Deutsche Bank AG Boosts Baidu Inc. (BIDU) Price Target to $219.00
Several other research firms have also issued reports on BIDU. Vetr lowered shares of Baidu from a hold rating to a sell rating and set a $176.40 target price for the company. in a report on Tuesday, September 6th. Brean Capital reissued a buy rating on shares of Baidu in a report on Tuesday, May 31st. Nomura reissued a neutral rating and issued a $155.00 target price on shares of Baidu in a report on Tuesday, September 6th. JPMorgan Chase & Co. assumed coverage on shares of Baidu in a report on Wednesday, August 31st. They issued an underweight rating and a $164.00 target price for the company. Finally, Jefferies Group reissued a buy rating and issued a $203.00 target price on shares of Baidu in a report on Tuesday, June 7th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company. Baidu currently has an average rating of Buy and a consensus target price of $196.19.
Shares of Baidu (NASDAQ:BIDU) opened at 195.45 on Tuesday. The company has a market capitalization of $67.74 billion, a price-to-earnings ratio of 14.40 and a beta of 2.30. Baidu has a one year low of $132.01 and a one year high of $217.97. The stock has a 50 day moving average of $177.28 and a 200-day moving average of $174.95.
Several hedge funds and other institutional investors have recently made changes to their positions in BIDU. Macquarie Group Ltd. increased its position in shares of Baidu by 2.4% in the second quarter. Macquarie Group Ltd. now owns 1,077,364 shares of the company’s stock valued at $177,936,000 after buying an additional 24,895 shares during the last quarter. KAMES CAPITAL plc increased its position in shares of Baidu by 38.1% in the second quarter. KAMES CAPITAL plc now owns 70,700 shares of the company’s stock valued at $11,675,000 after buying an additional 19,500 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Baidu during the second quarter valued at $486,000. CI Investments Inc. acquired a new position in shares of Baidu during the second quarter valued at $6,821,000. Finally, IFP Advisors Inc increased its position in shares of Baidu by 0.7% in the second quarter. IFP Advisors Inc now owns 2,013 shares of the company’s stock valued at $332,000 after buying an additional 14 shares during the last quarter. 63.21% of the stock is owned by institutional investors and hedge funds.
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.
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