Pillar Pacific Capital Management LLC Lowers Position in Baidu, Inc. (BIDU)

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Harding Loevner LP now owns 4,377,670 shares of the information services provider's stock valued at $755,236,000 after buying an additional 414,941 shares during the last quarter. Marathon Asset Management LLP owned about 0.20% of Baidu worth $124,661,000 at the end of the most recent reporting period.

Hedge funds have recently made changes to their positions in the company. Barnett & Company Inc. raised its stake in Baidu by 10.3% in the first quarter. Artisan Partners Partnership has an ownership of 7,639,967 stocks of the information services provider's shares valued at $1,318,047,000 after scooping up an extra 621,382 shares through out the quarter. Franklin Resources Inc. increased its position in shares of Baidu by 7.4% in the second quarter. 3,329,940 shares of the company were exchanged. Orbis Allan Gray Ltd increased its position in shares of Baidu by 206.2% in the fourth quarter. Harris Associates L P now owns 6,948,582 shares of the information services provider's stock worth $1,198,769,000 after buying an additional 572,298 shares in the last quarter.

Pillar Pacific Capital Management LLC decreased its position in shares of Baidu, Inc. Lazard Asset Management LLC now owns 5,741,885 shares of the information services provider's stock valued at $990,588,000 after buying an additional 132,261 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Baidu during the first quarter valued at $202,000. Ameritas Investment Partners Inc. now owns 4,949 shares of the information services provider's stock worth $854,000 after buying an additional 28 shares during the last quarter.

Baidu, Inc. has a 1-year low of $159.54 and a 1-year high of $233.37.

Baidu (NASDAQ:BIDU) traded up 0.41% during midday trading on Monday, reaching $223.49. The firm's 50 day moving average price is $198.76 and its 200-day moving average price is $183.92. Kenmare Capital Partners Llc who had been investing in Baidu Inc for a number of months, seems to be bullish on the $77.38 billion market cap company.

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BIDU has been the subject of several research analyst reports. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) earned "Outperform" rating by Credit Suisse on Monday, February 22. Vetr lowered Baidu from a "strong-buy" rating to a "buy" rating and set a $199.19 price target for the company.in a research note on Monday, May 8th. TheStreet raised Baidu from a "c+" rating to a "b" rating in a research report on Monday, July 31st. The company presently has a consensus rating of Buy and a consensus price target of $209.80.

Wall Street analysts are still seeing some upside to Baidu, Inc. 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.

More notable recent Stryker Corporation (NYSE:SYK) news were published by: Forbes.com which released: "Two Stocks To Buy And Forget For The Next Decade - Stryker And Zimmer" on August 06, 2017, also Nasdaq.com with their article: "Stryker announces election of new Director, Mary K. Brainerd" published on August 02, 2017, Zacks.com published: "Why Earnings Season Could Be Great for Stryker Corporation (SYK) July 26, 2017" on July 26, 2017.

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