Symmetry Peak Management LLC Has Increased Holding in Baidu INC (Call) (BIDU) by $14.32 Million

June 17, 2018 - By Peter Erickson

Baidu, Inc. (NASDAQ:BIDU) Logo

Frank Slattery increased its stake in Baidu Inc (Call) (BIDU) by 1146.43% based on its latest 2018Q1 regulatory filing with the SEC. Symmetry Peak Management Llc bought 64,200 shares as the company’s stock declined 4.86% with the market. The hedge fund run by Frank Slattery held 69,800 shares of the technology company at the end of 2018Q1, valued at $15.58 million, up from 5,600 at the end of the previous reported quarter. Symmetry Peak Management Llc who had been investing in Baidu Inc (Call) for a number of months, seems to be bullish on the $95.19 billion market cap company. The stock increased 0.86% or $2.33 during the last trading session, reaching $272.97. About 3.77M shares traded or 2.56% up from the average. Baidu, Inc. (NASDAQ:BIDU) has risen 27.01% since June 17, 2017 and is uptrending. It has outperformed by 14.44% the S&P500.

Symmetry Peak Management Llc, which manages about $356.28 million US Long portfolio, decreased its stake in Salesforce Com Inc (Call) (NYSE:CRM) by 35,000 shares to 95,000 shares, valued at $11.05M in 2018Q1, according to the filing. It also reduced its holding in Zillow Group Inc by 84,900 shares in the quarter, leaving it with 20,000 shares, and cut its stake in Twilio Inc (Call).

More notable recent Baidu, Inc. (NASDAQ:BIDU) news were published by: Globenewswire.com which released: “Baidu App Reaches 150 Million DAUs after Launching Ads-Free Search” on June 05, 2018, also Nasdaq.com with their article: “Advanced Micro Devices May Still Have Upside at New High” published on June 05, 2018, Finance.Yahoo.com published: “The Selloff in Baidu Inc Stock Is a Golden Buying Opportunity” on May 24, 2018. More interesting news about Baidu, Inc. (NASDAQ:BIDU) were released by: Investorplace.com and their article: “Monday’s Vital Data: Tesla Inc (TSLA), Chesapeake Energy Corporation (CHK) and Bidu Inc (BIDU)” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Nvidia: The Rally Might Just Be Getting Started” with publication date: June 17, 2018.

Baidu, Inc. (NASDAQ:BIDU) Ratings Coverage

Among 14 analysts covering Baidu (NASDAQ:BIDU), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Baidu has $319 highest and $200.0 lowest target. $267.50’s average target is -2.00% below currents $272.97 stock price. Baidu had 16 analyst reports since January 8, 2018 according to SRatingsIntel. The rating was downgraded by Nomura to “Hold” on Monday, January 29. The stock has “Buy” rating by Daiwa Securities on Monday, April 9. The firm earned “Neutral” rating on Friday, May 18 by Credit Suisse. The firm has “Overweight” rating given on Thursday, February 15 by Morgan Stanley. The firm has “Equal-Weight” rating given on Monday, April 16 by Barclays Capital. The firm has “Outperform” rating given on Wednesday, February 14 by Daiwa Securities. The firm earned “Buy” rating on Monday, January 8 by Wells Fargo. Jefferies maintained the shares of BIDU in report on Wednesday, February 14 with “Hold” rating. The company was upgraded on Friday, May 11 by Bernstein. The rating was maintained by Oppenheimer with “Buy” on Sunday, May 20.

Baidu, Inc. (NASDAQ:BIDU) Ratings Chart

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