Bp Plc Maintains Position in Baidu, Inc. (BIDU)

Bp Plc maintained its stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,260 shares of the information services provider’s stock at the end of the second quarter. Baidu makes up about 0.9% of Bp Plc’s holdings, making the stock its 17th largest position. Bp Plc’s holdings in Baidu were worth $24,542,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Profund Advisors LLC increased its stake 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 last quarter. Fisher Asset Management LLC increased its stake 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 last quarter. Rehmann Capital Advisory Group increased its stake 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 last quarter. Cortland Associates Inc. MO increased its stake 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 last quarter. Finally, Hollencrest Securities LLC increased its stake in shares of Baidu by 2.1% in the first quarter. Hollencrest Securities LLC now owns 1,687 shares of the information services provider’s stock valued at $291,000 after buying an additional 35 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Baidu, Inc. (NASDAQ:BIDU) opened at 227.16 on Tuesday. Baidu, Inc. has a 1-year low of $159.54 and a 1-year high of $230.00. The stock’s 50 day moving average is $187.72 and its 200-day moving average is $181.17. The firm has a market cap of $78.77 billion, a PE ratio of 42.85 and a beta of 1.95.

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

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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