Bluestein R H & Co. Purchases 1,990 Shares of Baidu, Inc. (BIDU)

Bluestein R H & Co. increased its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 109.9% during the first quarter, Holdings Channel reports. The firm owned 3,800 shares of the information services provider’s stock after buying an additional 1,990 shares during the period. Bluestein R H & Co.’s holdings in Baidu were worth $656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BIDU. Artisan Partners Limited Partnership increased its position in Baidu by 8.9% in the first quarter. Artisan Partners Limited Partnership now owns 7,639,967 shares of the information services provider’s stock valued at $1,318,047,000 after buying an additional 621,382 shares during the period. Harris Associates L P increased its position in Baidu by 9.0% in the first quarter. Harris Associates L P now owns 6,948,582 shares of the information services provider’s stock valued at $1,198,769,000 after buying an additional 572,298 shares during the period. Franklin Resources Inc. increased its position in Baidu by 25.7% in the fourth quarter. Franklin Resources Inc. now owns 5,759,368 shares of the information services provider’s stock valued at $946,966,000 after buying an additional 1,177,248 shares during the period. Dodge & Cox bought a new position in Baidu during the fourth quarter valued at approximately $933,189,000. Finally, Harding Loevner LP increased its position in Baidu by 10.5% in the first quarter. Harding Loevner LP now owns 4,377,670 shares of the information services provider’s stock valued at $755,236,000 after buying an additional 414,941 shares during the period. 64.30% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

Shares of Baidu, Inc. (BIDU) traded up 0.57% during trading on Tuesday, hitting $177.93. 936,406 shares of the stock were exchanged. The company has a market cap of $61.72 billion, a price-to-earnings ratio of 38.90 and a beta of 1.84. Baidu, Inc. has a one year low of $155.28 and a one year high of $197.80. The stock’s 50 day moving average price is $184.05 and its 200-day moving average price is $176.76.

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Several research analysts have commented on BIDU shares. Deutsche Bank AG reissued a “hold” rating and set a $181.00 price objective (down previously from $194.00) on shares of Baidu in a report on Monday, February 27th. Barclays PLC started coverage on shares of Baidu in a report on Tuesday, March 28th. They set an “equal weight” rating and a $195.00 price objective for the company. Vetr downgraded shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $196.30 price objective for the company. in a report on Monday, March 20th. Zacks Investment Research downgraded shares of Baidu from a “buy” rating to a “sell” rating in a report on Wednesday, March 1st. Finally, Jefferies Group LLC set a $188.00 price objective on shares of Baidu and gave the company a “buy” rating in a report on Saturday, April 1st. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $186.27.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BIDU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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