Telemus Capital LLC acquired a new stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,551 shares of the information services provider’s stock, valued at approximately $635,000.
Several other institutional investors also recently added to or reduced their stakes in BIDU. Harris Associates L P increased its position in Baidu by 9.0% in the first quarter. Harris Associates L P now owns 6,948,582 shares of the information services provider’s stock valued at $1,198,769,000 after buying an additional 572,298 shares during the period. Capital Fund Management S.A. increased its position in Baidu by 67.4% in the first quarter. Capital Fund Management S.A. now owns 33,637 shares of the information services provider’s stock valued at $5,803,000 after buying an additional 13,549 shares during the period. Neuberger Berman Group LLC increased its position in Baidu by 1.5% in the first quarter. Neuberger Berman Group LLC now owns 1,307,575 shares of the information services provider’s stock valued at $225,583,000 after buying an additional 19,932 shares during the period. Holderness Investments Co. acquired a new position in Baidu during the first quarter valued at approximately $367,000. Finally, Wells Fargo & Company MN increased its position in Baidu by 20.2% in the first quarter. Wells Fargo & Company MN now owns 774,706 shares of the information services provider’s stock valued at $133,653,000 after buying an additional 130,060 shares during the period. Hedge funds and other institutional investors own 64.67% of the company’s stock.
Baidu, Inc. (NASDAQ BIDU) opened at 226.05 on Friday. Baidu, Inc. has a 12-month low of $159.54 and a 12-month high of $230.34. The company has a market cap of $78.39 billion, a PE ratio of 42.64 and a beta of 1.95. The stock has a 50 day moving average of $187.72 and a 200-day moving average of $181.17.
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Several equities analysts recently commented on BIDU shares. Vetr downgraded shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 price target on the stock. in a research note on Monday, May 8th. Deutsche Bank AG restated a “hold” rating and issued a $201.00 price target (up from $186.00) on shares of Baidu in a research note on Wednesday, July 26th. Jefferies Group LLC restated a “buy” rating and issued a $208.00 price target on shares of Baidu in a research note on Saturday, July 22nd. Instinet upgraded shares of Baidu from a “neutral” rating to a “buy” rating and upped their price target for the company from $180.00 to $241.00 in a research note on Monday, July 31st. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a $190.00 price target on shares of Baidu in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Baidu presently has an average rating of “Buy” and a consensus price target of $209.80.
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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