Baidu, Inc. (BIDU) Stake Boosted by Marathon Asset Management LLP

Cornelia Mascio
Августа 13, 2017

Below is a list of Baidu Inc (ADR) (NASDAQ:BIDU) latest ratings and price target changes. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. Baidu now has a consensus rating of "Buy" and an average price target of $209.80.

"(BIDU)" was first reported by Rincon Hill News and is owned by of Rincon Hill News. TheStreet raised Baidu from a "c+" rating to a "b" rating in a research report on Monday, July 31st. Oppenheimer maintained the shares of BIDU in report on Friday, July 28 with "Buy" rating. Finally, Credit Suisse Group reissued a "hold" rating and set a $180.00 price objective on shares of Baidu in a report on Friday, April 28th. Benchmark Co. initiated coverage on shares of Baidu in a report on Tuesday, April 18th. The rating was downgraded by Pacific Crest on Tuesday, July 28 to "Sector Weight".

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Baidu by 4,625.7% in the first quarter. BlackRock has an ownership of 11,974,528 stocks of the information services provider's shares valued at $2,065,846,000 after scooping up an extra 11,721,135 shares through out the quarter. Rothschild Investment Corp IL boosted its stake in shares of Baidu by 1.9% in the first quarter. Orbis Allan Gray Ltd now owns 2,770,169 shares of the information services provider's stock worth $455,443,000 after buying an additional 1,865,337 shares in the last quarter. Lazard Asset Management LLC increased its position in Baidu by 2.4% in the first quarter. Lazard Asset Management LLC now owns 5,879,990 shares of the information services provider's stock worth $1,051,693,000 after buying an additional 138,105 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of Baidu during the second quarter valued at $152,000. Harris Associates L P now owns 6,948,582 shares of the information services provider's stock worth $1,198,769,000 after buying an additional 572,298 shares during the last quarter. Harris Associates L P increased its stake in shares of Baidu by 9.0% in the first quarter. Veritas Asset Management LLP has an ownership of 3,404,298 stocks of the information services provider's shares valued at $608,893,000 after scooping up an extra 920,687 shares through out the quarter.

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Shares of Baidu (BIDU) opened at 223.49 on Friday. 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. Based on a recent bid, the stock is trading -4.23% away from it's 52- week high and 40.08% away from its 52 week low. The corporation has a 50 Day SMA of $197.50 along with a 200 - day SMA of $183.58. Kenmare Capital Partners Llc who had been investing in Baidu Inc for a number of months, seems to be bullish on the $77.38 billion market cap company.

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