Himalaya Capital Management LLC purchased a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,800 shares of the information services provider’s stock, valued at approximately $1,037,000. Baidu comprises approximately 17.8% of Himalaya Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust grew its position in shares of Baidu by 74.2% in the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 253 shares during the period. Comgest Global Investors S.A.S. increased its stake in Baidu by 9.1% in the second quarter. Comgest Global Investors S.A.S. now owns 2,659,934 shares of the information services provider’s stock valued at $475,756,000 after purchasing an additional 222,300 shares during the last quarter. AXA increased its stake in Baidu by 5.7% in the second quarter. AXA now owns 506,866 shares of the information services provider’s stock valued at $90,658,000 after purchasing an additional 27,420 shares during the last quarter. Lazard Asset Management LLC increased its stake in Baidu by 2.4% in the second quarter. Lazard Asset Management LLC now owns 5,879,990 shares of the information services provider’s stock valued at $1,051,693,000 after purchasing an additional 138,105 shares during the last quarter. Finally, Hosking Partners LLP increased its stake in Baidu by 1.6% in the second quarter. Hosking Partners LLP now owns 72,586 shares of the information services provider’s stock valued at $12,983,000 after purchasing an additional 1,172 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors.

Baidu, Inc. (BIDU) traded up 0.12% on Tuesday, hitting $248.98. The company had a trading volume of 1,177,989 shares. Baidu, Inc. has a 12-month low of $159.54 and a 12-month high of $250.57. The firm’s 50 day moving average price is $231.52 and its 200 day moving average price is $197.76. The stock has a market cap of $86.34 billion, a P/E ratio of 45.38 and a beta of 1.99.

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BIDU has been the topic of several recent analyst reports. TheStreet upgraded Baidu from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $208.00 price target on shares of Baidu in a report on Saturday, July 22nd. Nomura upgraded Baidu from a “neutral” rating to a “buy” rating and set a $241.00 price target for the company in a report on Monday, July 31st. HSBC Holdings plc reaffirmed a “buy” rating and set a $223.00 price objective on shares of Baidu in a research note on Monday, July 10th. Finally, Instinet raised shares of Baidu from a “neutral” rating to a “buy” rating and upped their price objective for the company from $180.00 to $241.00 in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $223.12.

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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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