Joel Isaacson & Co. LLC Has $358,000 Stake in Baidu, Inc. (BIDU)

Joel Isaacson & Co. LLC continued to hold its position in shares of Baidu, Inc. (NASDAQ:BIDU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,001 shares of the information services provider’s stock at the end of the second quarter. Joel Isaacson & Co. LLC’s holdings in Baidu were worth $358,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Baidu by 4,625.7% in the first quarter. BlackRock Inc. now owns 11,974,528 shares of the information services provider’s stock valued at $2,065,846,000 after buying an additional 11,721,135 shares during the last quarter. Cambiar Investors LLC purchased a new stake in shares of Baidu during the second quarter valued at $274,670,000. Edinburgh Partners Ltd increased its stake in shares of Baidu by 65,315.3% in the first quarter. Edinburgh Partners Ltd now owns 798,721 shares of the information services provider’s stock valued at $137,787,000 after buying an additional 797,500 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of 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 last quarter. Finally, Causeway Capital Management LLC increased its stake in shares of Baidu by 20.4% in the first quarter. Causeway Capital Management LLC now owns 3,604,537 shares of the information services provider’s stock valued at $621,855,000 after buying an additional 611,124 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Shares of Baidu, Inc. (NASDAQ:BIDU) opened at 230.30 on Thursday. The firm’s 50-day moving average is $196.29 and its 200 day moving average is $183.30. Baidu, Inc. has a 1-year low of $159.54 and a 1-year high of $233.37. The stock has a market capitalization of $79.86 billion, a P/E ratio of 43.16 and a beta of 1.95.

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BIDU has been the subject of several recent analyst reports. Benchmark Co. initiated coverage on shares of Baidu in a research note on Tuesday, April 18th. They issued a “buy” rating and a $190.00 price objective for the company. Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $196.20 price objective for the company. in a research note on Wednesday, April 19th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $190.00 price objective on shares of Baidu in a research note on Friday, April 28th. Credit Suisse Group reiterated a “hold” rating and issued a $180.00 price objective on shares of Baidu in a research note on Friday, April 28th. Finally, Jefferies Group LLC raised their price objective on shares of Baidu from $188.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Baidu currently has a consensus rating of “Buy” and a consensus target price of $209.80.

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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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