Baidu, Inc. (NASDAQ:BIDU)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group in a research report issued on Thursday.

Several other research firms also recently commented on BIDU. 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. Vetr raised Baidu from a “sell” rating to a “buy” rating and set a $244.58 price target on the stock in a report on Monday, July 31st. HSBC Holdings plc reaffirmed a “buy” rating and set a $245.00 price target (up from $223.00) on shares of Baidu in a report on Tuesday, August 1st. BidaskClub raised Baidu from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, TheStreet raised Baidu from a “c+” rating to a “b” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Baidu presently has a consensus rating of “Buy” and a consensus target price of $209.80.

Baidu (NASDAQ BIDU) traded up 1.74% during midday trading on Thursday, reaching $227.78. The company had a trading volume of 1,564,314 shares. The stock has a market capitalization of $78.99 billion, a PE ratio of 42.46 and a beta of 1.95. The company has a 50-day moving average of $210.64 and a 200-day moving average of $187.42. Baidu has a 12-month low of $159.54 and a 12-month high of $233.37.

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A number of hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its stake in shares of Baidu by 22.9% in the first quarter. Janney Montgomery Scott LLC now owns 10,080 shares of the information services provider’s stock worth $1,739,000 after buying an additional 1,881 shares during 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 worth $275,000 after buying an additional 9 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Baidu by 15,089.2% in the first quarter. Jennison Associates LLC now owns 275,077 shares of the information services provider’s stock worth $47,456,000 after buying an additional 273,266 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Baidu during the first quarter worth approximately $325,000. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Baidu by 1.7% in the first quarter. Great West Life Assurance Co. Can now owns 118,682 shares of the information services provider’s stock worth $20,453,000 after buying an additional 2,000 shares during 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.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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