Jacobi Capital Management LLC maintained its stake in Baidu, Inc. (NASDAQ:BIDU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 807 shares of the information services provider’s stock at the close of the 2nd quarter. Jacobi Capital Management LLC’s holdings in Baidu were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Grove Bank & Trust lifted its holdings in Baidu by 74.2% during the 2nd quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock worth $106,000 after purchasing an additional 253 shares in the last quarter. Harris Associates L P lifted its holdings in Baidu by 9.0% during the 1st quarter. Harris Associates L P now owns 6,948,582 shares of the information services provider’s stock worth $1,198,769,000 after purchasing an additional 572,298 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in Baidu by 1.5% during the 1st quarter. Neuberger Berman Group LLC now owns 1,307,575 shares of the information services provider’s stock worth $225,583,000 after purchasing an additional 19,932 shares in the last quarter. Marathon Asset Management LLP lifted its holdings in Baidu by 45.8% during the 2nd quarter. Marathon Asset Management LLP now owns 696,984 shares of the information services provider’s stock worth $124,661,000 after purchasing an additional 218,791 shares in the last quarter. Finally, Holderness Investments Co. purchased a new stake in Baidu during the 1st quarter worth about $367,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on BIDU. BidaskClub raised Baidu from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Jefferies Group LLC reissued a “buy” rating and set a $208.00 price objective on shares of Baidu in a report on Monday, June 19th. HSBC Holdings plc reissued a “buy” rating and set a $223.00 price objective on shares of Baidu in a report on Monday, July 10th. ValuEngine raised Baidu from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Macquarie raised Baidu from a “neutral” rating to an “outperform” rating and raised their price target for the company from $189.00 to $252.00 in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $210.77.

Baidu, Inc. (NASDAQ BIDU) traded down 1.69% during trading on Friday, reaching $229.23. The company had a trading volume of 1,833,594 shares. Baidu, Inc. has a one year low of $159.54 and a one year high of $235.00. The firm’s 50 day moving average is $221.49 and its 200 day moving average is $190.23. The company has a market capitalization of $79.49 billion, a PE ratio of 42.73 and a beta of 1.98.

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Baidu 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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