Baidu, Inc. (NASDAQ:BIDU)‘s stock had its “top pick” rating reiterated by investment analysts at Macquarie in a research report issued on Monday.

A number of other brokerages also recently commented on BIDU. BidaskClub raised shares of Baidu from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Vetr raised shares of Baidu from a “sell” rating to a “buy” rating and set a $244.58 price objective for the company in a research report on Monday, July 31st. TheStreet raised shares of Baidu from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and issued a $208.00 price objective on shares of Baidu in a research report on Monday, June 19th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $201.00 price objective (up previously from $186.00) on shares of Baidu in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Baidu presently has a consensus rating of “Buy” and a consensus target price of $209.80.

Baidu (NASDAQ:BIDU) opened at 220.69 on Monday. The stock has a market capitalization of $76.53 billion, a price-to-earnings ratio of 41.10 and a beta of 1.95. Baidu has a 52-week low of $159.54 and a 52-week high of $233.37. The firm has a 50-day moving average price of $210.64 and a 200 day moving average price of $187.42.

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Several institutional investors have recently modified their holdings of the stock. Grove Bank & Trust boosted its position in shares of Baidu by 74.2% in the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock valued at $106,000 after buying an additional 253 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Baidu during the second quarter valued at approximately $112,000. Harbour Capital Advisors LLC boosted its position in shares of Baidu by 17,786.3% in the second quarter. Harbour Capital Advisors LLC now owns 20,927 shares of the information services provider’s stock valued at $117,000 after buying an additional 20,810 shares during the last quarter. Aviance Capital Management LLC purchased a new position in shares of Baidu during the second quarter valued at approximately $124,000. Finally, Barnett & Company Inc. boosted its position in shares of Baidu by 10.3% in the first quarter. Barnett & Company Inc. now owns 800 shares of the information services provider’s stock valued at $138,000 after buying an additional 75 shares during the last quarter. Institutional investors 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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