Baidu, Inc. (NASDAQ:BIDU)‘s stock had its “top pick” rating restated by Macquarie in a research note issued to investors on Monday, The Fly reports.

BIDU has been the topic of several other research reports. Vetr cut Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 target price on the stock. in a report on Monday, May 8th. Deutsche Bank AG reissued a “hold” rating and set a $201.00 target price (up previously from $186.00) on shares of Baidu in a report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and set a $208.00 target price on shares of Baidu in a report on Saturday, July 22nd. Instinet raised Baidu from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $241.00 in a report on Monday, July 31st. Finally, Erste Group raised Baidu from a “sell” rating to a “hold” rating in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $212.21.

Baidu (NASDAQ:BIDU) traded down 1.90% during mid-day trading on Monday, reaching $221.27. The company had a trading volume of 1,448,563 shares. The company has a market capitalization of $76.73 billion, a price-to-earnings ratio of 41.20 and a beta of 1.95. Baidu has a 12 month low of $159.54 and a 12 month high of $233.37. The firm’s 50 day moving average price is $210.64 and its 200-day moving average price is $187.42.

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Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its position in Baidu by 22.9% in the first quarter. Janney Montgomery Scott LLC now owns 10,080 shares of the information services provider’s stock valued at $1,739,000 after buying an additional 1,881 shares in the last quarter. IFP Advisors Inc boosted its position in 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. BB&T Corp boosted its position in Baidu by 4.1% in the first quarter. BB&T Corp now owns 20,268 shares of the information services provider’s stock valued at $3,497,000 after buying an additional 797 shares in the last quarter. Rockefeller Financial Services Inc. boosted its position in Baidu by 0.4% in the first quarter. Rockefeller Financial Services Inc. now owns 319,631 shares of the information services provider’s stock valued at $55,143,000 after buying an additional 1,318 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Baidu by 20.2% in the first quarter. Wells Fargo & Company MN now owns 774,706 shares of the information services provider’s stock valued at $133,653,000 after buying an additional 130,060 shares in the last quarter. Institutional investors and hedge funds own 64.15% 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.

The Fly

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