HSBC Holdings plc restated their buy rating on shares of Baidu, Inc. (NASDAQ:BIDU) in a report released on Wednesday morning. HSBC Holdings plc currently has a $282.00 target price on the information services provider’s stock, up from their prior target price of $245.00.

Several other analysts also recently weighed in on the company. Wells Fargo & Company assumed coverage on Baidu in a report on Tuesday. They issued an outperform rating and a $290.00 target price for the company. Vetr raised Baidu from a buy rating to a strong-buy rating and set a $265.83 target price for the company in a report on Tuesday. Bank of America Corporation reissued a buy rating and issued a $263.00 target price on shares of Baidu in a report on Monday, September 18th. Citigroup Inc. reissued a hold rating and issued a $253.00 target price on shares of Baidu in a report on Thursday, September 14th. Finally, Credit Suisse Group reaffirmed an outperform rating on shares of Baidu in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. Baidu has a consensus rating of Buy and a consensus price target of $223.12.

Baidu (NASDAQ BIDU) opened at 247.69 on Wednesday. The stock has a market capitalization of $85.89 billion, a PE ratio of 45.15 and a beta of 1.98. The stock has a 50 day moving average price of $227.76 and a 200 day moving average price of $193.39. Baidu has a 52 week low of $159.54 and a 52 week high of $248.00.

TRADEMARK VIOLATION NOTICE: “Baidu’s (BIDU) Buy Rating Reiterated at HSBC Holdings plc” was published by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/baidus-bidu-buy-rating-reiterated-at-hsbc-holdings-plc/1598742.html.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Baidu by 4,625.7% during the 1st quarter. BlackRock Inc. now owns 11,974,528 shares of the information services provider’s stock valued at $2,065,846,000 after buying an additional 11,721,135 shares during the last quarter. Capital World Investors grew its holdings in Baidu by 54.2% during the 2nd quarter. Capital World Investors now owns 9,726,375 shares of the information services provider’s stock valued at $1,739,659,000 after buying an additional 3,419,291 shares during the last quarter. Harris Associates L P grew its holdings in Baidu by 29.7% during the 2nd quarter. Harris Associates L P now owns 9,015,196 shares of the information services provider’s stock valued at $1,612,458,000 after buying an additional 2,066,614 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in Baidu by 4.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 7,975,135 shares of the information services provider’s stock valued at $1,426,433,000 after buying an additional 335,168 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Baidu by 7.4% during the 2nd quarter. Franklin Resources Inc. now owns 7,219,564 shares of the information services provider’s stock valued at $1,291,291,000 after buying an additional 498,060 shares during the last quarter. Hedge funds and other institutional investors own 64.14% 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)

Receive News & Ratings for Baidu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.