PM CAPITAL Ltd held its position in shares of Baidu Inc. (NASDAQ:BIDU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,805 shares of the company’s stock at the end of the second quarter. Baidu makes up approximately 0.5% of PM CAPITAL Ltd’s holdings, making the stock its 22nd largest position. PM CAPITAL Ltd’s holdings in Baidu were worth $2,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BIDU. British Airways Pensions Investment Management Ltd increased its position in shares of Baidu by 76.3% in the second quarter. British Airways Pensions Investment Management Ltd now owns 138,767 shares of the company’s stock valued at $23,008,000 after buying an additional 60,058 shares in the last quarter. Deltec Asset Management LLC boosted its stake in shares of Baidu by 18.7% in the second quarter. Deltec Asset Management LLC now owns 24,775 shares of the company’s stock valued at $4,092,000 after buying an additional 3,900 shares during the last quarter. Strs Ohio boosted its stake in shares of Baidu by 271.4% in the second quarter. Strs Ohio now owns 36,400 shares of the company’s stock valued at $6,011,000 after buying an additional 26,600 shares during the last quarter. RS Investment Management Co. LLC boosted its stake in shares of Baidu by 80.8% in the second quarter. RS Investment Management Co. LLC now owns 30,098 shares of the company’s stock valued at $4,971,000 after buying an additional 13,449 shares during the last quarter. Finally, Pitcairn Co. boosted its stake in shares of Baidu by 16.6% in the second quarter. Pitcairn Co. now owns 8,582 shares of the company’s stock valued at $1,417,000 after buying an additional 1,219 shares during the last quarter. 63.21% of the stock is owned by institutional investors.

Shares of Baidu Inc. (NASDAQ:BIDU) traded up 5.18% during midday trading on Wednesday, reaching $196.03. 5,742,214 shares of the company’s stock traded hands. Baidu Inc. has a 1-year low of $130.77 and a 1-year high of $217.97. The stock has a market capitalization of $67.94 billion, a P/E ratio of 14.44 and a beta of 2.30. The firm’s 50-day moving average price is $176.34 and its 200 day moving average price is $174.80.

Several analysts have commented on BIDU shares. Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $180.48 price target on the stock. in a research note on Thursday, June 30th. Brean Capital reiterated a “buy” rating on shares of Baidu in a research note on Tuesday, June 21st. Jefferies Group reiterated a “buy” rating and issued a $203.00 price target on shares of Baidu in a research note on Tuesday, June 7th. Finally, Goldman Sachs Group Inc. decreased their price target on shares of Baidu from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, June 14th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $196.19.

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

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