Baidu, Inc. (NASDAQ:BIDU) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

A number of other analysts have also issued reports on the company. Jefferies Group LLC raised their price target on Baidu from $188.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. J P Morgan Chase & Co reissued a “neutral” rating and issued a $190.00 price target on shares of Baidu in a research note on Friday, April 28th. Benchmark Co. started coverage on Baidu in a research note on Tuesday, April 18th. They issued a “buy” rating and a $190.00 price target on the stock. 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 note on Thursday, May 4th. Finally, Sanford C. Bernstein reissued an “underperform” rating and issued a $152.00 price target (down from $188.00) on shares of Baidu in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $209.80.

Shares of Baidu (BIDU) traded down 0.59% during mid-day trading on Friday, reaching $226.05. 3,521,055 shares of the company traded hands. Baidu has a 52-week low of $159.54 and a 52-week high of $230.34. The company’s 50 day moving average is $187.72 and its 200 day moving average is $181.17. The stock has a market capitalization of $78.39 billion, a price-to-earnings ratio of 42.64 and a beta of 1.95.

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Large investors have recently made changes to their positions in the stock. MARSHALL WACE ASIA Ltd bought a new stake in shares of Baidu during the second quarter valued at approximately $2,906,000. Pzena Investment Management LLC increased its stake in shares of Baidu by 1.6% in the second quarter. Pzena Investment Management LLC now owns 431,862 shares of the information services provider’s stock valued at $77,242,000 after buying an additional 6,702 shares during the last quarter. Mosaic Family Wealth LLC increased its stake in shares of Baidu by 2.7% in the second quarter. Mosaic Family Wealth LLC now owns 1,237 shares of the information services provider’s stock valued at $221,000 after buying an additional 33 shares during the last quarter. Boston Private Wealth LLC increased its stake in shares of Baidu by 34.8% in the second quarter. Boston Private Wealth LLC now owns 2,720 shares of the information services provider’s stock valued at $486,000 after buying an additional 702 shares during the last quarter. Finally, BB&T Securities LLC increased its stake in shares of Baidu by 11.5% in the second quarter. BB&T Securities LLC now owns 28,439 shares of the information services provider’s stock valued at $5,086,000 after buying an additional 2,941 shares during the last quarter. Institutional investors and hedge funds own 64.67% 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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