Baidu, Inc. (NASDAQ:BIDU) was upgraded by stock analysts at UBS AG from a “hold” rating to a “buy” rating in a research report issued on Monday, The Fly reports.

Several other equities analysts have also commented on the company. Jefferies Group LLC upped their price target on Baidu from $232.00 to $305.00 and gave the company a “buy” rating in a research note on Friday. Barclays PLC set a $250.00 price target on Baidu and gave the company a “hold” rating in a research note on Thursday. Zacks Investment Research raised Baidu from a “hold” rating to a “buy” rating and set a $265.00 price target on the stock in a research note on Wednesday, September 27th. HSBC Holdings plc reaffirmed a “buy” rating and issued a $282.00 price target (up previously from $245.00) on shares of Baidu in a research note on Wednesday, September 27th. Finally, Wells Fargo & Company began coverage on Baidu in a research note on Tuesday, September 26th. They issued an “outperform” rating and a $290.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $229.45.

Baidu (NASDAQ BIDU) traded up 0.25% during mid-day trading on Monday, reaching $265.56. The company’s stock had a trading volume of 1,069,364 shares. The stock has a market cap of $92.09 billion, a price-to-earnings ratio of 48.41 and a beta of 1.99. The firm’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 $274.97.

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Several institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors lifted its stake in shares of Baidu by 54.2% during the second quarter. Capital World Investors now owns 9,726,375 shares of the information services provider’s stock worth $1,739,659,000 after purchasing an additional 3,419,291 shares in the last quarter. Harris Associates L P lifted its stake in shares of Baidu by 29.7% during the second quarter. Harris Associates L P now owns 9,015,196 shares of the information services provider’s stock worth $1,612,458,000 after purchasing an additional 2,066,614 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Baidu by 4.4% during the second quarter. Artisan Partners Limited Partnership now owns 7,975,135 shares of the information services provider’s stock worth $1,426,433,000 after purchasing an additional 335,168 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Baidu by 7.4% during the second quarter. Franklin Resources Inc. now owns 7,219,564 shares of the information services provider’s stock worth $1,291,291,000 after purchasing an additional 498,060 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Baidu by 2.4% during the second quarter. Lazard Asset Management LLC now owns 5,879,990 shares of the information services provider’s stock worth $1,051,693,000 after purchasing an additional 138,105 shares in the last quarter. Institutional investors 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.

The Fly

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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