Ameriprise Financial Inc. boosted its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 25.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 300,156 shares of the information services provider’s stock after purchasing an additional 61,442 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.09% of Baidu worth $53,683,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Grove Bank & Trust boosted its position in Baidu by 74.2% during the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock worth $106,000 after purchasing an additional 253 shares in the last quarter. Comgest Global Investors S.A.S. boosted its position in Baidu by 9.1% during the second quarter. Comgest Global Investors S.A.S. now owns 2,659,934 shares of the information services provider’s stock worth $475,756,000 after purchasing an additional 222,300 shares in the last quarter. Hosking Partners LLP boosted its position in Baidu by 1.6% during the second quarter. Hosking Partners LLP now owns 72,586 shares of the information services provider’s stock worth $12,983,000 after purchasing an additional 1,172 shares in the last quarter. Veritas Asset Management LLP boosted its position in Baidu by 37.1% during the second quarter. Veritas Asset Management LLP now owns 3,404,298 shares of the information services provider’s stock worth $608,893,000 after purchasing an additional 920,687 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in Baidu by 1.5% during the first quarter. Neuberger Berman Group LLC now owns 1,307,575 shares of the information services provider’s stock worth $225,583,000 after purchasing an additional 19,932 shares in the last quarter. Institutional investors own 64.14% of the company’s stock.

BIDU has been the topic of a number of research analyst reports. ValuEngine upgraded Baidu from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Vetr upgraded Baidu from a “buy” rating to a “strong-buy” rating and set a $205.36 target price on the stock in a research report on Monday, June 12th. BidaskClub downgraded Baidu from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Jefferies Group LLC reiterated a “buy” rating and set a $208.00 target price on shares of Baidu in a research report on Monday, June 19th. Finally, TheStreet downgraded Baidu from a “b-” rating to a “c+” rating in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Baidu has an average rating of “Buy” and an average target price of $215.51.

Shares of Baidu, Inc. (NASDAQ:BIDU) opened at 237.96 on Thursday. The stock has a market cap of $82.52 billion, a P/E ratio of 43.88 and a beta of 1.98. Baidu, Inc. has a 52-week low of $159.54 and a 52-week high of $240.43. The firm’s 50-day moving average price is $227.76 and its 200-day moving average price is $193.39.

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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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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