Baidu, Inc. (BIDU) Shares Bought by Aperio Group LLC

Aperio Group LLC increased its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,859 shares of the information services provider’s stock after buying an additional 3,656 shares during the period. Aperio Group LLC’s holdings in Baidu were worth $12,102,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in shares of Baidu by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,346 shares of the information services provider’s stock worth $232,000 after buying an additional 6 shares during the period. Cambridge Advisors Inc. boosted its holdings in shares of Baidu by 0.6% during the 2nd quarter. Cambridge Advisors Inc. now owns 1,583 shares of the information services provider’s stock worth $283,000 after buying an additional 10 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Baidu by 1.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,478 shares of the information services provider’s stock worth $264,000 after buying an additional 28 shares during the period. HL Financial Services LLC boosted its holdings in shares of Baidu by 0.8% during the 2nd quarter. HL Financial Services LLC now owns 3,726 shares of the information services provider’s stock worth $666,000 after buying an additional 31 shares during the period. Finally, Mosaic Family Wealth LLC boosted its holdings in shares of Baidu by 2.7% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,237 shares of the information services provider’s stock worth $221,000 after buying an additional 33 shares during the period. 64.27% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on BIDU shares. HSBC Holdings plc reaffirmed a “buy” rating and set a $223.00 target price on shares of Baidu in a report on Monday, July 10th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $152.00 price objective (down previously from $188.00) on shares of Baidu in a research note on Friday, July 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $208.00 price objective on shares of Baidu in a research note on Saturday, July 22nd. Deutsche Bank AG reiterated a “hold” rating and issued a $201.00 price objective (up previously from $186.00) on shares of Baidu in a research note on Wednesday, July 26th. Finally, Cantor Fitzgerald upgraded shares of Baidu from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $156.00 to $260.00 in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. Baidu presently has a consensus rating of “Buy” and a consensus price target of $234.70.

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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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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