Maple Brown Abbott Ltd raised its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 366,279 shares of the information services provider’s stock after buying an additional 8,836 shares during the period. Baidu comprises 6.7% of Maple Brown Abbott Ltd’s investment portfolio, making the stock its 7th largest position. Maple Brown Abbott Ltd’s holdings in Baidu were worth $65,513,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BIDU. BlackRock Inc. increased its stake in Baidu by 4,625.7% in the first quarter. BlackRock Inc. now owns 11,974,528 shares of the information services provider’s stock valued at $2,065,846,000 after buying an additional 11,721,135 shares during the last quarter. Cambiar Investors LLC acquired a new stake in Baidu during the second quarter valued at about $274,670,000. Edinburgh Partners Ltd increased its stake in Baidu by 65,315.3% in the first quarter. Edinburgh Partners Ltd now owns 798,721 shares of the information services provider’s stock valued at $137,787,000 after buying an additional 797,500 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in Baidu by 8.9% in the first quarter. Artisan Partners Limited Partnership now owns 7,639,967 shares of the information services provider’s stock valued at $1,318,047,000 after buying an additional 621,382 shares during the last quarter. Finally, Causeway Capital Management LLC increased its stake in Baidu by 20.4% in the first quarter. Causeway Capital Management LLC now owns 3,604,537 shares of the information services provider’s stock valued at $621,855,000 after buying an additional 611,124 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Baidu, Inc. (NASDAQ:BIDU) opened at 230.30 on Thursday. The stock has a market cap of $79.86 billion, a price-to-earnings ratio of 43.16 and a beta of 1.95. Baidu, Inc. has a 12-month low of $159.54 and a 12-month high of $233.37. The firm’s 50-day moving average price is $196.29 and its 200-day moving average price is $183.30.

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BIDU has been the subject of several research reports. Jefferies Group LLC lifted their price target on shares of Baidu from $188.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, May 1st. J P Morgan Chase & Co reissued a “neutral” rating and issued a $190.00 price target on shares of Baidu in a research report on Friday, April 28th. Benchmark Co. initiated coverage on shares of Baidu in a research report on Tuesday, April 18th. They issued a “buy” rating and a $190.00 price target for the company. Vetr raised shares of Baidu from a “buy” rating to a “strong-buy” rating and set a $198.65 price target for the company in a research report on Thursday, May 4th. Finally, Sanford C. Bernstein reissued an “underperform” rating and issued a $152.00 price target (down previously from $188.00) on shares of Baidu in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $209.80.

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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