Citigroup Inc. reissued their hold rating on shares of Baidu, Inc. (NASDAQ:BIDU) in a research report sent to investors on Thursday. The brokerage currently has a $253.00 price target on the information services provider’s stock.

Other equities analysts have also issued reports about the stock. BidaskClub upgraded shares of Baidu from a sell rating to a hold rating in a report on Thursday, June 22nd. Jefferies Group LLC restated a buy rating and issued a $208.00 price objective on shares of Baidu in a report on Monday, June 19th. Vetr lowered shares of Baidu from a strong-buy rating to a buy rating and set a $265.83 price objective for the company. in a report on Wednesday. HSBC Holdings plc restated a buy rating and issued a $223.00 price objective on shares of Baidu in a report on Monday, July 10th. Finally, ValuEngine upgraded shares of Baidu from a sell rating to a hold rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $213.36.

Baidu (BIDU) traded down 0.89% during trading on Thursday, hitting $235.21. The stock had a trading volume of 5,230,285 shares. Baidu has a 1-year low of $159.54 and a 1-year high of $239.16. The company has a market capitalization of $81.56 billion, a P/E ratio of 43.37 and a beta of 1.98. The stock’s 50-day moving average price is $226.89 and its 200-day moving average price is $192.20.

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A number of institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in Baidu by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,346 shares of the information services provider’s stock worth $232,000 after buying an additional 6 shares during the period. Boston Private Wealth LLC boosted its holdings in Baidu by 0.4% in the 1st quarter. Boston Private Wealth LLC now owns 2,018 shares of the information services provider’s stock worth $348,000 after buying an additional 9 shares during the period. Cambridge Advisors Inc. boosted its holdings in Baidu by 0.6% in the 2nd quarter. Cambridge Advisors Inc. now owns 1,583 shares of the information services provider’s stock worth $283,000 after buying an additional 10 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Baidu by 0.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 4,949 shares of the information services provider’s stock worth $854,000 after buying an additional 28 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Baidu by 1.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,478 shares of the information services provider’s stock worth $264,000 after buying an additional 28 shares during the period. 64.15% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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