Sanford C. Bernstein reiterated their underperform rating on shares of Baidu, Inc. (NASDAQ:BIDU) in a research report sent to investors on Friday, July 14th. The brokerage currently has a $152.00 target price on the information services provider’s stock, down from their previous target price of $188.00.

Several other equities analysts have also recently weighed in on BIDU. Vetr cut Baidu from a strong-buy rating to a buy rating and set a $199.19 price target for the company. in a report on Monday, May 8th. Benchmark Co. started coverage on Baidu in a research note on Tuesday, April 18th. They issued a buy rating and a $190.00 price objective for the company. Jefferies Group LLC set a $188.00 price target on Baidu and gave the stock a buy rating in a research note on Saturday, April 1st. HSBC Holdings plc reissued a buy rating and set a $223.00 price target on shares of Baidu in a research note on Monday, July 10th. Finally, TheStreet lowered Baidu from a b- rating to a c+ rating in a research note on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $189.02.

Shares of Baidu (NASDAQ:BIDU) traded up 2.83% during trading on Friday, hitting $198.65. The company’s stock had a trading volume of 3,925,259 shares. Baidu has a 52 week low of $156.23 and a 52 week high of $199.25. The firm’s 50 day moving average price is $182.55 and its 200-day moving average price is $179.29. The company has a market cap of $68.91 billion, a PE ratio of 43.07 and a beta of 1.91.

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Several large investors have recently bought and sold shares of the stock. Harris Associates L P increased its position in shares of Baidu by 9.0% in the first quarter. Harris Associates L P now owns 6,948,582 shares of the information services provider’s stock valued at $1,198,769,000 after buying an additional 572,298 shares in the last quarter. Dodge & Cox bought a new position in shares of Baidu during the fourth quarter valued at about $933,189,000. UBS Asset Management Americas Inc. increased its position in shares of Baidu by 34.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,456,384 shares of the information services provider’s stock valued at $568,265,000 after buying an additional 883,702 shares in the last quarter. Capital Fund Management S.A. increased its position in shares of Baidu by 67.4% in the first quarter. Capital Fund Management S.A. now owns 33,637 shares of the information services provider’s stock valued at $5,803,000 after buying an additional 13,549 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of Baidu by 1.5% in the first quarter. Neuberger Berman Group LLC now owns 1,307,575 shares of the information services provider’s stock valued at $225,583,000 after buying an additional 19,932 shares in the last quarter. Institutional investors own 64.68% of the company’s stock.

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.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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