Aravt Global LLC Has Upped Baidu INC (BIDU) Position by $14.33 Million

January 22, 2018 - By Linda Rogers

Aravt Global Llc increased its stake in Baidu Inc (BIDU) by 41.43% based on its latest 2017Q3 regulatory filing with the SEC. Aravt Global Llc bought 58,000 shares as the company’s stock rose 1.94% with the market. The institutional investor held 198,000 shares of the technology company at the end of 2017Q3, valued at $49.04M, up from 140,000 at the end of the previous reported quarter. Aravt Global Llc who had been investing in Baidu Inc for a number of months, seems to be bullish on the $87.24B market cap company. The stock decreased 1.85% or $4.73 during the last trading session, reaching $251.25. About 855,228 shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since January 22, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Aravt Global Llc, which manages about $1.01B US Long portfolio, decreased its stake in Alphabet Inc by 28,000 shares to 96,500 shares, valued at $93.96 million in 2017Q3, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 180,000 shares in the quarter, leaving it with 616,500 shares, and cut its stake in Paypal Hldgs Inc.

More notable recent Baidu, Inc. (NASDAQ:BIDU) news were published by: Investorplace.com which released: “Why Baidu Inc (ADR) Stock Is Bound to Go Even Higher” on January 10, 2018, also Investorplace.com with their article: “Baidu Inc (ADR) Is On Sale — Add to Cart” published on October 27, 2017, Investorplace.com published: “3 Stocks to Watch on Friday: Baidu Inc (ADR) (BIDU), Gilead Sciences, Inc …” on October 27, 2017. More interesting news about Baidu, Inc. (NASDAQ:BIDU) were released by: Investorplace.com and their article: “How Baidu Inc (ADR) Stock Is Catching up to Its Chinese Counterparts” published on September 14, 2017 as well as Investorplace.com‘s news article titled: “Baidu Inc (ADR) Is Likely to Falter Before it Flies (Again)” with publication date: November 15, 2017.

Baidu, Inc. (NASDAQ:BIDU) Ratings Coverage

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 4 Sell and 11 Hold. Therefore 38% are positive. Baidu has $305.0 highest and $126 lowest target. $219.55’s average target is -12.62% below currents $251.25 stock price. Baidu had 56 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Buy” rating given on Monday, June 19 by Jefferies. Bernstein initiated the shares of BIDU in report on Wednesday, January 11 with “Underperform” rating. The company was upgraded on Tuesday, January 10 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, October 27 by Jefferies. JP Morgan upgraded the stock to “Neutral” rating in Monday, January 9 report. On Wednesday, September 9 the stock rating was maintained by Deutsche Bank with “Hold”. The stock has “Equal-Weight” rating by Barclays Capital on Monday, October 30. The rating was downgraded by Credit Suisse to “Neutral” on Friday, October 28. The rating was upgraded by Brean Capital to “Buy” on Friday, April 29. The rating was downgraded by Macquarie Research to “Neutral” on Monday, October 31.

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