Baidu, Inc. (NASDAQ:BIDU) gapped down before the market opened on Thursday . The stock had previously closed at $275.68, but opened at $268.97. Baidu shares last traded at $264.52, with a volume of 2,981,814 shares changing hands.

A number of equities research analysts have issued reports on BIDU shares. BidaskClub raised shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. TheStreet lowered shares of Baidu from a “b-” rating to a “c+” rating in a research note on Thursday, June 22nd. HSBC Holdings plc reissued a “buy” rating and set a $223.00 target price on shares of Baidu in a research note on Monday, July 10th. Sanford C. Bernstein reissued an “underperform” rating and set a $152.00 target price (down previously from $188.00) on shares of Baidu in a research note on Friday, July 14th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $208.00 target price on shares of Baidu in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $225.41.

The company’s 50 day moving average price is $244.44 and its 200 day moving average price is $205.45. The stock has a market capitalization of $91.73 billion, a PE ratio of 48.22 and a beta of 1.99.

A number of institutional investors and hedge funds have recently bought and sold shares of BIDU. BlackRock Inc. boosted 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 worth $2,065,846,000 after acquiring an additional 11,721,135 shares during the last quarter. Capital World Investors boosted 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 worth $1,739,659,000 after acquiring an additional 3,419,291 shares during the last quarter. Harris Associates L P boosted 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 worth $1,612,458,000 after acquiring an additional 2,066,614 shares during the last quarter. Cambiar Investors LLC purchased a new position in Baidu during the 2nd quarter worth $274,670,000. Finally, Veritas Asset Management LLP boosted its holdings in Baidu by 37.1% during the 2nd quarter. Veritas Asset Management LLP now owns 3,404,298 shares of the information services provider’s stock worth $608,893,000 after acquiring an additional 920,687 shares during the last quarter. 64.09% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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