Traders Buy Shares of Baidu, Inc. (NASDAQ:BIDU) on Weakness

Xavier Trudeau
Août 13, 2017

Jefferies Group LLC now has a $208.00 target price on the information services provider's stock. Baidu makes up approximately 2.2% of Marathon Asset Management LLP's portfolio, making the stock its 7th largest position. Pitcairn Co.'s holdings in Baidu were worth $1,202,000 as of its most recent filing with the SEC.

A number of other analysts have also recently weighed in on BIDU. Hollencrest Securities LLC boosted its stake in shares of Baidu by 2.1% in the first quarter. BlackRock has an ownership of 11,974,528 stocks of the information services provider's shares valued at $2,065,846,000 after scooping up an extra 11,721,135 shares through out the quarter. Boston Private Wealth LLC increased its position in shares of Baidu by 0.4% in the first quarter.

Contrarius Investment Management Ltd increased Baidu Inc (BIDU) stake by 75.27% reported in 2016Q4 SEC filing. 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. Finally, State Street Corp increased its position in Baidu by 5.7% in the first quarter. ProVise Management Group LLC bought a new position in Baidu during the first quarter valued at approximately $202,000. Hedge funds and other institutional investors own 65.25% of the company's stock. Below is a list of Baidu Inc (ADR) (NASDAQ:BIDU) latest ratings and price target changes.

Shares of Baidu (NASDAQ BIDU) traded up 0.41% on Monday, reaching $223.49. Artisan Partners Limited Partnership now owns 7,639,967 shares of the information services provider's stock valued at $1,318,047,000 after buying an additional 621,382 shares during the period. Company has a valuation of $77.36 B, a price to earnings ratio of 41.811 along with a stock beta of 1.95. The firm has a 50-day moving average of $198.76 and a 200 day moving average of $183.92. Baidu, Inc. has a 52 week low of $159.54 and a 52 week high of $233.37.

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Several analysts recently issued reports on BIDU shares. Vetr raised Baidu from a "sell" rating to a "buy" rating and set a $244.58 target price on the stock in a research note on Monday, July 31st. The company now has an average rating of "Buy" and an average target price of $209.80. HSBC Holdings plc reaffirmed a "buy" rating and set a $245.00 price target (up previously from $223.00) on shares of Baidu in a research report on Tuesday, August 1st. Instinet raised Baidu from a "neutral" rating to a "buy" rating and upped their target price for the stock from $180.00 to $241.00 in a research note on Monday, July 31st. J P Morgan Chase & Co reiterated a "neutral" rating and set a $190.00 price target on shares of Baidu in a report on Friday, April 28th. 1 investment expert has recommended the share with a sell recommendation, around ten have issued a hold recommendation, thirteen has issued a buy recommendation and 1 have issued a strong buy recommendation to the share. the share presently has a consensus rating of Buy and an average price target of $209.80.

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