Baidu, Inc. (NASDAQ:BIDU) has been given a consensus recommendation of “Hold” by the twenty-eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $188.97.

A number of research analysts recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and set a $208.00 price objective on shares of Baidu in a research note on Saturday. Sanford C. Bernstein reiterated an “underperform” rating and set a $152.00 price objective (down from $188.00) on shares of Baidu in a research note on Friday, July 14th. HSBC Holdings plc reiterated a “buy” rating and set a $223.00 price objective on shares of Baidu in a research note on Monday, July 10th. TheStreet downgraded Baidu from a “b-” rating to a “c+” rating in a research note on Thursday, June 22nd. Finally, BidaskClub upgraded Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd.

Large investors have recently added to or reduced their stakes in the stock. Barnett & Company Inc. boosted its stake in Baidu by 10.3% in the first quarter. Barnett & Company Inc. now owns 800 shares of the information services provider’s stock worth $138,000 after buying an additional 75 shares during the period. Integrated Investment Consultants LLC acquired a new stake in Baidu during the second quarter worth approximately $152,000. IHT Wealth Management LLC boosted its stake in Baidu by 6.0% in the first quarter. IHT Wealth Management LLC now owns 1,141 shares of the information services provider’s stock worth $197,000 after buying an additional 65 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Baidu during the first quarter worth approximately $202,000. Finally, ProVise Management Group LLC acquired a new stake in Baidu during the first quarter worth approximately $202,000. Institutional investors own 64.68% of the company’s stock.

Shares of Baidu (BIDU) traded down 0.75% during midday trading on Tuesday, hitting $197.16. 984,169 shares of the stock were exchanged. Baidu has a 52-week low of $156.23 and a 52-week high of $199.25. The stock has a market cap of $68.39 billion, a P/E ratio of 42.75 and a beta of 1.91. The firm’s 50 day moving average price is $183.04 and its 200-day moving average price is $179.68. Baidu also saw some unusual options trading on Monday. Investors purchased 14,321 put options on the company. This represents an increase of 233% compared to the average daily volume of 4,297 put options.

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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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