Shares of Baidu Inc. (NASDAQ:BIDU) were up 3.7% during trading on Monday . The company traded as high as $166.42 and last traded at $165.74, with a volume of 2,192,822 shares. The stock had previously closed at $159.80.

A number of analysts have recently commented on BIDU shares. Vetr upgraded Baidu from a “sell” rating to a “hold” rating and set a $190.87 target price on the stock in a research note on Monday, March 21st. Bank of America Corp. restated a “buy” rating on shares of Baidu in a research note on Thursday, April 14th. Jefferies Group upped their target price on Baidu from $196.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, April 25th. Zacks Investment Research upgraded Baidu from a “hold” rating to a “strong-buy” rating and set a $216.00 target price on the stock in a research note on Wednesday, April 27th. Finally, Piper Jaffray Cos. restated a “buy” rating on shares of Baidu in a research note on Thursday, April 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. Baidu presently has an average rating of “Buy” and a consensus target price of $207.02.

The company has a market cap of $57.84 billion and a price-to-earnings ratio of 11.86. The stock’s 50 day moving average is $167.47 and its 200 day moving average is $173.65.

Other hedge funds and institutional investors have modified their holdings of the company. Sawtooth Asset Management Inc. increased its position in shares of Baidu by 5,374.4% in the fourth quarter. Sawtooth Asset Management Inc. now owns 7,062 shares of the company’s stock valued at $1,335,000 after buying an additional 6,933 shares during the period. Trexquant Investment LP increased its position in shares of Baidu by 10.3% in the fourth quarter. Trexquant Investment LP now owns 7,500 shares of the company’s stock valued at $1,418,000 after buying an additional 700 shares during the period. Gabelli Funds LLC acquired a new position in shares of Baidu during the fourth quarter valued at $1,531,000. Advisors Asset Management Inc. increased its position in shares of Baidu by 2.9% in the fourth quarter. Advisors Asset Management Inc. now owns 9,024 shares of the company’s stock valued at $1,706,000 after buying an additional 258 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Baidu by 10.7% in the fourth quarter. Marshall Wace LLP now owns 11,291 shares of the company’s stock valued at $2,134,000 after buying an additional 1,091 shares during the period.

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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