Comgest Global Investors S.A.S. lifted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,659,934 shares of the information services provider’s stock after buying an additional 222,300 shares during the period. Baidu comprises approximately 11.8% of Comgest Global Investors S.A.S.’s investment portfolio, making the stock its 3rd biggest position. Comgest Global Investors S.A.S. owned approximately 0.77% of Baidu worth $475,756,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Grove Bank & Trust increased its holdings in shares of Baidu by 74.2% during the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock worth $106,000 after buying an additional 253 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Baidu during the second quarter worth $112,000. Harbour Capital Advisors LLC increased its holdings in shares of Baidu by 17,786.3% during the second quarter. Harbour Capital Advisors LLC now owns 20,927 shares of the information services provider’s stock worth $117,000 after buying an additional 20,810 shares in the last quarter. Barnett & Company Inc. increased its holdings in shares of Baidu by 10.3% during the first quarter. Barnett & Company Inc. now owns 800 shares of the information services provider’s stock worth $138,000 after buying an additional 75 shares in the last quarter. Finally, Highstreet Asset Management Inc. acquired a new position in shares of Baidu during the second quarter worth $146,000. Institutional investors own 64.15% of the company’s stock.

Several research analysts have recently issued reports on BIDU shares. TheStreet upgraded shares of Baidu from a “c+” rating to a “b” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $208.00 price objective on shares of Baidu in a report on Monday, June 19th. Vetr downgraded Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 price objective for the company. in a report on Monday, May 8th. HSBC Holdings plc restated a “buy” rating and issued a $223.00 price objective on shares of Baidu in a report on Monday, July 10th. Finally, Nomura upgraded Baidu from a “neutral” rating to a “buy” rating and set a $241.00 price objective for the company in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $209.80.

Baidu, Inc. (BIDU) opened at 232.64 on Monday. Baidu, Inc. has a 52-week low of $159.54 and a 52-week high of $233.79. The company has a market cap of $80.67 billion, a PE ratio of 43.36 and a beta of 1.98. The stock’s 50 day moving average is $216.28 and its 200-day moving average is $188.96.

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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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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