Baillie Gifford & Company Lowered Its Baidu.Com Sponsored Adr (BIDU) Position by $80.55 Million; Market Value Rose

July 18, 2017 - By Richard Conner

Baillie Gifford & Company decreased its stake in Baidu.Com Sponsored Adr (BIDU) by 1.95% based on its latest 2016Q4 regulatory filing with the SEC. Baillie Gifford & Company sold 491,186 shares as the company’s stock rose 1.94% with the market. The institutional investor held 24.68 million shares of the technology company at the end of 2016Q4, valued at $4.06 billion, down from 25.17M at the end of the previous reported quarter. Baillie Gifford & Company who had been investing in Baidu.Com Sponsored Adr for a number of months, seems to be less bullish one the $64.84B market cap company. The stock declined 0.64% or $1.2 reaching $187.03 per share. About 2,194 shares traded. Baidu Inc (ADR) (NASDAQ:BIDU) has risen 12.02% since July 18, 2016 and is uptrending. It has underperformed by 4.68% the S&P500.

Baillie Gifford & Company, which manages about $60.79 billion US Long portfolio, upped its stake in Juno Therapeutics Inc (NASDAQ:JUNO) by 213,104 shares to 11.06 million shares, valued at $208.52M in 2016Q4, according to the filing. It also increased its holding in Ellie Mae (NYSE:ELLI) by 110,124 shares in the quarter, for a total of 181,124 shares, and has risen its stake in Fastenal (NASDAQ:FAST).

Investors wait Baidu Inc (ADR) (NASDAQ:BIDU) to report on July, 27. its quarterly earnings Wall Street analysts expect $1.10 earnings per share, up $0.05 or 4.76 % from last year’s $1.05 same quarter earnings. This translates into $381.35 million profit for BIDU giving the stock a 42.51 P/E. This is assuming the current $1.10 EPS is accurate. Baidu Inc (ADR)’s Wall Street analysts see 66.67 % EPS growth, taking into account the $0.66 EPS reproted in the previous quarter,

More important recent Baidu Inc (ADR) (NASDAQ:BIDU) news were published by: Investorplace.com which released: “Baidu Inc (ADR) (BIDU) Begins Self-Driving Cars Test” on July 13, 2017, also Benzinga.com published article titled: “Nvidia, Baidu And AI”, Learnbonds.com published: “Baidu Inc (ADR) (BIDU) Just Blew NVIDIA Corporation (NVDA) Stock Up” on July 05, 2017. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) was released by: Investorplace.com and their article: “Go Long Baidu Inc (ADR) (BIDU) Stock With Muted Risk” with publication date: July 11, 2017.

Baidu Inc (ADR) (NASDAQ:BIDU) Ratings Coverage

Among 22 analysts covering Baidu (NASDAQ:BIDU), 6 have Buy rating, 4 Sell and 12 Hold. Therefore 27% are positive. Baidu had 36 analyst reports since July 28, 2015 according to SRatingsIntel. TH Capital downgraded the shares of BIDU in report on Friday, July 29 to “Hold” rating. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, January 10. Jefferies maintained the stock with “Buy” rating in Monday, June 19 report. The stock has “Neutral” rating by Macquarie Research on Monday, October 31. As per Friday, January 22, the company rating was downgraded by Nomura. The stock has “Underweight” rating by Cantor Fitzgerald on Monday, December 19. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) earned “Outperform” rating by Credit Suisse on Monday, February 22. The firm has “Buy” rating given on Tuesday, October 27 by TH Capital. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) has “Neutral” rating given on Monday, June 13 by Citigroup. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) has “Buy” rating given on Thursday, May 12 by Jefferies.

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