Baidu, Inc. (NASDAQ:BIDU)‘s stock had its “buy” rating reissued by Jefferies Group LLC in a report released on Monday. They currently have a $208.00 price objective on the information services provider’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 17.56% from the company’s previous close.

Several other research analysts have also weighed in on the company. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $190.00 price target on shares of Baidu in a research report on Friday, April 28th. Barclays PLC initiated coverage on Baidu in a research report on Tuesday, March 28th. They set an “equal weight” rating and a $195.00 price target on the stock. Benchmark Co. initiated coverage on Baidu in a research report on Tuesday, April 18th. They set a “buy” rating and a $190.00 price target on the stock. Bank of America Corporation reaffirmed a “buy” rating on shares of Baidu in a research report on Tuesday, February 28th. Finally, Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $198.65 price target on the stock in a research report on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $186.27.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

Baidu (NASDAQ:BIDU) traded up 1.75% during mid-day trading on Monday, reaching $176.93. 2,510,402 shares of the company’s stock were exchanged. The stock has a market cap of $61.37 billion, a P/E ratio of 39.01 and a beta of 1.84. Baidu has a 52 week low of $155.28 and a 52 week high of $197.80. The stock has a 50-day moving average price of $184.14 and a 200-day moving average price of $176.54.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Causeway Capital Management LLC increased its stake in Baidu by 20.4% in the first quarter. Causeway Capital Management LLC now owns 3,604,537 shares of the information services provider’s stock valued at $621,855,000 after buying an additional 611,124 shares during the period. Clearbridge Investments LLC increased its stake in Baidu by 11.8% in the first quarter. Clearbridge Investments LLC now owns 1,993 shares of the information services provider’s stock valued at $344,000 after buying an additional 210 shares during the period. Sowell Financial Services LLC increased its stake in Baidu by 42.8% in the first quarter. Sowell Financial Services LLC now owns 1,339 shares of the information services provider’s stock valued at $255,000 after buying an additional 401 shares during the period. UBS Oconnor LLC increased its stake in Baidu by 305.7% in the first quarter. UBS Oconnor LLC now owns 314,566 shares of the information services provider’s stock valued at $54,269,000 after buying an additional 237,025 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Baidu during the first quarter valued at about $6,468,000. Institutional investors and hedge funds own 64.30% 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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