Private Bank & Trust Co. boosted its position in Baidu, Inc. (NASDAQ:BIDU) by 191.1% during the second quarter, Holdings Channel reports. The firm owned 4,009 shares of the information services provider’s stock after buying an additional 2,632 shares during the period. Private Bank & Trust Co.’s holdings in Baidu were worth $718,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake 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 valued at $2,065,846,000 after buying an additional 11,721,135 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of 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 period. Harris Associates L P boosted its position in shares of 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 period. Lazard Asset Management LLC boosted its position in shares of 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 period. Finally, State Street Corp boosted its position in shares of 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 period. Institutional investors and hedge funds own 64.68% of the company’s stock.

Baidu, Inc. (BIDU) traded up 2.55% during midday trading on Monday, hitting $198.10. The company’s stock had a trading volume of 1,998,965 shares. The company has a market cap of $68.72 billion, a PE ratio of 42.95 and a beta of 1.91. The stock has a 50 day moving average of $182.55 and a 200 day moving average of $179.29. Baidu, Inc. has a 52-week low of $156.23 and a 52-week high of $198.35.

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Several equities analysts have recently issued reports on the stock. Vetr downgraded shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 price target for the company. in a report on Monday, May 8th. Jefferies Group LLC boosted their price target on shares of Baidu from $188.00 to $208.00 and gave the company a “buy” rating in a report on Monday, May 1st. Benchmark Co. assumed coverage on shares of Baidu in a report on Tuesday, April 18th. They set a “buy” rating and a $190.00 price target for the company. HSBC Holdings plc reissued a “buy” rating and set a $223.00 price target on shares of Baidu in a report on Monday, July 10th. Finally, TheStreet downgraded shares of Baidu from a “b-” rating to a “c+” rating in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price 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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