Kemnay Advisory Services Inc decreased its stake in Baidu Inc (BIDU) by 7.4% based on its latest 2018Q4 regulatory filing with the SEC. Kemnay Advisory Services Inc sold 3,577 shares as the company’s stock declined 14.60% while stock markets rallied. The institutional investor held 44,778 shares of the technology company at the end of 2018Q4, valued at $7.10M, down from 48,355 at the end of the previous reported quarter. Kemnay Advisory Services Inc who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $58.04 billion market cap company. The stock decreased 1.08% or $1.81 during the last trading session, reaching $166.12. About 3.39M shares traded or 12.81% up from the average. Baidu, Inc. (NASDAQ:BIDU) has declined 35.57% since April 28, 2018 and is downtrending. It has underperformed by 39.94% the S&P500. Some Historical BIDU News: 16/03/2018 – Baidu Announces Proposed Debt Offering; 18/05/2018 – Baidu: Qi Lu Will Continue to Serve as Vice Chmn
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