Cortland Associates Inc decreased its stake in Baidu Inc (BIDU) by 2.11% based on its latest 2019Q2 regulatory filing with the SEC. Cortland Associates Inc sold 2,598 shares as the company’s stock declined 32.47% . The institutional investor held 120,484 shares of the technology company at the end of 2019Q2, valued at $14.14M, down from 123,082 at the end of the previous reported quarter. Cortland Associates Inc who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $36.47B market cap company. The stock increased 2.74% or $2.79 during the last trading session, reaching $104.64. About 5.30 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has declined 55.57% since November 3, 2018 and is downtrending. It has underperformed by 55.57% the S&P500. Some Historical BIDU News: 21/05/2018 – Baidu Enters into Definitive Agreements to Divest its Global DU Business; 07/03/2018 ATOMWISE – RAISED $45 MLN OF GROWTH FUNDING, LED BY MONSANTO GROWTH VENTURES, DCVC, AND B CAPITAL GROUP; 02/04/2018 – CHONGQING SOKON INDUSTRY 601127.SS SAYS IT SIGNS STRATEGIC AGREEMENT WITH BAIDU ON AREAS INCLUDING AUTOPILOT; 16/03/2018 – SKYWORTHDIGITAL SAYS INVESTOR IS A S...