Baidu Inc. (BIDU) Given “Buy” Rating at Jefferies Group
Jefferies Group reiterated their buy rating on shares of Baidu Inc. (NASDAQ:BIDU) in a research report report published on Monday morning. Jefferies Group currently has a $188.00 price target on the stock.
BIDU has been the subject of a number of other research reports. Vetr cut shares of Baidu from a strong-buy rating to a buy rating and set a $180.48 target price for the company. in a research report on Thursday, June 30th. Brean Capital reissued a buy rating on shares of Baidu in a research report on Tuesday, June 21st. Barclays PLC cut shares of Baidu to a hold rating in a research report on Monday, June 13th. Nomura cut their price objective on shares of Baidu from $187.00 to $160.00 and set a neutral rating for the company in a research report on Thursday, July 7th. Finally, Goldman Sachs Group Inc. cut their price objective on shares of Baidu from $220.00 to $200.00 and set a buy rating for the company in a research report on Tuesday, June 14th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $195.55.
Shares of Baidu (NASDAQ:BIDU) traded up 0.62% on Monday, hitting $184.67. 222,932 shares of the stock traded hands. Baidu has a 1-year low of $139.61 and a 1-year high of $217.97. The stock has a market cap of $64.01 billion, a PE ratio of 13.59 and a beta of 2.16. The stock has a 50 day moving average of $181.39 and a 200-day moving average of $175.26.
Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. increased its stake in 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 period. 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 period. 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 period. Finally, Barnett & Company Inc. bought a new position in shares of Baidu during the first quarter worth approximately $164,000. Institutional investors own 63.21% 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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