Asset Dedication LLC continued to hold its position in Baidu, Inc. (NASDAQ:BIDU) during the second quarter, Holdings Channel reports. The institutional investor owned 1,392 shares of the information services provider’s stock at the end of the second quarter. Asset Dedication LLC’s holdings in Baidu were worth $245,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. DnB Asset Management AS boosted its position in Baidu by 289.3% in the first quarter. DnB Asset Management AS now owns 572,055 shares of the information services provider’s stock valued at $98,691,000 after buying an additional 425,113 shares during the last quarter. Atria Investments LLC boosted its position in Baidu by 4.7% in the first quarter. Atria Investments LLC now owns 3,943 shares of the information services provider’s stock valued at $680,000 after buying an additional 177 shares during the last quarter. Marathon Asset Management LLP boosted its position in Baidu by 3.5% in the first quarter. Marathon Asset Management LLP now owns 478,193 shares of the information services provider’s stock valued at $82,498,000 after buying an additional 16,042 shares during the last quarter. Bank of Montreal Can boosted its position in Baidu by 29.4% in the first quarter. Bank of Montreal Can now owns 263,820 shares of the information services provider’s stock valued at $45,513,000 after buying an additional 59,957 shares during the last quarter. Finally, Highland Capital Management LLC boosted its position in Baidu by 8.3% in the first quarter. Highland Capital Management LLC now owns 4,685 shares of the information services provider’s stock valued at $808,000 after buying an additional 360 shares during the last quarter. 64.44% of the stock is currently owned by institutional investors.

Baidu, Inc. (BIDU) traded down 0.17% on Monday, reaching $188.23. 2,800,889 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $183.83 and its 200-day moving average is $177.30. Baidu, Inc. has a 12 month low of $156.23 and a 12 month high of $197.80. The firm has a market cap of $65.29 billion, a PE ratio of 41.09 and a beta of 1.91.

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BIDU has been the topic of several research analyst reports. Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 price objective on the stock. in a research report on Monday, May 8th. Benchmark Co. initiated coverage on shares of Baidu in a research report on Tuesday, April 18th. They set a “buy” rating and a $190.00 price objective on the stock. Jefferies Group LLC set a $188.00 price objective on shares of Baidu and gave the stock a “buy” rating in a research report on Saturday, April 1st. HSBC Holdings plc reiterated a “buy” rating and set a $223.00 price objective on shares of Baidu in a research report on Monday, July 10th. Finally, TheStreet cut shares of Baidu from a “b-” rating to a “c+” rating in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $189.02.

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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