Baidu, Inc. (NASDAQ:BIDU)‘s stock had its “underperform” rating reissued by equities research analysts at Sanford C. Bernstein in a report released on Friday. They presently have a $152.00 target price on the information services provider’s stock, down from their previous target price of $188.00. Sanford C. Bernstein’s price target would indicate a potential downside of 18.68% from the company’s current price.

Other analysts also recently issued research reports about the company. BidaskClub raised Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. Barclays PLC initiated coverage on Baidu in a research note on Tuesday, March 28th. They issued an “equal weight” rating and a $195.00 price target on the stock. Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $205.36 price target on the stock in a research note on Monday, June 12th. Jefferies Group LLC set a $188.00 price target on Baidu and gave the company a “buy” rating in a research note on Saturday, April 1st. Finally, Credit Suisse Group reissued a “hold” rating and issued a $180.00 price target on shares of Baidu in a research note on Friday, April 28th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Baidu presently has an average rating of “Hold” and an average price target of $188.11.

Shares of Baidu (NASDAQ BIDU) traded up 1.05% during mid-day trading on Friday, reaching $188.88. 692,343 shares of the company traded hands. The company’s 50 day moving average is $183.83 and its 200 day moving average is $177.30. Baidu has a 52-week low of $155.28 and a 52-week high of $197.80. The stock has a market capitalization of $65.52 billion, a price-to-earnings ratio of 41.23 and a beta of 1.91.

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Several hedge funds have recently modified their holdings of BIDU. Principal Financial Group Inc. boosted its stake in shares of Baidu by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,346 shares of the information services provider’s stock valued at $232,000 after buying an additional 6 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Baidu by 0.6% in the first quarter. IFP Advisors Inc now owns 1,596 shares of the information services provider’s stock valued at $275,000 after buying an additional 9 shares in the last quarter. Boston Private Wealth LLC boosted its stake in shares of Baidu by 0.4% in the first quarter. Boston Private Wealth LLC now owns 2,018 shares of the information services provider’s stock valued at $348,000 after buying an additional 9 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Baidu by 0.6% in the first quarter. Ameritas Investment Partners Inc. now owns 4,949 shares of the information services provider’s stock valued at $854,000 after buying an additional 28 shares in the last quarter. Finally, Hollencrest Securities LLC boosted its stake in shares of Baidu by 2.1% in the first quarter. Hollencrest Securities LLC now owns 1,687 shares of the information services provider’s stock valued at $291,000 after buying an additional 35 shares in the last quarter. 64.41% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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