Bank of Nova Scotia maintained its stake in Baidu, Inc. (NASDAQ:BIDU) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,300 shares of the information services provider’s stock at the end of the second quarter. Bank of Nova Scotia’s holdings in Baidu were worth $6,493,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Grove Bank & Trust grew its holdings in shares of Baidu by 74.2% in the 2nd quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock worth $106,000 after acquiring an additional 253 shares during the last quarter. Comgest Global Investors S.A.S. grew its holdings in shares of Baidu by 9.1% in the 2nd 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 acquiring an additional 222,300 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Baidu in the 2nd quarter worth $559,000. Lazard Asset Management LLC grew its holdings in shares of Baidu by 2.4% in the 2nd quarter. Lazard Asset Management LLC now owns 5,879,990 shares of the information services provider’s stock worth $1,051,693,000 after acquiring an additional 138,105 shares during the last quarter. Finally, AXA grew its holdings in shares of Baidu by 5.7% in the 2nd quarter. AXA now owns 506,866 shares of the information services provider’s stock worth $90,658,000 after acquiring an additional 27,420 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Shares of Baidu, Inc. (BIDU) opened at 262.68 on Friday. Baidu, Inc. has a 52-week low of $159.54 and a 52-week high of $264.66. The company’s 50-day moving average price is $239.51 and its 200-day moving average price is $202.89. The company has a market capitalization of $91.09 billion, a price-to-earnings ratio of 47.88 and a beta of 1.99.

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A number of brokerages have recently weighed in on BIDU. Zacks Investment Research upgraded Baidu from a “hold” rating to a “buy” rating and set a $265.00 price target on the stock in a report on Wednesday, September 27th. HSBC Holdings plc reiterated a “buy” rating and set a $282.00 price target (up previously from $245.00) on shares of Baidu in a report on Wednesday, September 27th. Wells Fargo & Company began coverage on Baidu in a report on Tuesday, September 26th. They set an “outperform” rating and a $290.00 price target on the stock. Vetr upgraded Baidu from a “buy” rating to a “strong-buy” rating and set a $265.83 price target on the stock in a report on Tuesday, September 26th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $263.00 price target on shares of Baidu in a report on Monday, September 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $223.12.

Baidu 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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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