Calamos Advisors LLC raised its position in Baidu, Inc. (NASDAQ:BIDU) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,915 shares of the information services provider’s stock after buying an additional 700 shares during the quarter. Calamos Advisors LLC’s holdings in Baidu were worth $11,620,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust increased its holdings in Baidu by 74.2% in the 2nd quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock valued at $106,000 after buying an additional 253 shares during the period. Shine Investment Advisory Services Inc. bought a new position in Baidu in the 2nd quarter valued at about $112,000. Harbour Capital Advisors LLC increased its holdings in Baidu by 17,786.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 20,927 shares of the information services provider’s stock valued at $117,000 after buying an additional 20,810 shares during the period. Aviance Capital Management LLC bought a new position in Baidu in the 2nd quarter valued at about $124,000. Finally, Highstreet Asset Management Inc. bought a new position in Baidu in the 2nd quarter valued at about $146,000. 64.27% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Macquarie raised shares of Baidu from a “neutral” rating to an “outperform” rating and raised their target price for the company from $189.00 to $252.00 in a report on Friday, July 28th. Oppenheimer Holdings, Inc. raised their target price on shares of Baidu from $250.00 to $295.00 and gave the company an “outperform” rating in a report on Tuesday. HSBC Holdings plc reaffirmed a “buy” rating and set a $245.00 price target (up from $223.00) on shares of Baidu in a report on Tuesday, August 1st. J P Morgan Chase & Co decreased their price target on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Instinet raised shares of Baidu from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $241.00 in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. Baidu has a consensus rating of “Buy” and a consensus target price of $234.70.

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Shares of Baidu, Inc. (NASDAQ BIDU) traded up 1.32% on Tuesday, hitting $239.54. 816,571 shares of the stock were exchanged. Baidu, Inc. has a 52-week low of $159.54 and a 52-week high of $274.97. The company has a 50 day moving average of $249.29 and a 200 day moving average of $210.11. The company has a market cap of $83.06 billion, a price-to-earnings ratio of 44.40 and a beta of 1.99.

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.

Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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