Baidu Inc (BIDU) Receives $186.31 Average PT from Brokerages

Shares of Baidu Inc (NASDAQ:BIDU) have received a consensus recommendation of “Hold” from the twenty-four research firms that are currently covering the firm. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $186.07.

A number of equities research analysts have recently issued reports on the stock. Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $198.31 price objective for the company. in a research note on Tuesday, January 10th. Brean Capital reaffirmed a “buy” rating and issued a $196.00 price objective on shares of Baidu in a research note on Tuesday, December 13th. Evercore ISI assumed coverage on shares of Baidu in a research note on Tuesday, December 20th. They issued a “hold” rating and a $200.00 price objective for the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $185.00 price objective on shares of Baidu in a research note on Tuesday, January 17th. Finally, Zacks Investment Research cut shares of Baidu from a “buy” rating to a “sell” rating in a research note on Wednesday, March 1st.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ward Ferry Management BVI Ltd raised its position in shares of Baidu by 10.6% in the third quarter. Ward Ferry Management BVI Ltd now owns 106,710 shares of the company’s stock valued at $19,429,000 after buying an additional 10,200 shares during the last quarter. Bank of Montreal Can raised its position in shares of Baidu by 5.2% in the third quarter. Bank of Montreal Can now owns 191,641 shares of the company’s stock valued at $34,891,000 after buying an additional 9,476 shares during the last quarter. First Quadrant L P CA raised its position in shares of Baidu by 0.4% in the third quarter. First Quadrant L P CA now owns 15,257 shares of the company’s stock valued at $2,778,000 after buying an additional 57 shares during the last quarter. RNC Capital Management LLC raised its position in shares of Baidu by 3.3% in the third quarter. RNC Capital Management LLC now owns 1,550 shares of the company’s stock valued at $282,000 after buying an additional 50 shares during the last quarter. Finally, Atria Investments LLC raised its position in shares of Baidu by 29.1% in the third quarter. Atria Investments LLC now owns 3,673 shares of the company’s stock valued at $669,000 after buying an additional 827 shares during the last quarter. Institutional investors own 62.63% of the company’s stock.

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Baidu (NASDAQ:BIDU) traded up 0.40% during midday trading on Monday, reaching $168.93. 2,047,841 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $176.98 and a 200 day moving average price of $175.05. The company has a market cap of $58.66 billion, a price-to-earnings ratio of 36.61 and a beta of 1.90. Baidu has a 12-month low of $155.28 and a 12-month high of $201.00.

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.

5 Day Chart for NASDAQ:BIDU

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