Pzena Investment Management LLC raised its stake in Baidu, Inc. (NASDAQ:BIDU) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 431,862 shares of the information services provider’s stock after buying an additional 6,702 shares during the period. Pzena Investment Management LLC owned about 0.12% of Baidu worth $77,242,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BIDU. Principal Financial Group Inc. increased its position in shares of Baidu by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,346 shares of the information services provider’s stock valued at $232,000 after buying an additional 6 shares in the last quarter. IFP Advisors Inc increased its position in shares of Baidu by 0.6% in the first quarter. IFP Advisors Inc now owns 1,596 shares of the information services provider’s stock valued at $275,000 after buying an additional 9 shares in the last quarter. Boston Private Wealth LLC increased its position in shares of Baidu by 0.4% in the first quarter. Boston Private Wealth LLC now owns 2,018 shares of the information services provider’s stock valued at $348,000 after buying an additional 9 shares in the last quarter. Cambridge Advisors Inc. increased its position in shares of Baidu by 0.6% in the second quarter. Cambridge Advisors Inc. now owns 1,583 shares of the information services provider’s stock valued at $283,000 after buying an additional 10 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of Baidu by 0.6% in the first quarter. Ameritas Investment Partners Inc. now owns 4,949 shares of the information services provider’s stock valued at $854,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

Shares of Baidu, Inc. (BIDU) opened at 222.48 on Tuesday. The firm’s 50-day moving average is $206.49 and its 200 day moving average is $186.16. The firm has a market capitalization of $77.15 billion, a P/E ratio of 41.43 and a beta of 1.95. Baidu, Inc. has a 52 week low of $159.54 and a 52 week high of $233.37.

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Several equities analysts have recently issued reports on the company. Jefferies Group LLC boosted their price objective on Baidu from $188.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. BidaskClub upgraded Baidu from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. ValuEngine upgraded Baidu from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Credit Suisse Group reiterated a “hold” rating and set a $180.00 price objective on shares of Baidu in a research report on Friday, April 28th. Finally, HSBC Holdings plc reiterated a “buy” rating and set a $223.00 price objective on shares of Baidu in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus 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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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