First Trust Advisors LP increased its position in Baidu Inc (NASDAQ:BIDU) by 18.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 502,284 shares of the information services provider’s stock after buying an additional 79,409 shares during the period. First Trust Advisors LP’s holdings in Baidu were worth $89,839,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BIDU. Raymond James Trust N.A. boosted its stake in shares of Baidu by 3.8% in the first quarter. Raymond James Trust N.A. now owns 1,321 shares of the information services provider’s stock valued at $228,000 after buying an additional 48 shares during the period. Highland Capital Management LLC boosted its stake in shares of 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 period. Bank of Montreal Can boosted its stake in shares of 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 period. Atria Investments LLC boosted its stake in shares of 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 period. Finally, DnB Asset Management AS boosted its stake in shares of 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 period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Baidu Inc (BIDU) opened at 222.57 on Friday. The firm’s 50-day moving average price is $197.50 and its 200 day moving average price is $183.58. Baidu Inc has a 12-month low of $159.54 and a 12-month high of $233.37. The firm has a market cap of $77.18 billion, a P/E ratio of 41.71 and a beta of 1.95.

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Several analysts have recently commented on BIDU shares. Benchmark Co. started coverage on Baidu in a research report on Tuesday, April 18th. They issued a “buy” rating and a $190.00 target price for the company. Vetr cut Baidu from a “strong-buy” rating to a “buy” rating and set a $196.20 target price for the company. in a research report on Wednesday, April 19th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $190.00 target price on shares of Baidu in a research report on Friday, April 28th. Credit Suisse Group reaffirmed a “hold” rating and issued a $180.00 target price on shares of Baidu in a research report on Friday, April 28th. Finally, Jefferies Group LLC lifted their price objective on Baidu from $188.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus 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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