Baidu, Inc. (BIDU) Upgraded to Buy by Vetr Inc.

Vetr upgraded shares of Baidu, Inc. (NASDAQ:BIDU) from a sell rating to a buy rating in a report published on Monday, July 31st. They currently have $244.58 target price on the information services provider’s stock.

A number of other analysts have also recently weighed in on BIDU. 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 objective for the company. J P Morgan Chase & Co restated a neutral rating and issued a $190.00 price objective on shares of Baidu in a research note on Friday, April 28th. Credit Suisse Group restated a hold rating and issued a $180.00 price objective on shares of Baidu in a research note on Friday, April 28th. Jefferies Group LLC boosted their price objective 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. Finally, ValuEngine upgraded shares of Baidu from a sell rating to a hold rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $209.80.

Baidu (NASDAQ:BIDU) traded up 0.41% during midday trading on Monday, reaching $223.49. 3,329,940 shares of the company traded hands. Baidu has a 12 month low of $159.54 and a 12 month high of $233.37. The firm has a 50 day moving average of $198.76 and a 200-day moving average of $183.92. The stock has a market capitalization of $77.50 billion, a price-to-earnings ratio of 41.88 and a beta of 1.95.

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Large investors have recently bought and sold shares of the company. Harding Loevner LP raised its stake in Baidu by 10.5% in the first quarter. Harding Loevner LP now owns 4,377,670 shares of the information services provider’s stock valued at $755,236,000 after buying an additional 414,941 shares during the last quarter. Raymond James Trust N.A. raised its stake in Baidu by 3.8% in the first quarter. Raymond James Trust N.A. now owns 1,321 shares of the information services provider’s stock valued at $228,000 after buying an additional 48 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its stake in Baidu by 20.8% in the first quarter. ANTIPODES PARTNERS Ltd now owns 343,489 shares of the information services provider’s stock valued at $57,351,000 after buying an additional 59,120 shares during the last quarter. Highland Capital Management LLC raised its stake in Baidu by 8.3% in the first quarter. Highland Capital Management LLC now owns 4,685 shares of the information services provider’s stock valued at $808,000 after buying an additional 360 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Baidu by 29.4% in the first quarter. Bank of Montreal Can now owns 263,820 shares of the information services provider’s stock valued at $45,513,000 after buying an additional 59,957 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

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.

To view Vetr’s full report, visit Vetr’s official website.

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