Baidu Inc. (NASDAQ:BIDU) gapped up prior to trading on Monday . The stock had previously closed at $167.52, but opened at $167.98. Baidu shares last traded at $174.47, with a volume of 2,219,664 shares trading hands.

BIDU has been the topic of a number of recent research reports. Brean Capital reiterated a “buy” rating on shares of Baidu in a research note on Tuesday, May 17th. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $225.00 target price (down from $240.00) on shares of Baidu in a research note on Tuesday, May 10th. Jefferies Group reiterated a “buy” rating and issued a $203.00 target price on shares of Baidu in a research note on Tuesday, June 7th. 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, Bank of America Corp. reiterated a “buy” rating and issued a $225.00 target price on shares of Baidu in a research note on Wednesday, April 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $195.25.

The firm has a market capitalization of $59.94 billion and a PE ratio of 12.74. The company has a 50 day moving average price of $163.68 and a 200 day moving average price of $171.26.

A number of institutional investors have bought and sold shares of the company. Trexquant Investment LP raised its position in Baidu by 10.3% in the fourth quarter. Trexquant Investment LP now owns 7,500 shares of the company’s stock worth $1,418,000 after buying an additional 700 shares in the last quarter. Advisors Asset Management Inc. raised its position in Baidu by 2.9% in the fourth quarter. Advisors Asset Management Inc. now owns 9,024 shares of the company’s stock worth $1,706,000 after buying an additional 258 shares in the last quarter. Marshall Wace LLP raised its position in Baidu by 10.7% in the fourth quarter. Marshall Wace LLP now owns 11,291 shares of the company’s stock worth $2,134,000 after buying an additional 1,091 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Baidu during the fourth quarter worth approximately $25,788,000. Finally, Platinum Investment Management Ltd. raised its position in Baidu by 2.6% in the fourth quarter. Platinum Investment Management Ltd. now owns 1,757,382 shares of the company’s stock worth $332,215,000 after buying an additional 45,140 shares in the last quarter.

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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