Baidu, Inc. (NASDAQ:BIDU) Rating Reiterated by Jefferies Group LLC
Baidu, Inc. (NASDAQ:BIDU)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group LLC in a research report issued to clients and investors on Saturday. They presently have a $208.00 target price on the information services provider’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 7.67% from the stock’s previous close.
BIDU has been the topic of a number of other research reports. Vetr downgraded shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 target price on the stock. in a research note on Monday, May 8th. Zacks Investment Research raised shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, March 30th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $190.00 target price on shares of Baidu in a research note on Friday, April 28th. Barclays PLC started coverage on shares of Baidu in a report on Tuesday, March 28th. They set an “equal weight” rating and a $195.00 price target for the company. Finally, TheStreet lowered shares of Baidu from a “b-” rating to a “c+” rating in a report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $189.02.
Baidu (NASDAQ:BIDU) traded up 0.97% during trading on Friday, hitting $193.18. 1,856,831 shares of the company’s stock traded hands. Baidu has a 12-month low of $156.23 and a 12-month high of $197.80. The firm’s 50-day moving average price is $182.55 and its 200 day moving average price is $179.29. The stock has a market cap of $67.01 billion, a P/E ratio of 41.89 and a beta of 1.91.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hollencrest Securities LLC raised its position in Baidu by 2.1% in the first quarter. Hollencrest Securities LLC now owns 1,687 shares of the information services provider’s stock valued at $291,000 after buying an additional 35 shares during the period. Rothschild Investment Corp IL raised its position in Baidu by 1.9% in the first quarter. Rothschild Investment Corp IL now owns 5,469 shares of the information services provider’s stock valued at $944,000 after buying an additional 100 shares during the period. DnB Asset Management AS raised its position in Baidu by 289.3% in the first quarter. DnB Asset Management AS now owns 572,055 shares of the information services provider’s stock valued at $98,691,000 after buying an additional 425,113 shares during the period. Atria Investments LLC raised its position in Baidu by 4.7% in the first quarter. Atria Investments LLC now owns 3,943 shares of the information services provider’s stock valued at $680,000 after buying an additional 177 shares during the period. Finally, Marathon Asset Management LLP raised its position in Baidu by 3.5% in the first quarter. Marathon Asset Management LLP now owns 478,193 shares of the information services provider’s stock valued at $82,498,000 after buying an additional 16,042 shares during the period. 64.44% 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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