Legacy Capital Partners Inc. held its position in shares of Baidu, Inc. (NASDAQ:BIDU) during the second quarter, Holdings Channel reports. The firm owned 1,230 shares of the information services provider’s stock at the end of the second quarter. Legacy Capital Partners Inc.’s holdings in Baidu were worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Mycio Wealth Partners LLC purchased a new position in shares of Baidu during the first quarter valued at $332,000. Profund Advisors LLC raised its position in shares of Baidu by 14.4% in the first quarter. Profund Advisors LLC now owns 35,427 shares of the information services provider’s stock valued at $6,112,000 after buying an additional 4,446 shares during the period. Fisher Asset Management LLC raised its position in shares of Baidu by 33.7% in the first quarter. Fisher Asset Management LLC now owns 1,588,436 shares of the information services provider’s stock valued at $274,037,000 after buying an additional 400,412 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Baidu by 7.1% in the first quarter. Rehmann Capital Advisory Group now owns 1,658 shares of the information services provider’s stock valued at $286,000 after buying an additional 110 shares during the period. Finally, Cortland Associates Inc. MO raised its position in shares of Baidu by 1.6% in the first quarter. Cortland Associates Inc. MO now owns 156,429 shares of the information services provider’s stock valued at $26,987,000 after buying an additional 2,389 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Shares of Baidu, Inc. (BIDU) opened at 230.30 on Thursday. Baidu, Inc. has a 1-year low of $159.54 and a 1-year high of $233.37. The company’s 50-day moving average price is $196.29 and its 200 day moving average price is $183.30. The company has a market cap of $79.86 billion, a price-to-earnings ratio of 43.16 and a beta of 1.95.

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Several equities analysts have weighed in on the company. Vetr raised Baidu from a “sell” rating to a “buy” rating and set a $244.58 price objective for the company in a report on Monday, July 31st. Instinet raised Baidu from a “neutral” rating to a “buy” rating and increased their price objective for the company from $180.00 to $241.00 in a report on Monday, July 31st. HSBC Holdings plc reissued a “buy” rating and set a $245.00 price objective (up from $223.00) on shares of Baidu in a report on Tuesday, August 1st. BidaskClub raised Baidu from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, TheStreet raised Baidu from a “c+” rating to a “b” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price 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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