Baidu, Inc. (NASDAQ:BIDU)’s share price hit a new 52-week high on Monday . The stock traded as high as $239.28 and last traded at $239.05, with a volume of 1,769,863 shares changing hands. The stock had previously closed at $235.21.

Several equities analysts recently weighed in on BIDU shares. Vetr lowered shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 price objective on the stock. in a report on Tuesday. Credit Suisse Group restated an “outperform” rating on shares of Baidu in a report on Thursday, August 31st. BidaskClub raised shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. Citigroup Inc. reaffirmed a “hold” rating and issued a $253.00 target price on shares of Baidu in a research note on Thursday, September 14th. Finally, Macquarie reaffirmed a “top pick” rating on shares of Baidu in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $215.51.

The company has a market cap of $82.48 billion, a P/E ratio of 43.86 and a beta of 1.98. The stock’s 50 day moving average is $227.76 and its 200 day moving average is $193.39.

Several hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position 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 worth $232,000 after purchasing an additional 6 shares during the last quarter. Boston Private Wealth LLC increased its position 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 worth $348,000 after purchasing an additional 9 shares during the last quarter. Cambridge Advisors Inc. increased its position in shares of Baidu by 0.6% in the second quarter. Cambridge Advisors Inc. now owns 1,583 shares of the information services provider’s stock worth $283,000 after purchasing an additional 10 shares during the last quarter. Ameritas Investment Partners Inc. increased its position 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 worth $854,000 after purchasing an additional 28 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Baidu by 1.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,478 shares of the information services provider’s stock worth $264,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 64.14% of the company’s stock.

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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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