Gilder Gagnon Howe & Co. LLC boosted its stake in Baidu Inc. (NASDAQ:BIDU) by 7.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 338,678 shares of the company’s stock after buying an additional 23,910 shares during the period. Gilder Gagnon Howe & Co. LLC owned 0.10% of Baidu worth $55,933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. M&T Bank Corp boosted its position in shares of Baidu by 14.8% in the first quarter. M&T Bank Corp now owns 14,774 shares of the company’s stock valued at $2,820,000 after buying an additional 1,909 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in shares of Baidu during the first quarter valued at about $69,890,000. BB&T Securities LLC boosted its position in shares of Baidu by 22.1% in the first quarter. BB&T Securities LLC now owns 12,071 shares of the company’s stock valued at $2,304,000 after buying an additional 2,181 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Baidu by 3.4% in the first quarter. Lazard Asset Management LLC now owns 6,456,232 shares of the company’s stock valued at $1,232,364,000 after buying an additional 214,054 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of Baidu by 144.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 12,109 shares of the company’s stock valued at $2,311,000 after buying an additional 7,161 shares in the last quarter. Hedge funds and other institutional investors own 63.22% of the company’s stock.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Shares of Baidu Inc. (NASDAQ:BIDU) traded down 0.33% during trading on Wednesday, reaching $175.07. The company’s stock had a trading volume of 505,241 shares. The firm’s 50-day moving average is $182.92 and its 200-day moving average is $174.61. The stock has a market capitalization of $60.68 billion, a PE ratio of 12.89 and a beta of 2.17. Baidu Inc. has a 12-month low of $139.61 and a 12-month high of $217.97.

Several research analysts have recently issued reports on BIDU shares. Brean Capital restated a “buy” rating on shares of Baidu in a report on Tuesday, June 21st. Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $180.48 target price on the stock. in a report on Thursday, June 30th. Nomura cut their target price on shares of Baidu from $187.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. Credit Suisse Group AG restated an “outperform” rating and issued a $190.00 target price on shares of Baidu in a report on Wednesday, July 20th. Finally, Citigroup Inc. cut their target price on shares of Baidu from $180.00 to $179.00 and set a “neutral” rating on the stock in a report on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $195.46.

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.

5 Day Chart for NASDAQ:BIDU

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