Baidu Inc. (NASDAQ:BIDU)‘s stock had its “sell” rating reiterated by Bank of America Corp. in a note issued to investors on Friday.
A number of other analysts have also recently weighed in on the company. Vetr raised Baidu from a “hold” rating to a “buy” rating and set a $197.45 price objective for the company in a research report on Thursday. Deutsche Bank AG cut Baidu from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $219.00 to $201.00 in a research report on Wednesday. Nomura reaffirmed a “neutral” rating and set a $155.00 price objective on shares of Baidu in a research report on Tuesday, September 6th. JPMorgan Chase & Co. assumed coverage on Baidu in a research report on Wednesday, August 31st. They set an “underweight” rating and a $164.00 price objective for the company. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $188.00 price target (down from $196.00) on shares of Baidu in a report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $196.34.
Baidu (NASDAQ:BIDU) traded down 0.09% during trading on Friday, reaching $182.07. The company’s stock had a trading volume of 2,183,724 shares. The company has a market capitalization of $63.11 billion, a PE ratio of 13.39 and a beta of 2.30. The company has a 50 day moving average price of $180.54 and a 200-day moving average price of $175.35. Baidu has a 52 week low of $136.31 and a 52 week high of $217.97.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Advisors Inc. boosted its position in shares of Baidu by 0.8% in the second quarter. Cornerstone Advisors Inc. now owns 605 shares of the company’s stock worth $100,000 after buying an additional 5 shares during the last quarter. Huntington National Bank boosted its position in shares of Baidu by 38.2% in the second quarter. Huntington National Bank now owns 622 shares of the company’s stock worth $103,000 after buying an additional 172 shares during the last quarter. Signaturefd LLC boosted its position in shares of Baidu by 45.0% in the second quarter. Signaturefd LLC now owns 741 shares of the company’s stock worth $122,000 after buying an additional 230 shares during the last quarter. WealthTrust Arizona LLC boosted its position in shares of Baidu by 12.1% in the second quarter. WealthTrust Arizona LLC now owns 777 shares of the company’s stock worth $128,000 after buying an additional 84 shares during the last quarter. Finally, Barnett & Company Inc. purchased a new position in shares of Baidu during the first quarter worth $164,000. Hedge funds and other institutional investors own 63.21% of the company’s stock.
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.
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