As Baidu INC (BIDU) Valuation Rose, Holder Harding Loevner LP Has Cut Its Holding

March 14, 2018 - By Michael Collier

Harding Loevner Lp decreased its stake in Baidu Inc (BIDU) by 8.25% based on its latest 2017Q3 regulatory filing with the SEC. Harding Loevner Lp sold 324,255 shares as the company’s stock rose 1.94% with the market. The hedge fund held 3.61M shares of the technology company at the end of 2017Q3, valued at $893.74 million, down from 3.93M at the end of the previous reported quarter. Harding Loevner Lp who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $90.41 billion market cap company. The stock increased 0.51% or $1.32 during the last trading session, reaching $259.67. About 1.73M shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since March 14, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Harding Loevner Lp, which manages about $36.30B and $17.58 billion US Long portfolio, upped its stake in Sap Se (NYSE:SAP) by 349,347 shares to 6.06 million shares, valued at $664.67M in 2017Q3, according to the filing. It also increased its holding in Credicorp Ltd (NYSE:BAP) by 17,695 shares in the quarter, for a total of 1.05M shares, and has risen its stake in Unilever Plc (NYSE:UL).

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on April, 26. They expect $1.33 earnings per share, up 101.52 % or $0.67 from last year’s $0.66 per share. BIDU’s profit will be $463.05 million for 48.81 P/E if the $1.33 EPS becomes a reality. After $1.90 actual earnings per share reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -30.00 % negative EPS growth.

More notable recent Baidu, Inc. (NASDAQ:BIDU) news were published by: which released: “10 Reasons to Buy Baidu Inc (ADR) Stock and Never Sell” on January 15, 2018, also with their article: “The Rally in Momo Inc (ADR) Stock Has More Runway Ahead” published on March 09, 2018, published: “Why Baidu Inc (ADR) Stock Could See a 20% Rally” on November 20, 2017. More interesting news about Baidu, Inc. (NASDAQ:BIDU) were released by: and their article: “Baidu Inc (ADR) Stock Is a Solid Bet After Earnings Spike” published on February 14, 2018 as well as‘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, 3 Sell and 12 Hold. Therefore 38% are positive. Baidu had 61 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Daiwa Securities given on Wednesday, February 14. On Tuesday, October 31 the stock rating was maintained by Oppenheimer with “Outperform”. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Buy” rating by Jefferies on Thursday, May 12. Summit Research downgraded Baidu, Inc. (NASDAQ:BIDU) on Wednesday, September 30 to “Hold” rating. As per Monday, October 30, the company rating was maintained by JP Morgan. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Tuesday, July 28 report. Credit Suisse maintained the stock with “Outperform” rating in Monday, February 22 report. As per Monday, October 31, the company rating was downgraded by Macquarie Research. The rating was downgraded by Macquarie Research on Friday, October 28 to “Neutral”. The firm has “Sector Weight” rating by Pacific Crest given on Tuesday, July 28.

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