Baidu INC (Call) (BIDU) Shares Declined While Symmetry Peak Management LLC Increased Stake

Baidu, Inc. (NASDAQ:BIDU) Corporate Logo

Based on the latest 2018Q2 regulatory filing with the SEC, Symmetry Peak Management Llc increased its stake in Baidu Inc (Call) (BIDU) by 36.1%. By buying 25,200 shares Symmetry Peak Management Llc made the stock sank with 19.00%. The hedge fund is holding 95,000 shares, compared to the 69,800 from the previous quarter. And the reported value of the technology company is $23.09M for the 2018Q2. $64.05 billion is Baidu Inc (Call)’s MC. BIDU is touching $183.75 during the last trading session, after decreased 2.55%.Baidu, Inc. has volume of 2.93M shares. Since November 10, 2017 BIDU has declined 7.96% and is downtrending. BIDU underperformed the S&P 500 by 23.58%.

According to a filing the Symmetry Peak Management Llc’s stake in Salesforce Com Inc (Call) (NYSE:CRM) was reduced by 80,000 shares to 15,000 shares valued at $2.05M in 2018Q2. It manages about $504.10 million US Long portfolio. Symmetry Peak Management Llc has cut its stake in Shake Shack Inc and also reduced its holding in Zendesk Inc (NYSE:ZEN) by 148,923 shares in the quarter, for a total of 49,977 shares.

For more Baidu, Inc. (NASDAQ:BIDU) news released recently go to: Fool.com, Fool.com, Seekingalpha.com, Fool.com or Seekingalpha.com. The titles are as follows: “Is It Finally Time to Buy Baidu Inc. Stock?” released on November 04, 2018, “3 Stocks That Are Absurdly Cheap Right Now” on November 10, 2018, “Self-driving news roundup” with a publish date: November 01, 2018, “3 Things Baidu Needs to Get Right on Tuesday” and the last “Baidu: Positive On Growth But Concerns Remain” with publication date: November 07, 2018.

Baidu, Inc. (NASDAQ:BIDU) Ratings Coverage

In total 7 analysts cover Baidu (NASDAQ:BIDU). “Buy” rating has 4, “Sell” are 0, while 3 are “Hold”. (NASDAQ:BIDU) has 57% bullish analysts. 8 are the (NASDAQ:BIDU)’s ratings reports on 10 Nov 2018 according to StockzIntelligence Inc. On Friday, May 11 the rating was upgraded by Bernstein to “Market Perform”. On Friday, May 18 the stock has “Neutral” rating by Credit Suisse. On Monday, October 29 the rating was maintained by Deutsche Bank with “Buy”. On Thursday, November 1 the rating was maintained by Barclays Capital with “Equal-Weight”. On Monday, July 9 Credit Suisse upgraded the shares of BIDU in report to “Outperform” rating. On Monday, July 9 the firm has “Overweight” rating given by KeyBanc Capital Markets. The stock rating was maintained by Oppenheimer with “Buy” on Sunday, May 20. On Thursday, November 1 the stock of Baidu, Inc. (NASDAQ:BIDU) has “Neutral” rating given by Nomura.

Baidu, Inc. (NASDAQ:BIDU) Analyst Ratings Chart

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