OLD National Bancorp IN cut its position in shares of Baidu Inc. (NASDAQ:BIDU) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 1,323 shares of the company’s stock after selling 23 shares during the period. OLD National Bancorp IN’s holdings in Baidu were worth $218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BIDU. Cornerstone Advisors Inc. raised its position in shares of Baidu by 0.8% in the second quarter. Cornerstone Advisors Inc. now owns 605 shares of the company’s stock valued at $100,000 after buying an additional 5 shares in the last quarter. Huntington National Bank raised its position in shares of Baidu by 38.2% in the second quarter. Huntington National Bank now owns 622 shares of the company’s stock valued at $103,000 after buying an additional 172 shares in the last quarter. Signaturefd LLC raised its position in shares of Baidu by 45.0% in the second quarter. Signaturefd LLC now owns 741 shares of the company’s stock valued at $122,000 after buying an additional 230 shares in the last quarter. WealthTrust Arizona LLC raised its position in shares of Baidu by 12.1% in the second quarter. WealthTrust Arizona LLC now owns 777 shares of the company’s stock valued at $128,000 after buying an additional 84 shares in the last quarter. Finally, Barnett & Company Inc. bought a new position in shares of Baidu during the first quarter valued at about $164,000. Institutional investors own 63.26% of the company’s stock.

Shares of Baidu Inc. (NASDAQ:BIDU) traded up 1.02% during midday trading on Tuesday, reaching $186.63. 1,841,626 shares of the company’s stock were exchanged. Baidu Inc. has a one year low of $130.77 and a one year high of $217.97. The stock has a market cap of $64.69 billion, a price-to-earnings ratio of 13.75 and a beta of 2.30. The firm has a 50 day moving average of $174.67 and a 200-day moving average of $174.59.

Several brokerages recently issued reports on BIDU. Vetr lowered Baidu from a “buy” rating to a “hold” rating and set a $192.71 target price for the company. in a research report on Thursday, September 15th. Nomura reaffirmed a “neutral” rating and set a $155.00 target price on shares of Baidu in a research report on Tuesday, September 6th. JPMorgan Chase & Co. began coverage on Baidu in a research report on Wednesday, August 31st. They set an “underweight” rating and a $164.00 target price for the company. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $188.00 target price (down from $196.00) on shares of Baidu in a research report on Tuesday, August 2nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $182.00 target price (down from $199.00) on shares of Baidu in a research report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company’s stock. Baidu currently has a consensus rating of “Buy” and an average target price of $194.34.

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.

5 Day Chart for NASDAQ:BIDU

Want to see what other hedge funds are holding BIDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baidu Inc. (NASDAQ:BIDU).

Receive News & Ratings for Baidu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.