Pictet North America Advisors SA bought a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the second quarter, according to its most recent filing with the SEC. The firm bought 27,668 shares of the information services provider’s stock, valued at approximately $4,949,000. Baidu makes up 0.8% of Pictet North America Advisors SA’s holdings, making the stock its 28th largest position.

A number of other hedge funds also recently modified their holdings of BIDU. Janney Montgomery Scott LLC raised its stake in shares of Baidu by 22.9% in the first quarter. Janney Montgomery Scott LLC now owns 10,080 shares of the information services provider’s stock worth $1,739,000 after buying an additional 1,881 shares in the last quarter. IFP Advisors Inc raised its stake 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 worth $275,000 after buying an additional 9 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Baidu by 15,089.2% in the first quarter. Jennison Associates LLC now owns 275,077 shares of the information services provider’s stock worth $47,456,000 after buying an additional 273,266 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Baidu during the first quarter worth $325,000. Finally, Great West Life Assurance Co. Can raised its stake in shares of Baidu by 1.7% in the first quarter. Great West Life Assurance Co. Can now owns 118,682 shares of the information services provider’s stock worth $20,453,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Baidu, Inc. (NASDAQ:BIDU) traded up 2.01% during midday trading on Friday, reaching $232.64. 2,657,928 shares of the company’s stock traded hands. Baidu, Inc. has a 52-week low of $159.54 and a 52-week high of $233.79. The stock has a market cap of $80.67 billion, a P/E ratio of 43.36 and a beta of 1.98. The company’s 50-day moving average price is $216.28 and its 200-day moving average price is $188.96.

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Several equities analysts have recently issued reports on the stock. Vetr downgraded shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 price target for the company. in a research note on Monday, May 8th. ValuEngine raised shares of Baidu from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded shares of Baidu from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Jefferies Group LLC reaffirmed a “buy” rating and set a $208.00 price target on shares of Baidu in a research note on Monday, June 19th. Finally, TheStreet downgraded shares of Baidu from a “b-” rating to a “c+” rating in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Baidu presently has an average rating of “Buy” and a consensus 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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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