BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp held its position in Baidu, Inc. (NASDAQ:BIDU) during the second quarter, Holdings Channel reports. The fund owned 61,350 shares of the information services provider’s stock at the end of the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Baidu were worth $10,973,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BIDU. 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 valued at $2,065,846,000 after buying an additional 11,721,135 shares during the period. Cambiar Investors LLC acquired a new position in Baidu during the second quarter valued at $274,670,000. Edinburgh Partners Ltd raised its position in Baidu by 65,315.3% in the first quarter. Edinburgh Partners Ltd now owns 798,721 shares of the information services provider’s stock valued at $137,787,000 after buying an additional 797,500 shares during the period. 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 valued at $1,318,047,000 after buying an additional 621,382 shares during the period. Finally, Causeway Capital Management LLC raised its position in Baidu by 20.4% in the first quarter. Causeway Capital Management LLC now owns 3,604,537 shares of the information services provider’s stock valued at $621,855,000 after buying an additional 611,124 shares during the period. 65.51% of the stock is owned by hedge funds and other institutional investors.

Shares of Baidu, Inc. (NASDAQ:BIDU) opened at 226.14 on Thursday. Baidu, Inc. has a one year low of $159.54 and a one year high of $233.37. The company has a market capitalization of $78.42 billion, a price-to-earnings ratio of 42.38 and a beta of 1.95. The firm’s 50-day moving average price is $202.84 and its 200-day moving average price is $185.06.

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Several research analysts have recently weighed in on BIDU shares. Jefferies Group LLC lifted their price objective on Baidu from $188.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. J P Morgan Chase & Co reissued a “neutral” rating and issued a $190.00 price objective on shares of Baidu in a research report on Friday, April 28th. Sanford C. Bernstein reissued an “underperform” rating and issued a $152.00 price objective (down from $188.00) on shares of Baidu in a research report on Friday, July 14th. Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $198.65 price objective for the company in a research report on Thursday, May 4th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $201.00 price objective (up from $186.00) on shares of Baidu in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target 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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