Aviva PLC boosted its stake in Baidu, Inc. (NASDAQ:BIDU) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,904 shares of the information services provider’s stock after buying an additional 1,476 shares during the period. Aviva PLC’s holdings in Baidu were worth $10,714,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BIDU. BlackRock Inc. raised its position in shares of Baidu by 4,625.7% in the first quarter. BlackRock Inc. now owns 11,974,528 shares of the information services provider’s stock valued at $2,065,846,000 after buying an additional 11,721,135 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of Baidu by 8.9% in the first quarter. Artisan Partners Limited Partnership now owns 7,639,967 shares of the information services provider’s stock valued at $1,318,047,000 after buying an additional 621,382 shares during the last quarter. Harris Associates L P raised its position in shares of 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 last quarter. Lazard Asset Management LLC raised its position in shares of Baidu by 2.4% in the first quarter. Lazard Asset Management LLC now owns 5,741,885 shares of the information services provider’s stock valued at $990,588,000 after buying an additional 132,261 shares during the last quarter. Finally, State Street Corp raised its position in shares of Baidu by 5.7% in the first quarter. State Street Corp now owns 4,532,089 shares of the information services provider’s stock valued at $781,879,000 after buying an additional 242,459 shares during the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.
Shares of Baidu, Inc. (NASDAQ BIDU) opened at 225.55 on Friday. Baidu, Inc. has a 52-week low of $159.54 and a 52-week high of $233.37. The firm has a 50-day moving average price of $210.64 and a 200-day moving average price of $187.42. The stock has a market capitalization of $78.21 billion, a P/E ratio of 42.00 and a beta of 1.95.
WARNING: This story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://stocknewstimes.com/2017/08/27/aviva-plc-purchases-1476-shares-of-baidu-inc-bidu.html.
Several research analysts have issued reports on BIDU shares. BidaskClub upgraded Baidu from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Vetr upgraded Baidu from a “sell” rating to a “buy” rating and set a $244.58 price target on the stock in a report on Monday, July 31st. TheStreet upgraded Baidu from a “c+” rating to a “b” rating in a report on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $208.00 price target on shares of Baidu in a report on Monday, June 19th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $201.00 price target (up previously from $186.00) on shares of Baidu in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus 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.
Receive News & Ratings for Baidu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
