Rehmann Capital Advisory Group raised its position in Baidu, Inc. (NASDAQ:BIDU) by 15.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,911 shares of the information services provider’s stock after buying an additional 253 shares during the period. Rehmann Capital Advisory Group’s holdings in Baidu were worth $342,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its position in Baidu by 4,625.7% in the first quarter. BlackRock Inc. now owns 11,974,528 shares of the information services provider’s stock worth $2,065,846,000 after buying an additional 11,721,135 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Baidu by 8.9% in the first quarter. Artisan Partners Limited Partnership now owns 7,639,967 shares of the information services provider’s stock worth $1,318,047,000 after buying an additional 621,382 shares during the last quarter. Harris Associates L P raised its position in Baidu by 9.0% in the first quarter. Harris Associates L P now owns 6,948,582 shares of the information services provider’s stock worth $1,198,769,000 after buying an additional 572,298 shares during the last quarter. Lazard Asset Management LLC raised its position in Baidu by 2.4% in the first quarter. Lazard Asset Management LLC now owns 5,741,885 shares of the information services provider’s stock worth $990,588,000 after buying an additional 132,261 shares during the last quarter. Finally, State Street Corp raised its position in Baidu by 5.7% in the first quarter. State Street Corp now owns 4,532,089 shares of the information services provider’s stock worth $781,879,000 after buying an additional 242,459 shares during the last quarter. 64.44% of the stock is currently owned by institutional investors and hedge funds.

Baidu, Inc. (BIDU) traded up 0.91% during mid-day trading on Wednesday, hitting $191.23. The stock had a trading volume of 963,762 shares. Baidu, Inc. has a 12 month low of $156.23 and a 12 month high of $197.80. The company has a market cap of $66.33 billion, a price-to-earnings ratio of 41.75 and a beta of 1.91. The firm’s 50-day moving average is $182.38 and its 200 day moving average is $179.12.

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BIDU has been the topic of a number of recent analyst reports. BidaskClub raised Baidu from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Barclays PLC initiated coverage on Baidu in a report on Tuesday, March 28th. They set an “equal weight” rating and a $195.00 target price on the stock. Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $205.36 target price on the stock in a report on Monday, June 12th. Jefferies Group LLC set a $188.00 target price on Baidu and gave the stock a “buy” rating in a report on Saturday, April 1st. Finally, Credit Suisse Group reissued a “hold” rating and set a $180.00 target price on shares of Baidu in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Baidu has an average rating of “Hold” and an average price target of $189.02.

Baidu Company Profile

Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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