WealthTrust Arizona LLC Has $101,000 Stake in Baidu, Inc. (NASDAQ:BIDU)

WealthTrust Arizona LLC decreased its position in Baidu, Inc. (NASDAQ:BIDU) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 567 shares of the information services provider’s stock after selling 16 shares during the period. WealthTrust Arizona LLC’s holdings in Baidu were worth $101,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Private Bank & Trust Co. boosted its stake in shares of Baidu by 191.1% in the second quarter. Private Bank & Trust Co. now owns 4,009 shares of the information services provider’s stock worth $718,000 after buying an additional 2,632 shares during the period. Hermes Investment Management Ltd. boosted its stake in shares of Baidu by 22.7% in the second quarter. Hermes Investment Management Ltd. now owns 1,079,427 shares of the information services provider’s stock worth $193,066,000 after buying an additional 199,971 shares during the period. Murphy Capital Management Inc. bought a new stake in shares of Baidu during the second quarter worth $350,000. Rothschild Investment Corp IL boosted its stake in shares of Baidu by 14.0% in the second quarter. Rothschild Investment Corp IL now owns 6,234 shares of the information services provider’s stock worth $1,115,000 after buying an additional 765 shares during the period. Finally, BB&T Corp boosted its stake in shares of Baidu by 42.9% in the second quarter. BB&T Corp now owns 28,953 shares of the information services provider’s stock worth $5,179,000 after buying an additional 8,685 shares during the period. Hedge funds and other institutional investors own 64.68% of the company’s stock.

Baidu, Inc. (NASDAQ BIDU) traded down 0.41% on Tuesday, reaching $197.84. The company had a trading volume of 1,577,324 shares. Baidu, Inc. has a 12 month low of $156.23 and a 12 month high of $199.25. The firm has a 50-day moving average of $183.04 and a 200-day moving average of $179.68. The stock has a market capitalization of $68.63 billion, a P/E ratio of 42.90 and a beta of 1.91. Baidu also was the recipient of some unusual options trading on Monday. Investors purchased 14,321 put options on the stock. This represents an increase of 233% compared to the typical volume of 4,297 put options.

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A number of equities research analysts recently weighed in on the company. Jefferies Group LLC restated a “buy” rating and set a $208.00 price objective on shares of Baidu in a research note on Saturday. Sanford C. Bernstein restated an “underperform” rating and set a $152.00 price objective (down from $188.00) on shares of Baidu in a research note on Friday, July 14th. HSBC Holdings plc restated a “buy” rating and set a $223.00 price objective on shares of Baidu in a research note on Monday, July 10th. TheStreet cut Baidu from a “b-” rating to a “c+” rating in a research note on Thursday, June 22nd. Finally, BidaskClub upgraded Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $189.02.

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.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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