Pictet Asset Management Ltd. increased its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 38.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 866,989 shares of the information services provider’s stock after buying an additional 239,280 shares during the period. Pictet Asset Management Ltd.’s holdings in Baidu were worth $161,347,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in shares of Baidu by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,346 shares of the information services provider’s stock worth $232,000 after buying an additional 6 shares during the period. IFP Advisors Inc increased its position in Baidu by 0.6% in the first quarter. IFP Advisors Inc now owns 1,596 shares of the information services provider’s stock worth $275,000 after buying an additional 9 shares in the last quarter. Boston Private Wealth LLC increased its position in Baidu by 0.4% in the first quarter. Boston Private Wealth LLC now owns 2,018 shares of the information services provider’s stock worth $348,000 after buying an additional 9 shares in the last quarter. Cambridge Advisors Inc. increased its position in Baidu by 0.6% in the second quarter. Cambridge Advisors Inc. now owns 1,583 shares of the information services provider’s stock worth $283,000 after buying an additional 10 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Baidu by 0.6% in the first quarter. Ameritas Investment Partners Inc. now owns 4,949 shares of the information services provider’s stock worth $854,000 after buying an additional 28 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Shares of Baidu, Inc. (NASDAQ:BIDU) opened at 226.05 on Monday. Baidu, Inc. has a 52-week low of $159.54 and a 52-week high of $230.34. The company has a market capitalization of $78.39 billion, a P/E ratio of 42.64 and a beta of 1.95. The stock’s 50 day moving average price is $187.72 and its 200 day moving average price is $181.17.

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BIDU has been the subject of a number of research reports. TheStreet upgraded Baidu from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Vetr downgraded Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 target price for the company. in a research report on Monday, May 8th. Jefferies Group LLC reiterated a “buy” rating and set a $208.00 target price on shares of Baidu in a research report on Monday, June 19th. Benchmark Co. initiated coverage on Baidu in a research report on Tuesday, April 18th. They set a “buy” rating and a $190.00 target price for the company. Finally, HSBC Holdings plc reiterated a “buy” rating and set a $223.00 target price on shares of Baidu in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $209.80.

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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