Harel Insurance Investments & Financial Services Ltd. boosted its position in Baidu Inc (NASDAQ:BIDU) by 140.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,200 shares of the information services provider’s stock after buying an additional 700 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Baidu were worth $215,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BIDU. Raymond James Trust N.A. raised its stake in 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 worth $228,000 after buying an additional 48 shares during the period. Highland Capital Management LLC raised its stake 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 worth $808,000 after buying an additional 360 shares during the period. Bank of Montreal Can raised its stake 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 worth $45,513,000 after buying an additional 59,957 shares during the period. Atria Investments LLC raised its stake in Baidu by 4.7% in the first quarter. Atria Investments LLC now owns 3,943 shares of the information services provider’s stock worth $680,000 after buying an additional 177 shares during the period. Finally, DnB Asset Management AS raised its stake 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 worth $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 (NASDAQ:BIDU) opened at 222.57 on Friday. The company’s 50-day moving average price is $197.50 and its 200-day moving average price is $183.58. The firm has a market capitalization of $77.18 billion, a P/E ratio of 41.71 and a beta of 1.95. Baidu Inc has a 1-year low of $159.54 and a 1-year high of $233.37.

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A number of equities research analysts have commented on BIDU shares. TheStreet upgraded Baidu from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Vetr lowered Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 price target on the stock. in a research report on Monday, May 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $208.00 price target on shares of Baidu in a research report on Monday, June 19th. Benchmark Co. started coverage on Baidu in a research report on Tuesday, April 18th. They issued a “buy” rating and a $190.00 price target on the stock. Finally, HSBC Holdings plc reiterated a “buy” rating and issued a $223.00 price target on shares of Baidu in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $209.80.

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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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