Will Baidu’s Big Investors Buy More Shares on the Heels of the Apple Deal?
So far in 2012, Baidu, Inc.’s (NASDAQ:BIDU) shares are up 4.4 percent. On Friday, a Baidu product manager disclosed that the company reached a final agreement with Apple Inc. (NASDAQ:AAPL) to integrate the search engine into its iOS update. This will likely take place in June and it will then be available in China’s iPhones and iPads.
According to MIC Gadget, Baidu encompasses 83.6 percent of the Chinese market. The news of its Apple agreement may not be a good thing for Google Inc. (NASDAQ:GOOG) as it has struggled to expand in China.
With the news of its Apple agreement and the opportunity for even greater reach, will Baidu’s largest shareholders increase their positions? 428 institutional firms indicated owning shares of Baidu, Inc. (NASDAQ:BIDU) in Q1 2012. These firms reported owning a total of 175.13 million shares on 03/31/2012 . The shares closed at $145.77 on 03/31/2012.
Here are the ten largest positions in Baidu, Inc. at the end of March 31st, 2012.
Baillie Gifford & Co held 26,531,382 shares on 03/31/2012 worth $3,867,479,667.
Price T Rowe Associates Inc /md/ held 24,750,523 shares on 03/31/2012 worth $3,607,883,843.
Jennison Associates LLC held 7,651,473 shares on 03/31/2012 worth $1,115,355,252.
Fmr LLC held 7,579,042 shares on 03/31/2012 worth $1,104,796,985.
Marsico Capital Management LLC held 7,450,677 shares on 03/31/2012 worth $1,086,085,218.
Ameriprise Financial Inc held 6,014,983 shares on 03/31/2012 worth $876,804,098.
Vontobel Asset Management Inc held 5,052,398 shares on 03/31/2012 worth $736,488,078.
Winslow Capital Management Inc /mn held 4,705,559 shares on 03/31/2012 worth $685,929,356.
General Electric Co held 4,603,891 shares on 03/31/2012 worth $671,109,211.
Fisher Asset Management LLC held 4,464,742 shares on 03/31/2012 worth $650,825,460.
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