1,600 Shares in Baidu, Inc. (BIDU) Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP purchased a new position in shares of Baidu, Inc. (NASDAQ:BIDU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,600 shares of the information services provider’s stock, valued at approximately $286,000.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. increased its position in Baidu by 4,625.7% during the first quarter. BlackRock Inc. now owns 11,974,528 shares of the information services provider’s stock worth $2,065,846,000 after purchasing an additional 11,721,135 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Baidu by 8.9% during the first quarter. Artisan Partners Limited Partnership now owns 7,639,967 shares of the information services provider’s stock worth $1,318,047,000 after purchasing an additional 621,382 shares during the last quarter. Franklin Resources Inc. increased its position in Baidu by 7.4% during the second quarter. Franklin Resources Inc. now owns 7,219,564 shares of the information services provider’s stock worth $1,291,291,000 after purchasing an additional 498,060 shares during the last quarter. Lazard Asset Management LLC increased its position in Baidu by 2.4% during the first quarter. Lazard Asset Management LLC now owns 5,741,885 shares of the information services provider’s stock worth $990,588,000 after purchasing an additional 132,261 shares during the last quarter. Finally, State Street Corp increased its position in Baidu by 5.7% during the first quarter. State Street Corp now owns 4,532,089 shares of the information services provider’s stock worth $781,879,000 after purchasing an additional 242,459 shares during the last quarter. 64.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Baidu, Inc. (NASDAQ BIDU) opened at 237.85 on Wednesday. The company has a 50-day moving average of $227.76 and a 200 day moving average of $193.39. The firm has a market capitalization of $82.48 billion, a PE ratio of 43.86 and a beta of 1.98. Baidu, Inc. has a 12-month low of $159.54 and a 12-month high of $240.43.

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Several equities analysts recently commented on the stock. Citigroup Inc. reaffirmed a “hold” rating and set a $253.00 price target on shares of Baidu in a research report on Thursday, September 14th. Vetr downgraded shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 price objective for the company. in a research note on Wednesday, September 13th. Bank of America Corporation reiterated a “buy” rating and set a $263.00 price objective on shares of Baidu in a research note on Monday. Instinet upgraded shares of Baidu from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $241.00 in a research note on Monday, July 31st. Finally, HSBC Holdings plc reiterated a “buy” rating and set a $245.00 price objective (up from $223.00) on shares of Baidu in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $215.51.

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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