Flowering Tree Investment Management Pte. Ltd. decreased its holdings in Baidu, Inc. (NASDAQ:BIDU) by 51.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,331 shares of the information services provider’s stock after selling 91,707 shares during the quarter. Baidu accounts for about 8.3% of Flowering Tree Investment Management Pte. Ltd.’s portfolio, making the stock its 5th largest holding. Flowering Tree Investment Management Pte. Ltd.’s holdings in Baidu were worth $15,262,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its stake in Baidu by 4,625.7% in the 1st quarter. BlackRock Inc. now owns 11,974,528 shares of the information services provider’s stock worth $2,065,846,000 after purchasing an additional 11,721,135 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in Baidu by 8.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 7,639,967 shares of the information services provider’s stock worth $1,318,047,000 after purchasing an additional 621,382 shares in the last quarter. Franklin Resources Inc. increased its holdings in Baidu by 7.4% in the 2nd quarter. Franklin Resources Inc. now owns 7,219,564 shares of the information services provider’s stock valued at $1,291,291,000 after buying an additional 498,060 shares during the period. Harris Associates L P increased its holdings in Baidu by 9.0% in the 1st quarter. Harris Associates L P now owns 6,948,582 shares of the information services provider’s stock valued at $1,198,769,000 after buying an additional 572,298 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in Baidu by 2.4% in the 1st quarter. Lazard Asset Management LLC now owns 5,741,885 shares of the information services provider’s stock valued at $990,588,000 after buying an additional 132,261 shares during the period. Institutional investors and hedge funds own 64.15% of the company’s stock.

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Shares of Baidu, Inc. (NASDAQ:BIDU) traded up 0.27% during mid-day trading on Friday, reaching $237.97. 1,234,652 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $225.91 and a 200 day moving average of $191.76. Baidu, Inc. has a one year low of $159.54 and a one year high of $238.08. The firm has a market capitalization of $82.52 billion, a P/E ratio of 43.88 and a beta of 1.98.

Several equities analysts have commented on BIDU shares. Vetr raised shares of Baidu from a “sell” rating to a “strong-buy” rating and set a $265.83 target price on the stock in a report on Wednesday, September 6th. Deutsche Bank AG reissued a “hold” rating and issued a $201.00 target price (up from $186.00) on shares of Baidu in a report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and issued a $208.00 target price on shares of Baidu in a report on Saturday, July 22nd. Erste Group raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Monday, August 21st. Finally, Instinet raised shares of Baidu from a “neutral” rating to a “buy” rating and raised their target price for the company from $180.00 to $241.00 in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Baidu has an average rating of “Buy” and a consensus price target of $213.36.

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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