Barclays PLC set a $250.00 price target on Baidu, Inc. (NASDAQ:BIDU) in a research note issued to investors on Thursday. The brokerage currently has a hold rating on the information services provider’s stock.
A number of other research firms have also recently weighed in on BIDU. Vetr cut shares of Baidu from a strong-buy rating to a buy rating and set a $265.83 price objective for the company. in a report on Tuesday, September 19th. Citigroup Inc. reaffirmed a hold rating and issued a $253.00 price objective on shares of Baidu in a report on Thursday, September 14th. HSBC Holdings plc reaffirmed a buy rating and issued a $282.00 price objective (up previously from $245.00) on shares of Baidu in a report on Wednesday, September 27th. Zacks Investment Research raised shares of Baidu from a hold rating to a buy rating and set a $265.00 price objective for the company in a report on Wednesday, September 27th. Finally, Bank of America Corporation reaffirmed a buy rating and issued a $263.00 price objective on shares of Baidu in a report on Monday, September 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. Baidu has an average rating of Buy and a consensus price target of $229.45.
Baidu (NASDAQ BIDU) opened at 264.90 on Thursday. The company has a 50-day moving average of $245.49 and a 200 day moving average of $206.09. The company has a market cap of $91.86 billion, a P/E ratio of 48.29 and a beta of 1.99. Baidu has a one year low of $159.54 and a one year high of $274.97.
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A number of large investors have recently bought and sold shares of BIDU. Grove Bank & Trust boosted its holdings in Baidu by 74.2% in the 2nd quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 253 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Baidu in the 2nd quarter valued at about $112,000. Harbour Capital Advisors LLC boosted its holdings in Baidu by 17,786.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 20,927 shares of the information services provider’s stock valued at $117,000 after purchasing an additional 20,810 shares during the last quarter. Aviance Capital Management LLC acquired a new position in Baidu in the 2nd quarter valued at about $124,000. Finally, Highstreet Asset Management Inc. acquired a new position in Baidu in the 2nd quarter valued at about $146,000. Institutional investors own 64.09% of the company’s stock.
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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