Baidu Inc. (NASDAQ:BIDU) was down 2.7% during trading on Tuesday . The company traded as low as $159.11 and last traded at $160.40, with a volume of 2,008,428 shares trading hands. The stock had previously closed at $164.79.

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

The firm has a 50-day moving average price of $165.51 and a 200-day moving average price of $172.23. The firm has a market cap of $55.82 billion and a PE ratio of 11.46.

Several hedge funds have recently added to or reduced their stakes in BIDU. Morgan Stanley boosted its stake in Baidu by 76.4% in the fourth quarter. Morgan Stanley now owns 1,147,252 shares of the company’s stock valued at $216,877,000 after buying an additional 496,962 shares during the period. Thornburg Investment Management Inc. boosted its stake in Baidu by 161.1% in the fourth quarter. Thornburg Investment Management Inc. now owns 775,619 shares of the company’s stock valued at $146,623,000 after buying an additional 478,510 shares during the period. Standard Life Investments LTD boosted its stake in Baidu by 71.0% in the fourth quarter. Standard Life Investments LTD now owns 1,139,104 shares of the company’s stock valued at $215,330,000 after buying an additional 472,985 shares during the period. Boston Partners boosted its stake in Baidu by 262.0% in the fourth quarter. Boston Partners now owns 298,962 shares of the company’s stock valued at $56,516,000 after buying an additional 216,374 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. boosted its stake in Baidu by 205.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 224,121 shares of the company’s stock valued at $43,060,000 after buying an additional 150,703 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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