Baidu, Inc. (NASDAQ:BIDU)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank AG in a report released on Wednesday. They currently have a $201.00 target price on the information services provider’s stock, up from their previous target price of $186.00. Deutsche Bank AG’s price objective would suggest a potential upside of 2.00% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Jefferies Group LLC raised their target price on Baidu from $188.00 to $208.00 and gave the company a “buy” rating in a report on Monday, May 1st. J P Morgan Chase & Co restated a “neutral” rating and issued a $190.00 target price on shares of Baidu in a report on Friday, April 28th. Barclays PLC started coverage on Baidu in a report on Tuesday, March 28th. They issued an “equal weight” rating and a $195.00 target price on the stock. Benchmark Co. started coverage on Baidu in a report on Tuesday, April 18th. They issued a “buy” rating and a $190.00 target price on the stock. Finally, Vetr upgraded Baidu from a “buy” rating to a “strong-buy” rating and set a $198.65 target price on the stock in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Baidu currently has a consensus rating of “Hold” and an average target price of $189.93.

Baidu (NASDAQ BIDU) traded up 0.43% during midday trading on Wednesday, reaching $197.90. The company’s stock had a trading volume of 967,007 shares. The firm has a market cap of $68.65 billion, a P/E ratio of 42.91 and a beta of 1.91. Baidu has a 52-week low of $156.23 and a 52-week high of $199.25. The firm has a 50 day moving average of $183.04 and a 200 day moving average of $179.68. Baidu also was the target of unusually large options trading on Monday. Investors purchased 14,321 put options on the stock. This represents an increase of approximately 233% compared to the typical daily volume of 4,297 put options.

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Several institutional investors have recently made changes to their positions in the stock. Hollencrest Securities LLC boosted its position in shares of 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 boosted its position in shares of 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 boosted its position in shares of 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 boosted its position in shares of 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 boosted its position in shares of 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. Institutional investors own 64.68% 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.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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