Baidu, Inc. (NASDAQ:BIDU) had its price objective raised by investment analysts at Jefferies Group LLC from $232.00 to $305.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the information services provider’s stock. Jefferies Group LLC’s target price suggests a potential upside of 15.14% from the stock’s current price.

BIDU has been the topic of a number of other research reports. Macquarie raised shares of Baidu from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $189.00 to $252.00 in a research note on Friday, July 28th. HSBC Holdings plc reaffirmed a “buy” rating and set a $245.00 price objective (up previously from $223.00) on shares of Baidu in a research note on Tuesday, August 1st. Instinet raised shares of Baidu from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $241.00 in a research note on Monday, July 31st. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $152.00 price objective (down previously from $188.00) on shares of Baidu in a research note on Friday, July 14th. Finally, TheStreet cut shares of Baidu from a “b-” rating to a “c+” rating in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $229.45.

Baidu (NASDAQ:BIDU) traded up 0.14% during trading on Friday, hitting $264.90. 2,115,484 shares of the company’s stock were exchanged. The firm has a market cap of $91.86 billion, a price-to-earnings ratio of 48.29 and a beta of 1.99. The company’s 50-day moving average price is $245.49 and its 200 day moving average price is $206.09. Baidu has a 12-month low of $159.54 and a 12-month high of $269.80.

TRADEMARK VIOLATION NOTICE: This story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/20/baidu-inc-bidu-price-target-increased-to-305-00-by-analysts-at-jefferies-group-llc.html.

Several hedge funds and other institutional investors have recently bought and sold shares of BIDU. BlackRock Inc. raised its holdings in shares of Baidu by 4,625.7% during the 1st quarter. BlackRock Inc. now owns 11,974,528 shares of the information services provider’s stock worth $2,065,846,000 after acquiring an additional 11,721,135 shares during the period. Capital World Investors raised its holdings in shares of Baidu by 54.2% during the 2nd quarter. Capital World Investors now owns 9,726,375 shares of the information services provider’s stock worth $1,739,659,000 after acquiring an additional 3,419,291 shares during the period. Harris Associates L P raised its holdings in shares of Baidu by 29.7% during the 2nd quarter. Harris Associates L P now owns 9,015,196 shares of the information services provider’s stock worth $1,612,458,000 after acquiring an additional 2,066,614 shares during the period. Cambiar Investors LLC purchased a new position in shares of Baidu during the 2nd quarter worth $274,670,000. Finally, Veritas Asset Management LLP raised its holdings in shares of Baidu by 37.1% during the 2nd quarter. Veritas Asset Management LLP now owns 3,404,298 shares of the information services provider’s stock worth $608,893,000 after acquiring an additional 920,687 shares during the period. Institutional investors and hedge funds own 64.09% 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)

Receive News & Ratings for Baidu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu Inc. and related companies with MarketBeat.com's FREE daily email newsletter.