Baidu Inc. (BIDU) PT Raised to $219.00 at Deutsche Bank AG
Baidu Inc. (NASDAQ:BIDU) had its target price lifted by research analysts at Deutsche Bank AG from $182.00 to $219.00 in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 18.54% from the company’s current price.
A number of other equities analysts also recently commented on BIDU. Brean Capital restated a “buy” rating on shares of Baidu in a report on Tuesday, May 24th. Vetr downgraded Baidu from a “strong-buy” rating to a “buy” rating and set a $203.76 price objective on the stock. in a report on Monday, May 30th. Jefferies Group restated a “buy” rating and issued a $203.00 price objective on shares of Baidu in a report on Tuesday, June 7th. Citigroup Inc. downgraded Baidu from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $238.00 to $180.00 in a report on Monday, June 13th. Finally, Barclays PLC downgraded Baidu to a “hold” rating in a report on Monday, June 13th. Three investment 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’s stock. The stock has an average rating of “Buy” and a consensus target price of $196.19.
Shares of Baidu (NASDAQ:BIDU) traded up 1.20% during mid-day trading on Tuesday, hitting $186.96. 1,952,268 shares of the company’s stock were exchanged. Baidu has a 52 week low of $130.77 and a 52 week high of $217.97. The firm has a 50 day moving average price of $174.67 and a 200-day moving average price of $174.59. The company has a market capitalization of $64.80 billion, a price-to-earnings ratio of 13.77 and a beta of 2.30.
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A number of hedge funds have recently made changes to their positions in BIDU. Cornerstone Advisors Inc. raised its stake in shares of 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 during the last quarter. Huntington National Bank raised its stake in shares of Baidu by 38.2% in the second quarter. Huntington National Bank now owns 622 shares of the company’s stock worth $103,000 after buying an additional 172 shares during the last quarter. Signaturefd LLC raised its stake in shares of Baidu by 45.0% in the second quarter. Signaturefd LLC now owns 741 shares of the company’s stock worth $122,000 after buying an additional 230 shares during the last quarter. WealthTrust Arizona LLC raised its stake in shares of Baidu by 12.1% in the second quarter. WealthTrust Arizona LLC now owns 777 shares of the company’s stock worth $128,000 after buying an additional 84 shares during the last quarter. Finally, Barnett & Company Inc. purchased a new stake in shares of Baidu during the first quarter worth approximately $164,000. Hedge funds and other institutional investors own 63.26% of the company’s stock.
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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