Baidu Inc. (NASDAQ:BIDU)‘s stock had its “sell” rating reaffirmed by stock analysts at Bank of America Corp. in a note issued to investors on Friday.

Other analysts also recently issued reports about the stock. Citigroup Inc. dropped their target price on shares of Baidu from $180.00 to $179.00 and set a “neutral” rating on the stock in a report on Monday, July 25th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $188.00 target price (down from $196.00) on shares of Baidu in a report on Tuesday, August 2nd. Piper Jaffray Cos. restated an “overweight” rating and set a $215.00 target price (down from $235.00) on shares of Baidu in a report on Tuesday, June 14th. Deutsche Bank AG restated a “buy” rating and set a $182.00 target price (down from $199.00) on shares of Baidu in a report on Monday, August 1st. Finally, Nomura dropped their target price on shares of Baidu from $187.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $195.55.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

Shares of Baidu (NASDAQ:BIDU) opened at 183.54 on Friday. Baidu has a 12-month low of $139.61 and a 12-month high of $217.97. The company has a market capitalization of $63.61 billion, a P/E ratio of 13.50 and a beta of 2.16. The company’s 50 day moving average is $181.39 and its 200 day moving average is $175.26.

A number of institutional investors have recently added to or reduced their stakes in BIDU. Cornerstone Advisors Inc. boosted its position 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 period. IFP Advisors Inc boosted its stake in shares of Baidu by 0.7% in the second quarter. IFP Advisors Inc now owns 2,013 shares of the company’s stock worth $332,000 after buying an additional 14 shares during the last quarter. Westport Resources Management Inc. boosted its stake in shares of Baidu by 1.0% in the second quarter. Westport Resources Management Inc. now owns 2,801 shares of the company’s stock worth $463,000 after buying an additional 28 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Baidu by 0.5% in the second quarter. Baird Financial Group Inc. now owns 7,508 shares of the company’s stock worth $1,240,000 after buying an additional 36 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of Baidu by 0.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 10,765 shares of the company’s stock worth $1,778,000 after buying an additional 39 shares during the last quarter. 63.21% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:BIDU

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