Shares of Baidu Inc (NASDAQ:BIDU) have received a consensus rating of “Buy” from the twenty-seven research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $238.13.

Several brokerages have commented on BIDU. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Wells Fargo & Co restated an “outperform” rating and issued a $200.00 price objective (down from $275.00) on shares of Baidu in a report on Monday, January 8th. Zacks Investment Research lowered shares of Baidu from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Bank of America restated a “buy” rating and issued a $301.00 price objective on shares of Baidu in a report on Sunday, November 19th. Finally, Oppenheimer raised their price objective on shares of Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st.

Shares of Baidu (NASDAQ BIDU) traded up $11.09 on Tuesday, reaching $264.13. 1,283,517 shares of the company’s stock traded hands, compared to its average volume of 2,307,833. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. Baidu has a twelve month low of $166.00 and a twelve month high of $274.97. The stock has a market capitalization of $88,210.00, a price-to-earnings ratio of 37.25, a PEG ratio of 1.53 and a beta of 1.89.

Hedge funds have recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA increased its position in shares of Baidu by 5.4% during the second quarter. San Francisco Sentry Investment Group CA now owns 1,365 shares of the information services provider’s stock valued at $244,000 after acquiring an additional 70 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of Baidu by 8.7% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,126 shares of the information services provider’s stock valued at $383,000 after acquiring an additional 170 shares in the last quarter. Rehmann Capital Advisory Group increased its position in shares of Baidu by 10.6% during the third quarter. Rehmann Capital Advisory Group now owns 2,113 shares of the information services provider’s stock valued at $523,000 after acquiring an additional 202 shares in the last quarter. Advisors Capital Management LLC increased its position in shares of Baidu by 2.3% during the third quarter. Advisors Capital Management LLC now owns 8,991 shares of the information services provider’s stock valued at $2,227,000 after acquiring an additional 204 shares in the last quarter. Finally, Commerce Bank increased its position in shares of Baidu by 8.1% during the third quarter. Commerce Bank now owns 2,807 shares of the information services provider’s stock valued at $696,000 after acquiring an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 63.94% of the company’s stock.

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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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