Baidu, Inc. (NASDAQ:BIDU) Price Target Raised to $295.00

Baidu, Inc. (NASDAQ:BIDU) had its price target boosted by Oppenheimer Holdings, Inc. from $250.00 to $295.00 in a research note published on Tuesday, October 31st. They currently have an outperform rating on the information services provider’s stock.

Other research analysts have also issued research reports about the stock. TheStreet upgraded shares of Baidu from a c+ rating to a b rating in a research note on Monday, July 31st. restated a buy rating and set a $245.00 price target (up previously from $223.00) on shares of Baidu in a research note on Tuesday, August 1st. Vetr upgraded shares of Baidu from a sell rating to a buy rating and set a $244.58 price target on the stock in a research note on Monday, July 31st. Instinet raised shares of Baidu from a neutral rating to a buy rating and upped their price objective for the company from $180.00 to $241.00 in a report on Monday, July 31st. Finally, Nomura raised shares of Baidu from a neutral rating to a buy rating and set a $241.00 price objective on the stock in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $234.70.

Shares of Baidu (BIDU) opened at $239.27 on Tuesday. Baidu has a twelve month low of $160.79 and a twelve month high of $274.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market cap of $82,969.27, a PE ratio of 30.29, a PEG ratio of 1.42 and a beta of 1.94.

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A number of hedge funds have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. raised its holdings in Baidu by 24.3% during the third quarter. Salem Investment Counselors Inc. now owns 14,545 shares of the information services provider’s stock worth $3,615,000 after purchasing an additional 2,845 shares in the last quarter. Green Square Capital LLC acquired a new position in shares of Baidu in the 3rd quarter valued at $226,000. Janney Montgomery Scott LLC increased its holdings in shares of Baidu by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 16,559 shares of the information services provider’s stock valued at $4,101,000 after acquiring an additional 493 shares during the period. Bamco Inc. NY increased its holdings in shares of Baidu by 93.9% in the 3rd quarter. Bamco Inc. NY now owns 682,496 shares of the information services provider’s stock valued at $169,047,000 after acquiring an additional 330,489 shares during the period. Finally, AlphaStar Capital Management LLC acquired a new position in shares of Baidu in the 3rd quarter valued at $576,000. 64.42% 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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