI) by 305,333 shares to 2.85 million shares, valued at $131.77 million in 2017Q2, according to the filing. It also reduced its holding in Dun & Bradstreet Corp Del Ne (NYSE:DNB) by 59,997 shares in the quarter, leaving it with 44,926 shares, and cut its stake in United Parcel Service Inc (NYSE:UPS).

More notable recent JD.com, Inc. (NASDAQ:BIDU) news were published by: Investorplace.com which released: "Why Baidu Inc (ADR) Stock Could See a 20% Rally" on November 20, 2017, also Investorplace.com with their article: "Baidu Inc Stock Is Poised to Take on Google If It Must" published on November 28, 2017, Investorplace.com published: "AI News: Baidu, Xiaomi Are Teaming Up on IoT" on November 28, 2017. Koch Industries Inc. purchased a new stake in Baidu during the fourth quarter worth $203,000. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. Therefore 76% are positive. Baidu Inc has a one year low of $155.28 and a one year high of $197.80. They presently have a $301.00 price target on the information services provider's stock. Baidu had 55 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse on Monday, February 22 with "Outperform". The firm has "Sector Weight" rating by Pacific Crest given on Tuesday, July 28. JP Morgan upgraded the stock to "Neutral" rating in Monday, January 9 report. (NASDAQ:BIDU) has "Buy" rating given on Tuesday, October 3 by Jefferies. Baidu has an average rating of "Buy" and an average price target of $236.36. The company was upgraded on Friday, July 28 by Macquarie Research. (NASDAQ:BIDU) earned "Underweight" rating by Cantor Fitzgerald on Monday, December 19. Finally, Vetr raised Baidu from a "buy" rating to a "strong-buy" rating and set a $277.19 target price on the stock in a report on Monday, October 30th.

ILLEGAL ACTIVITY NOTICE: "Bank of America Reaffirms "Buy" Rating for Baidu (NASDAQ:BIDU)" was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. Citigroup reissued a "hold" rating and issued a $253.00 target price on shares of Baidu in a research report on Thursday, September 14th.

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