Baidu, Inc. (BIDU) Shares Sold by Harding Loevner LP

Harding Loevner LP lessened its stake in Baidu, Inc. (NASDAQ:BIDU) by 10.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,932,568 shares of the information services provider’s stock after selling 445,102 shares during the quarter. Baidu accounts for 4.3% of Harding Loevner LP’s investment portfolio, making the stock its largest position. Harding Loevner LP owned approximately 1.13% of Baidu worth $703,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BIDU. BlackRock Inc. increased its holdings in shares of Baidu by 4,625.7% in the 1st quarter. BlackRock Inc. now owns 11,974,528 shares of the information services provider’s stock valued at $2,065,846,000 after purchasing an additional 11,721,135 shares in the last quarter. Cambiar Investors LLC purchased a new position in shares of Baidu in the 2nd quarter valued at about $274,670,000. Veritas Asset Management LLP increased its holdings in shares of Baidu by 37.1% in the 2nd quarter. Veritas Asset Management LLP now owns 3,404,298 shares of the information services provider’s stock valued at $608,893,000 after purchasing an additional 920,687 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Baidu by 8.9% in the 1st 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 purchasing an additional 621,382 shares in the last quarter. Finally, Causeway Capital Management LLC increased its holdings in shares of Baidu by 20.4% in the 1st quarter. Causeway Capital Management LLC now owns 3,604,537 shares of the information services provider’s stock valued at $621,855,000 after purchasing an additional 611,124 shares in the last quarter. Institutional investors and hedge funds own 64.14% of the company’s stock.

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BIDU has been the subject of a number of research analyst reports. TheStreet upgraded shares of Baidu from a “c+” rating to a “b” rating in a report on Monday, July 31st. Nomura upgraded shares of Baidu from a “neutral” rating to a “buy” rating and set a $241.00 price target for the company in a report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and set a $208.00 target price on shares of Baidu in a report on Saturday, July 22nd. HSBC Holdings plc restated a “buy” rating and set a $223.00 target price on shares of Baidu in a report on Monday, July 10th. Finally, Instinet upgraded shares of Baidu from a “neutral” rating to a “buy” rating and raised their target price for the company from $180.00 to $241.00 in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $215.51.

Baidu, Inc. (NASDAQ:BIDU) traded up 0.69% during midday trading on Friday, hitting $240.57. 1,922,429 shares of the company traded hands. Baidu, Inc. has a 12-month low of $159.54 and a 12-month high of $242.70. The company has a market cap of $83.42 billion, a PE ratio of 43.85 and a beta of 1.98. The stock has a 50 day moving average price of $227.76 and a 200-day moving average price of $193.39.

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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