Shares of Baidu, Inc. (NASDAQ:BIDU) have been given a consensus rating of “Buy” by the twenty-six brokerages that are covering the stock, MarketBeat Ratings reports. One equities research 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 on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $211.83.

A number of analysts have recently weighed in on BIDU shares. TheStreet upgraded shares of Baidu from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 price objective for the company. in a research note on Monday, May 8th. Jefferies Group LLC boosted their price objective on shares of Baidu from $188.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. HSBC Holdings plc restated a “buy” rating and issued a $223.00 price objective on shares of Baidu in a research note on Monday, July 10th. Finally, Nomura upgraded shares of Baidu from a “neutral” rating to a “buy” rating and set a $241.00 price objective for the company in a research note on Monday, July 31st.

Large investors have recently made changes to their positions in the stock. Grove Bank & Trust raised its stake in shares of Baidu by 74.2% in the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock valued at $106,000 after buying an additional 253 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of Baidu during the second quarter valued at about $112,000. Aviance Capital Management LLC acquired a new stake in shares of Baidu during the second quarter valued at about $124,000. Barnett & Company Inc. raised its stake in shares of Baidu by 10.3% in the first quarter. Barnett & Company Inc. now owns 800 shares of the information services provider’s stock valued at $138,000 after buying an additional 75 shares during the period. Finally, Highstreet Asset Management Inc. purchased a new stake in Baidu during the second quarter valued at $146,000. 65.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Baidu (BIDU) opened at 220.69 on Friday. The stock has a market capitalization of $76.53 billion, a PE ratio of 41.36 and a beta of 1.95. Baidu has a one year low of $159.54 and a one year high of $233.37. The stock has a 50 day moving average of $205.25 and a 200-day moving average of $185.64.

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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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