Baidu, Inc. (NASDAQ:BIDU) was the target of some unusual options trading activity on Tuesday. Investors acquired 4,725 call options on the stock. This is an increase of approximately 102% compared to the typical volume of 2,335 call options.

A number of institutional investors have recently made changes to their positions in BIDU. DnB Asset Management AS increased its position in shares of Baidu by 14.9% in the second quarter. DnB Asset Management AS now owns 657,155 shares of the information services provider’s stock worth $117,539,000 after buying an additional 85,100 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Baidu by 123.0% in the first quarter. Nuveen Asset Management LLC now owns 96,992 shares of the information services provider’s stock worth $16,839,000 after buying an additional 53,506 shares in the last quarter. Causeway Capital Management LLC increased its position in shares of Baidu by 20.4% in the first quarter. Causeway Capital Management LLC now owns 3,604,537 shares of the information services provider’s stock worth $621,855,000 after buying an additional 611,124 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Baidu by 11.8% in the first quarter. Clearbridge Investments LLC now owns 1,993 shares of the information services provider’s stock worth $344,000 after buying an additional 210 shares in the last quarter. Finally, Sowell Financial Services LLC increased its position in shares of Baidu by 42.8% in the first quarter. Sowell Financial Services LLC now owns 1,339 shares of the information services provider’s stock worth $255,000 after buying an additional 401 shares in the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

Shares of Baidu (NASDAQ BIDU) opened at 181.79 on Friday. Baidu has a 1-year low of $155.28 and a 1-year high of $197.80. The company has a market capitalization of $63.06 billion, a price-to-earnings ratio of 39.96 and a beta of 1.91. The firm’s 50-day moving average is $183.83 and its 200-day moving average is $177.30.

Several research analysts have commented on the stock. TheStreet lowered shares of Baidu from a “b-” rating to a “c+” rating in a report on Thursday, June 22nd. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and issued a $208.00 price objective on shares of Baidu in a report on Monday, June 19th. Vetr upgraded shares of Baidu from a “buy” rating to a “strong-buy” rating and set a $205.36 price objective for the company in a report on Monday, June 12th. Finally, ValuEngine upgraded shares of Baidu from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $186.27.

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Baidu Company 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.

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