1st Global Advisors Inc. raised its stake in Baidu, Inc. (NASDAQ:BIDU) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,610 shares of the information services provider’s stock after buying an additional 219 shares during the period. 1st Global Advisors Inc.’s holdings in Baidu were worth $646,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Grove Bank & Trust boosted its position in Baidu by 74.2% in the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock valued at $106,000 after buying an additional 253 shares in the last quarter. Comgest Global Investors S.A.S. boosted its position in Baidu by 9.1% in the second quarter. Comgest Global Investors S.A.S. now owns 2,659,934 shares of the information services provider’s stock valued at $475,756,000 after buying an additional 222,300 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in Baidu in the second quarter valued at approximately $559,000. Lazard Asset Management LLC boosted its position in Baidu by 2.4% in the second quarter. Lazard Asset Management LLC now owns 5,879,990 shares of the information services provider’s stock valued at $1,051,693,000 after buying an additional 138,105 shares in the last quarter. Finally, AXA boosted its position in Baidu by 5.7% in the second quarter. AXA now owns 506,866 shares of the information services provider’s stock valued at $90,658,000 after buying an additional 27,420 shares in the last quarter. Hedge funds and other institutional investors own 64.09% of the company’s stock.

Baidu, Inc. (NASDAQ:BIDU) traded up 0.729% during midday trading on Monday, reaching $264.595. 560,160 shares of the company’s stock traded hands. Baidu, Inc. has a 52-week low of $159.54 and a 52-week high of $265.86. The stock has a market cap of $91.75 billion, a P/E ratio of 48.231 and a beta of 1.99. The company’s 50-day moving average price is $239.51 and its 200-day moving average price is $203.13.

A number of analysts have weighed in on BIDU shares. Jefferies Group LLC restated a “buy” rating and issued a $208.00 target price on shares of Baidu in a research report on Monday, June 19th. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. TheStreet lowered shares of Baidu from a “b-” rating to a “c+” rating in a research report on Thursday, June 22nd. HSBC Holdings plc restated a “buy” rating and issued a $223.00 target price on shares of Baidu in a research report on Monday, July 10th. Finally, Sanford C. Bernstein restated an “underperform” rating and issued a $152.00 target price (down previously from $188.00) on shares of Baidu in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. Baidu presently has an average rating of “Buy” and an average price target of $223.12.

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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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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