Baidu Inc. (BIDU) Receives $187.94 Average PT from Analysts
Baidu Inc. (NASDAQ:BIDU) has been assigned an average recommendation of “Hold” from the twenty-three analysts that are presently covering the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $187.94.
A number of equities research analysts recently commented on the company. Vetr lowered Baidu from a “hold” rating to a “sell” rating and set a $176.40 target price on the stock. in a research report on Tuesday, September 6th. Citigroup Inc. reiterated a “neutral” rating and issued a $196.00 target price on shares of Baidu in a research report on Saturday, October 22nd. Brean Capital reiterated a “buy” rating on shares of Baidu in a research report on Tuesday, October 4th. 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. Finally, Piper Jaffray Cos. reissued a “buy” rating and issued a $190.00 price target on shares of Baidu in a report on Friday, October 28th.
Baidu (NASDAQ:BIDU) opened at 162.95 on Wednesday. The company has a market cap of $56.53 billion, a PE ratio of 12.08 and a beta of 1.99. The stock has a 50 day moving average of $177.15 and a 200 day moving average of $172.65. Baidu has a 52 week low of $139.61 and a 52 week high of $217.97.
Institutional investors have recently added to or reduced their stakes in the company. 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 in the last quarter. Huntington National Bank boosted its position in 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 in the last quarter. Signaturefd LLC boosted its position in 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 in the last quarter. WealthTrust Arizona LLC boosted its position in 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 in the last quarter. Finally, Financial Architects Inc boosted its position in Baidu by 63.2% in the third quarter. Financial Architects Inc now owns 775 shares of the company’s stock worth $141,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 64.20% 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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