Harvey Capital Management Inc. maintained its stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,500 shares of the information services provider’s stock at the end of the second quarter. Harvey Capital Management Inc.’s holdings in Baidu were worth $1,162,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Barnett & Company Inc. increased its stake in shares of Baidu by 10.3% in the first quarter. Barnett & Company Inc. now owns 800 shares of the information services provider’s stock worth $138,000 after buying an additional 75 shares during the period. Integrated Investment Consultants LLC bought a new stake in Baidu during the second quarter worth about $152,000. IHT Wealth Management LLC increased its stake in Baidu by 6.0% in the first quarter. IHT Wealth Management LLC now owns 1,141 shares of the information services provider’s stock worth $197,000 after buying an additional 65 shares during the last quarter. ProVise Management Group LLC bought a new stake in Baidu during the first quarter worth about $202,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Baidu during the first quarter worth about $202,000. Institutional investors and hedge funds own 64.44% of the company’s stock.
Baidu, Inc. (NASDAQ:BIDU) traded up 0.390% during trading on Thursday, reaching $191.655. The company had a trading volume of 634,907 shares. The company has a market capitalization of $66.48 billion, a PE ratio of 41.846 and a beta of 1.91. Baidu, Inc. has a 52-week low of $156.23 and a 52-week high of $197.80. The company has a 50 day moving average price of $182.41 and a 200 day moving average price of $179.20.
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BIDU has been the subject of several research reports. Jefferies Group LLC set a $188.00 price objective on shares of Baidu and gave the stock a “buy” rating in a research note on Saturday, April 1st. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. Sanford C. Bernstein reiterated an “underperform” rating and set a $152.00 price objective (down from $188.00) on shares of Baidu in a research note on Friday, July 14th. Vetr downgraded shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 price objective for the company. in a research note on Monday, May 8th. Finally, HSBC Holdings plc reiterated a “buy” rating and set a $223.00 price objective on shares of Baidu in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Baidu currently has an average rating of “Hold” and a consensus price target of $189.02.
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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