Intrust Bank NA raised its holdings in Baidu, Inc. (NASDAQ:BIDU) by 8.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,669 shares of the information services provider’s stock after purchasing an additional 606 shares during the period. Intrust Bank NA’s holdings in Baidu were worth $1,899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tudor Investment Corp ET AL purchased a new stake in shares of Baidu in the second quarter valued at about $559,000. Grove Bank & Trust lifted its stake in shares of Baidu by 74.2% during the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock valued at $106,000 after buying an additional 253 shares during the period. Comgest Global Investors S.A.S. lifted its stake in shares of Baidu by 9.1% during 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 buying an additional 222,300 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Baidu by 2.4% during 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 buying an additional 138,105 shares during the period. Finally, AXA lifted its stake in shares of Baidu by 5.7% during the second quarter. AXA now owns 506,866 shares of the information services provider’s stock valued at $90,658,000 after buying an additional 27,420 shares during the period. 64.64% of the stock is currently owned by institutional investors.

Baidu, Inc. (NASDAQ BIDU) traded down $0.20 on Monday, reaching $237.20. 845,678 shares of the company were exchanged, compared to its average volume of 2,591,527. The firm has a market cap of $82,250.00, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.94. Baidu, Inc. has a 1-year low of $159.54 and a 1-year high of $274.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71.

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BIDU has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $208.00 price objective on shares of Baidu in a research note on Saturday, July 22nd. Deutsche Bank AG reissued a “hold” rating and set a $201.00 price objective (up previously from $186.00) on shares of Baidu in a research note on Wednesday, July 26th. Cantor Fitzgerald raised shares of Baidu from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $156.00 to $260.00 in a research note on Friday, July 28th. Macquarie raised shares of Baidu from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $189.00 to $252.00 in a research note on Friday, July 28th. Finally, Nomura raised shares of Baidu from a “neutral” rating to a “buy” rating and set a $241.00 price objective on the stock in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $234.70.

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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