Cambridge Investment Research Advisors Inc. lowered its stake in shares of Baidu, Inc. (NASDAQ:BIDU – Get Rating) by 22.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,813 shares of the information services provider's stock after selling 3,153 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Baidu were worth $1,608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hardy Reed LLC acquired a new position in shares of Baidu during the 1st quarter valued at about $30,000. Trustcore Financial Services LLC increased its stake in shares of Baidu by 342.5% during the 1st quarter. Trustcore Financial Services LLC now owns 323 shares of the information services provider's stock valued at $43,000 after acquiring an additional 250 shares during the last quarter. FourThought Financial LLC increased its stake in shares of Baidu by 61.7% during the 1st quarter. FourThought Financial LLC now owns 359 shares of the information services provider's stock valued at $47,000 after acquiring an additional 137 shares during the last quarter. Prospera Financial Services Inc acquired a new position in shares of Baidu during the 1st quarter valued at about $52,000. Finally, Bourgeon Capital Management LLC acquired a new position in shares of Baidu during the 1st quarter valued at about $60,000. Institutional investors and hedge funds own 26.55% of the company's stock.

Analyst Upgrades and Downgrades

BIDU has been the subject of a number of research reports. Daiwa Capital Markets decreased their target price on Baidu from $215.00 to $210.00 in a report on Tuesday, July 19th. Susquehanna decreased their target price on Baidu from $200.00 to $195.00 and set a "positive" rating for the company in a report on Monday, September 12th. JPMorgan Chase & Co. upgraded Baidu from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $160.00 to $200.00 in a report on Wednesday, August 31st. Susquehanna Bancshares decreased their target price on Baidu from $200.00 to $195.00 and set a "positive" rating for the company in a report on Monday, September 12th. Finally, Macquarie initiated coverage on Baidu in a report on Tuesday, August 23rd. They set an "outperform" rating and a $188.00 target price for the company. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $217.87.

Baidu Stock Performance

About Baidu

(Get Rating)

Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; and Haokan, a short video app.

Featured Stories

• Get a free copy of the StockNews.com research report on Baidu (BIDU)
• EV Battery Maker Freyr Set For Major Global Expansion
• MarketBeat: Week in Review 9/26 – 9/30
• This Is A Memorable Time To Buy Into Micron Technology
• Thor Industries Hammers Out A Bottom
• How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.