Baidu Inc. (NASDAQ:BIDU) Given Average Recommendation of “Hold” by Brokerages
Baidu Inc. (NASDAQ:BIDU) has been assigned an average recommendation of “Hold” from the twenty-five research firms that are currently covering the firm. Four equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $191.84.
Several equities research analysts recently weighed in on BIDU shares. Deutsche Bank AG upped their price target on Baidu from $182.00 to $219.00 and gave the stock a “buy” rating in a research note on Tuesday, September 20th. JPMorgan Chase & Co. started coverage on Baidu in a research note on Wednesday, August 31st. They issued an “underweight” rating and a $164.00 price target on the stock. Vetr raised Baidu from a “sell” rating to a “hold” rating and set a $192.71 price target on the stock in a research note on Thursday, September 8th. Brean Capital reaffirmed a “buy” rating on shares of Baidu in a research note on Tuesday, June 7th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $203.00 price target on shares of Baidu in a research note on Tuesday, June 7th.
Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. boosted its stake in Baidu by 0.8% in the second quarter. Cornerstone Advisors Inc. now owns 605 shares of the company’s stock valued at $100,000 after buying an additional 5 shares in the last quarter. Huntington National Bank boosted its stake in Baidu by 38.2% in the second quarter. Huntington National Bank now owns 622 shares of the company’s stock valued at $103,000 after buying an additional 172 shares in the last quarter. Signaturefd LLC boosted its stake in Baidu by 45.0% in the second quarter. Signaturefd LLC now owns 741 shares of the company’s stock valued at $122,000 after buying an additional 230 shares in the last quarter. WealthTrust Arizona LLC boosted its stake in Baidu by 12.1% in the second quarter. WealthTrust Arizona LLC now owns 777 shares of the company’s stock valued at $128,000 after buying an additional 84 shares in the last quarter. Finally, Barnett & Company Inc. acquired a new stake in Baidu during the first quarter valued at about $164,000. Hedge funds and other institutional investors own 63.21% of the company’s stock.
Baidu (NASDAQ:BIDU) traded up 0.22% during midday trading on Wednesday, hitting $184.48. The stock had a trading volume of 950,084 shares. Baidu has a 52 week low of $139.61 and a 52 week high of $217.97. The firm has a 50 day moving average of $181.71 and a 200 day moving average of $175.23. The firm has a market cap of $63.94 billion, a price-to-earnings ratio of 13.57 and a beta of 2.17.
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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