Baidu Inc (NASDAQ:BIDU) shares were up 3.7% on Wednesday after Deutsche Bank AG raised their price target on the stock from $182.00 to $219.00. Deutsche Bank AG currently has a buy rating on the stock. Baidu traded as high as $195.69 and last traded at $193.35, with a volume of 3,480,992 shares trading hands. The stock had previously closed at $186.37.

Other analysts have also issued research reports about the company. Vetr lowered Baidu from a “strong-buy” rating to a “buy” rating and set a $180.48 target price for the company. in a report on Thursday, June 30th. Brean Capital reissued a “buy” rating on shares of Baidu in a report on Tuesday, June 21st. Jefferies Group reissued a “buy” rating and issued a $203.00 target price on shares of Baidu in a report on Tuesday, June 7th. Finally, Goldman Sachs Group Inc. reduced their target price on Baidu from $220.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, June 14th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $196.19.

Large investors have recently bought and sold shares of the company. Cornerstone Advisors Inc. increased its stake in Baidu by 0.8% in the second quarter. Cornerstone Advisors Inc. now owns 605 shares of the company’s stock worth $100,000 after buying an additional 5 shares in the last quarter. IFP Advisors Inc increased its stake in Baidu by 0.7% in the second quarter. IFP Advisors Inc now owns 2,013 shares of the company’s stock worth $332,000 after buying an additional 14 shares in the last quarter. Westport Resources Management Inc. increased its stake in Baidu by 1.0% in the second quarter. Westport Resources Management Inc. now owns 2,801 shares of the company’s stock worth $463,000 after buying an additional 28 shares in the last quarter. Baird Financial Group Inc. increased its stake in Baidu by 0.5% in the second quarter. Baird Financial Group Inc. now owns 7,508 shares of the company’s stock worth $1,240,000 after buying an additional 36 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in Baidu by 0.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 10,765 shares of the company’s stock worth $1,778,000 after buying an additional 39 shares in the last quarter. Institutional investors own 63.21% of the company’s stock.

The company has a 50 day moving average price of $177.28 and a 200-day moving average price of $174.95. The stock has a market cap of $67.74 billion, a P/E ratio of 14.40 and a beta of 2.30.

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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