Aberdeen Asset Management PLC UK lowered its position in shares of Baidu, Inc. (NASDAQ:BIDU) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,002 shares of the information services provider’s stock after selling 4,000 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Baidu were worth $27,009,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BIDU. Grove Bank & Trust grew its stake in Baidu by 74.2% during the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock valued at $106,000 after acquiring an additional 253 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Baidu during the second quarter valued at approximately $112,000. Harbour Capital Advisors LLC grew its stake in 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 valued at $117,000 after acquiring an additional 20,810 shares in the last quarter. Barnett & Company Inc. grew its stake in Baidu by 10.3% during the first quarter. Barnett & Company Inc. now owns 800 shares of the information services provider’s stock valued at $138,000 after acquiring an additional 75 shares in the last quarter. Finally, Highstreet Asset Management Inc. purchased a new position in Baidu during the second quarter valued at approximately $146,000. 64.15% of the stock is owned by institutional investors.

Several equities analysts recently commented on BIDU shares. TheStreet raised shares of Baidu from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Nomura raised shares of Baidu from a “neutral” rating to a “buy” rating and set a $241.00 price objective for the company in a research note on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $208.00 price objective on shares of Baidu in a research note on Saturday, July 22nd. HSBC Holdings plc reaffirmed a “buy” rating and set a $223.00 price objective on shares of Baidu in a research note on Monday, July 10th. Finally, Instinet raised shares of Baidu from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $180.00 to $241.00 in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $210.77.

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Shares of Baidu, Inc. (NASDAQ:BIDU) opened at 229.23 on Monday. The stock has a market cap of $79.49 billion, a P/E ratio of 42.73 and a beta of 1.98. The stock’s 50 day moving average is $221.49 and its 200-day moving average is $190.23. Baidu, Inc. has a one year low of $159.54 and a one year high of $235.00.

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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