ETRADE Capital Management LLC grew its holdings in Baidu, Inc. (NASDAQ:BIDU) by 294.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,994 shares of the information services provider’s stock after buying an additional 5,968 shares during the quarter. ETRADE Capital Management LLC’s holdings in Baidu were worth $1,430,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BIDU. UBS Asset Management Americas Inc. increased its stake in shares of Baidu by 3.5% in the first quarter. UBS Asset Management Americas Inc. now owns 3,578,044 shares of the information services provider’s stock valued at $617,284,000 after buying an additional 121,660 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Baidu by 63.9% in the first quarter. Baird Financial Group Inc. now owns 12,161 shares of the information services provider’s stock valued at $2,098,000 after buying an additional 4,743 shares in the last quarter. Hosking Partners LLP increased its stake in shares of Baidu by 9.9% in the first quarter. Hosking Partners LLP now owns 71,414 shares of the information services provider’s stock valued at $12,320,000 after buying an additional 6,427 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Baidu by 19.1% in the first quarter. Penserra Capital Management LLC now owns 12,837 shares of the information services provider’s stock valued at $2,214,000 after buying an additional 2,055 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Baidu by 0.6% in the first quarter. Ameritas Investment Partners Inc. now owns 4,949 shares of the information services provider’s stock valued at $854,000 after buying an additional 28 shares in the last quarter. Institutional investors own 64.14% of the company’s stock.

Baidu, Inc. (NASDAQ:BIDU) opened at 240.57 on Friday. The stock’s 50 day moving average price is $227.76 and its 200 day moving average price is $193.39. Baidu, Inc. has a 12-month low of $159.54 and a 12-month high of $242.70. The company has a market cap of $83.42 billion, a PE ratio of 43.85 and a beta of 1.98.

A number of brokerages have recently weighed in on BIDU. Vetr lowered Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 target price for the company. in a research note on Tuesday. Bank of America Corporation restated a “buy” rating and issued a $263.00 target price on shares of Baidu in a research note on Monday, September 18th. Citigroup Inc. restated a “hold” rating and issued a $253.00 target price on shares of Baidu in a research note on Thursday, September 14th. Credit Suisse Group restated an “outperform” rating on shares of Baidu in a research note on Thursday, August 31st. Finally, Macquarie restated a “top pick” rating on shares of Baidu in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $215.51.

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About Baidu

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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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