Cantor Fitzgerald upgraded shares of Baidu, Inc. (NASDAQ:BIDU) from an underweight rating to an overweight rating in a report issued on Friday morning, Marketbeat reports. Cantor Fitzgerald currently has $260.00 price target on the information services provider’s stock, up from their prior price target of $156.00.

Other analysts have also issued reports about the stock. Vetr lowered shares of Baidu from a strong-buy rating to a buy rating and set a $199.19 price target for the company. in a research note on Monday, May 8th. Jefferies Group LLC upped their price target on shares of Baidu from $188.00 to $208.00 and gave the stock a buy rating in a research note on Monday, May 1st. Benchmark Co. initiated coverage on shares of Baidu in a research note on Tuesday, April 18th. They issued a buy rating and a $190.00 price target for the company. HSBC Holdings plc reaffirmed a buy rating and issued a $223.00 price target on shares of Baidu in a research note on Monday, July 10th. Finally, TheStreet lowered shares of Baidu from a b- rating to a c+ rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $209.80.

Baidu (NASDAQ:BIDU) traded down 0.93% during midday trading on Friday, hitting $224.25. 936,023 shares of the stock were exchanged. The stock has a market cap of $77.76 billion, a price-to-earnings ratio of 42.30 and a beta of 1.91. Baidu has a 52 week low of $159.54 and a 52 week high of $230.00. The firm’s 50-day moving average is $186.42 and its 200 day moving average is $180.81.

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Large investors have recently modified their holdings of the stock. Harris Associates L P raised its position in Baidu by 9.0% in the first quarter. Harris Associates L P now owns 6,948,582 shares of the information services provider’s stock valued at $1,198,769,000 after buying an additional 572,298 shares in the last quarter. Capital Fund Management S.A. raised its position in Baidu by 67.4% in the first quarter. Capital Fund Management S.A. now owns 33,637 shares of the information services provider’s stock valued at $5,803,000 after buying an additional 13,549 shares in the last quarter. Neuberger Berman Group LLC raised its position in Baidu by 1.5% in the first quarter. Neuberger Berman Group LLC now owns 1,307,575 shares of the information services provider’s stock valued at $225,583,000 after buying an additional 19,932 shares in the last quarter. Holderness Investments Co. bought a new position in Baidu during the first quarter valued at $367,000. Finally, Wells Fargo & Company MN raised its position in Baidu by 20.2% in the first quarter. Wells Fargo & Company MN now owns 774,706 shares of the information services provider’s stock valued at $133,653,000 after buying an additional 130,060 shares in the last quarter. Institutional investors and hedge funds own 64.67% of the company’s stock.

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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