Baidu, Inc. (NASDAQ:BIDU) was upgraded by equities research analysts at Cantor Fitzgerald from an “underweight” rating to an “overweight” rating in a report issued on Friday.

Several other equities analysts have also recently weighed in on the company. Jefferies Group LLC raised their price objective on Baidu from $188.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, May 1st. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $190.00 target price on shares of Baidu in a research report on Friday, April 28th. Benchmark Co. initiated coverage on Baidu in a research report on Tuesday, April 18th. They set a “buy” rating and a $190.00 target price for the company. Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $198.65 target price for the company in a research report on Thursday, May 4th. Finally, Zacks Investment Research raised Baidu from a “sell” rating to a “hold” rating in a research report on Thursday, March 30th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Baidu has a consensus rating of “Hold” and a consensus price target of $189.06.

Baidu (BIDU) opened at 201.00 on Friday. The company’s 50-day moving average is $184.14 and its 200-day moving average is $180.13. Baidu has a one year low of $156.23 and a one year high of $205.60. The firm has a market capitalization of $69.72 billion, a P/E ratio of 43.58 and a beta of 1.91.

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A number of hedge funds have recently added to or reduced their stakes in BIDU. Principal Financial Group Inc. boosted its position in shares of Baidu by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,346 shares of the information services provider’s stock worth $232,000 after buying an additional 6 shares during the period. IFP Advisors Inc boosted its position in shares of Baidu by 0.6% in the first quarter. IFP Advisors Inc now owns 1,596 shares of the information services provider’s stock worth $275,000 after buying an additional 9 shares during the period. Boston Private Wealth LLC boosted its position in shares of Baidu by 0.4% in the first quarter. Boston Private Wealth LLC now owns 2,018 shares of the information services provider’s stock worth $348,000 after buying an additional 9 shares during the period. Cambridge Advisors Inc. boosted its position in shares of Baidu by 0.6% in the second quarter. Cambridge Advisors Inc. now owns 1,583 shares of the information services provider’s stock worth $283,000 after buying an additional 10 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Baidu by 0.6% in the first quarter. Ameritas Investment Partners Inc. now owns 4,949 shares of the information services provider’s stock worth $854,000 after buying an additional 28 shares during the period. Institutional investors own 64.68% of the company’s stock.

About Baidu

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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