Baidu, Inc. (BIDU) Holdings Held by Victory Capital Management Inc.

Victory Capital Management Inc. maintained its position in shares of Baidu, Inc. (NASDAQ:BIDU) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,400 shares of the information services provider’s stock at the close of the 2nd quarter. Victory Capital Management Inc.’s holdings in Baidu were worth $250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. MAI Capital Management increased its position in Baidu by 0.4% in the 2nd quarter. MAI Capital Management now owns 16,716 shares of the information services provider’s stock valued at $2,990,000 after acquiring an additional 71 shares in the last quarter. Lincoln National Corp acquired a new stake in shares of Baidu during the 2nd quarter worth approximately $202,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Baidu by 3.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 697,679 shares of the information services provider’s stock worth $124,787,000 after buying an additional 22,145 shares during the period. GAM Holding AG grew its position in shares of Baidu by 9.2% during the 2nd quarter. GAM Holding AG now owns 130,540 shares of the information services provider’s stock worth $23,352,000 after buying an additional 11,000 shares during the period. Finally, Virginia Retirement Systems ET AL grew its position in shares of Baidu by 1.8% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 16,700 shares of the information services provider’s stock worth $2,987,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 64.14% of the company’s stock.

BIDU has been the subject of several analyst reports. Vetr upgraded shares of Baidu from a “sell” rating to a “strong-buy” rating and set a $265.83 price target for the company in a research report on Wednesday, September 6th. Deutsche Bank AG reiterated a “hold” rating and set a $201.00 price target (up previously from $186.00) on shares of Baidu in a research report on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating and set a $208.00 price target on shares of Baidu in a research report on Saturday, July 22nd. Erste Group upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. Finally, Instinet upgraded shares of Baidu from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $241.00 in a research report on Monday, July 31st. One equities 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 assigned a strong buy rating to the stock. Baidu has a consensus rating of “Buy” and a consensus target price of $215.51.

Baidu, Inc. (NASDAQ BIDU) opened at 237.96 on Thursday. The firm has a 50-day moving average of $227.76 and a 200-day moving average of $193.39. The company has a market cap of $82.52 billion, a price-to-earnings ratio of 43.88 and a beta of 1.98. Baidu, Inc. has a 52 week low of $159.54 and a 52 week high of $240.43.

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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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