Shares of Baidu, Inc. (NASDAQ:BIDU) have received an average rating of “Buy” from the twenty-nine brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, fifteen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $239.06.

A number of analysts have weighed in on BIDU shares. Vetr cut Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 price objective for the company. in a research report on Tuesday, September 19th. Barclays PLC set a $250.00 price objective on Baidu and gave the stock a “hold” rating in a research report on Thursday, October 19th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Baidu in a research report on Thursday, August 31st. Citigroup Inc. reaffirmed a “hold” rating and set a $253.00 price objective on shares of Baidu in a research report on Thursday, September 14th. Finally, Macquarie reaffirmed a “top pick” rating on shares of Baidu in a research report on Monday, August 28th.

Several hedge funds have recently bought and sold shares of BIDU. Principal Financial Group Inc. boosted its holdings in shares of Baidu by 0.4% during the first quarter. Principal Financial Group Inc. now owns 1,346 shares of the information services provider’s stock worth $232,000 after purchasing an additional 6 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Baidu by 17.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 11,626 shares of the information services provider’s stock worth $2,006,000 after purchasing an additional 1,747 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Baidu during the first quarter worth $6,468,000. UBS Oconnor LLC boosted its holdings in shares of Baidu by 305.7% during the first quarter. UBS Oconnor LLC now owns 314,566 shares of the information services provider’s stock worth $54,269,000 after purchasing an additional 237,025 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in shares of Baidu by 42.8% during the first quarter. Sowell Financial Services LLC now owns 1,339 shares of the information services provider’s stock worth $255,000 after purchasing an additional 401 shares during the last quarter. Institutional investors and hedge funds own 64.27% of the company’s stock.

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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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