According to Zacks, “Baidu, Inc., formerly Baidu.com, Inc. is a Chinese-language Internet search provider and is based in Beijing, the People’s Republic of China.The company offers a Chinese language search platform and conducts its operations principally through Baidu Online Network Technology Co., Ltd. , a network of third-party Web sites and software applications. Further, the company offers Japanese search services, including Web search, image search, video search, and blog search capabilities. It also offers online marketing services to its customers directly and through other distribution networks. “
A number of other equities research analysts also recently commented on BIDU. Vetr downgraded Baidu from a strong-buy rating to a buy rating and set a $181.65 price objective for the company. in a research report on Tuesday, July 26th. Brean Capital reiterated a buy rating and set a $220.00 price objective (down previously from $235.00) on shares of Baidu in a research report on Wednesday, June 15th. Goldman Sachs Group Inc. cut their price objective on Baidu from $220.00 to $200.00 and set a buy rating for the company in a research report on Tuesday, June 14th. Piper Jaffray Cos. reiterated an overweight rating and set a $215.00 price objective (down previously from $235.00) on shares of Baidu in a research report on Tuesday, June 14th. Finally, TH Capital downgraded Baidu from a buy rating to a hold rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $195.46.
Baidu (NASDAQ:BIDU) opened at 179.80 on Tuesday. Baidu has a one year low of $139.61 and a one year high of $217.97. The firm has a market cap of $62.32 billion, a PE ratio of 13.24 and a beta of 2.16. The company has a 50-day moving average price of $182.39 and a 200-day moving average price of $175.28.
Large investors have recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. boosted its stake in Baidu by 0.8% in the second quarter. Cornerstone Advisors Inc. now owns 605 shares of the company’s stock valued at $100,000 after buying an additional 5 shares during the last quarter. Huntington National Bank boosted its stake in Baidu by 38.2% in the second quarter. Huntington National Bank now owns 622 shares of the company’s stock valued at $103,000 after buying an additional 172 shares during the last quarter. Signaturefd LLC boosted its stake in Baidu by 45.0% in the second quarter. Signaturefd LLC now owns 741 shares of the company’s stock valued at $122,000 after buying an additional 230 shares during the last quarter. WealthTrust Arizona LLC boosted its stake in Baidu by 12.1% in the second quarter. WealthTrust Arizona LLC now owns 777 shares of the company’s stock valued at $128,000 after buying an additional 84 shares during the last quarter. Finally, Barnett & Company Inc. bought a new stake in Baidu during the first quarter valued at $164,000. Institutional investors and hedge funds own 63.41% of the company’s stock.
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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