Fisher Asset Management LLC raised its stake in Baidu Inc. (NASDAQ:BIDU) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,216,494 shares of the company’s stock after buying an additional 29,280 shares during the period. Fisher Asset Management LLC owned 0.35% of Baidu worth $221,487,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of BIDU. Causeway Capital Management LLC acquired a new stake in shares of Baidu during the second quarter valued at $453,930,000. Ruane Cunniff & Goldfarb Inc. acquired a new stake in shares of Baidu during the second quarter valued at $430,280,000. Franklin Resources Inc. raised its stake in shares of Baidu by 126.6% in the second quarter. Franklin Resources Inc. now owns 3,706,263 shares of the company’s stock valued at $612,088,000 after buying an additional 2,070,818 shares during the period. State Street Corp raised its stake in shares of Baidu by 65.9% in the second quarter. State Street Corp now owns 4,368,064 shares of the company’s stock valued at $721,384,000 after buying an additional 1,735,388 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Baidu by 90.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,283,368 shares of the company’s stock valued at $542,248,000 after buying an additional 1,563,274 shares during the period. 63.13% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Baidu Inc. (NASDAQ:BIDU) traded up 0.80% during trading on Monday, hitting $165.69. The stock had a trading volume of 1,291,108 shares. The firm’s 50-day moving average price is $174.15 and its 200-day moving average price is $171.91. The stock has a market cap of $57.48 billion, a PE ratio of 12.35 and a beta of 1.99. Baidu Inc. has a 1-year low of $139.61 and a 1-year high of $217.97.

A number of research analysts recently issued reports on BIDU shares. Macquarie downgraded Baidu from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $199.00 to $179.00 in a research note on Friday, October 28th. Deutsche Bank AG downgraded Baidu from a “buy” rating to a “hold” rating and dropped their price target for the stock from $219.00 to $201.00 in a research note on Wednesday, September 28th. JPMorgan Chase & Co. started coverage on Baidu in a research note on Wednesday, August 31st. They set an “underweight” rating and a $164.00 price target on the stock. Vetr downgraded Baidu from a “buy” rating to a “hold” rating and set a $192.71 price target on the stock. in a research note on Thursday, September 15th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $180.00 price target (down previously from $215.00) on shares of Baidu in a research note on Sunday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. Baidu presently has a consensus rating of “Hold” and a consensus price target of $191.77.

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.

5 Day Chart for NASDAQ:BIDU

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