Baidu, Inc. (BIDU) Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC cut its holdings in Baidu, Inc. (NASDAQ:BIDU) by 10.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,013 shares of the information services provider’s stock after selling 114 shares during the quarter. Quadrant Capital Group LLC’s holdings in Baidu were worth $168,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. raised its stake in 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. Capital World Investors raised its stake in Baidu by 54.2% in the second quarter. Capital World Investors now owns 9,726,375 shares of the information services provider’s stock valued at $1,739,659,000 after buying an additional 3,419,291 shares during the last quarter. Harris Associates L P raised its stake in Baidu by 29.7% in the second quarter. Harris Associates L P now owns 9,015,196 shares of the information services provider’s stock valued at $1,612,458,000 after buying an additional 2,066,614 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Baidu by 4.4% in the second quarter. Artisan Partners Limited Partnership now owns 7,975,135 shares of the information services provider’s stock valued at $1,426,433,000 after buying an additional 335,168 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Baidu by 7.4% in the second quarter. Franklin Resources Inc. now owns 7,219,564 shares of the information services provider’s stock valued at $1,291,291,000 after buying an additional 498,060 shares during the last quarter. Institutional investors own 64.15% of the company’s stock.

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Baidu, Inc. (BIDU) traded down 0.046% during trading on Wednesday, hitting $262.495. The stock had a trading volume of 856,024 shares. Baidu, Inc. has a 12-month low of $159.54 and a 12-month high of $263.44. The stock’s 50 day moving average price is $236.07 and its 200 day moving average price is $201.15. The firm has a market cap of $71.73 billion, a P/E ratio of 57.188 and a beta of 1.99.

A number of brokerages have recently weighed in on BIDU. Vetr raised Baidu from a “sell” rating to a “strong-buy” rating and set a $265.83 price objective on the stock in a report on Wednesday, September 6th. Deutsche Bank AG reissued a “hold” rating and issued a $201.00 price objective (up from $186.00) on shares of Baidu in a report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and issued a $208.00 price objective on shares of Baidu in a report on Saturday, July 22nd. Erste Group raised Baidu from a “sell” rating to a “hold” rating in a report on Monday, August 21st. Finally, Instinet raised Baidu from a “neutral” rating to a “buy” rating and increased their price objective for the company from $180.00 to $241.00 in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $223.12.

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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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