Investec Asset Management LTD trimmed its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 54.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,542 shares of the information services provider’s stock after selling 41,668 shares during the period. Investec Asset Management LTD’s holdings in Baidu were worth $6,357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd lifted its holdings in shares of Baidu by 111.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 295,271 shares of the information services provider’s stock valued at $52,812,000 after purchasing an additional 155,603 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in Baidu by 4.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 7,975,135 shares of the information services provider’s stock worth $1,426,433,000 after acquiring an additional 335,168 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Baidu in the 2nd quarter worth about $286,000. PNC Financial Services Group Inc. lifted its stake in Baidu by 1.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 48,048 shares of the information services provider’s stock worth $8,595,000 after acquiring an additional 775 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in Baidu by 24.6% in the 2nd quarter. ProShare Advisors LLC now owns 78,917 shares of the information services provider’s stock worth $14,115,000 after acquiring an additional 15,594 shares in the last quarter. 64.14% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on BIDU shares. ValuEngine raised Baidu from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $205.36 price objective for the company in a research note on Monday, June 12th. BidaskClub downgraded Baidu from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Jefferies Group LLC reissued a “buy” rating and issued a $208.00 price objective on shares of Baidu in a research note on Monday, June 19th. Finally, TheStreet downgraded Baidu from a “b-” rating to a “c+” rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $215.51.

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Shares of Baidu, Inc. (NASDAQ BIDU) opened at 238.965 on Wednesday. The firm has a market capitalization of $82.86 billion, a PE ratio of 44.065 and a beta of 1.98. The stock has a 50 day moving average price of $227.77 and a 200 day moving average price of $193.39. Baidu, Inc. has a 1-year low of $159.54 and a 1-year high of $240.43.

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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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