Daiwa Capital Markets upgraded shares of Baidu (NASDAQ:BIDU) from a hold rating to an outperform rating in a report released on Wednesday morning.

Other research analysts have also recently issued research reports about the stock. Bank of America reiterated a buy rating and set a $301.00 price objective on shares of Baidu in a research report on Sunday, November 19th. UBS Group upgraded shares of Baidu from a hold rating to a buy rating in a research report on Monday, October 23rd. Jefferies Group boosted their price objective on shares of Baidu from $232.00 to $305.00 and gave the company a buy rating in a research report on Friday, October 20th. Barclays upped their price target on shares of Baidu from $240.00 to $250.00 and gave the stock an equal weight rating in a report on Friday, January 26th. Finally, Zacks Investment Research cut shares of Baidu from a buy rating to a hold rating in a report on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Baidu presently has an average rating of Buy and an average target price of $246.76.

Baidu (NASDAQ:BIDU) traded up $10.29 during mid-day trading on Wednesday, reaching $235.89. 7,946,000 shares of the company’s stock were exchanged, compared to its average volume of 3,040,818. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71. Baidu has a fifty-two week low of $166.00 and a fifty-two week high of $274.97. The company has a market capitalization of $84,970.00, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.57 and a beta of 1.86.

A number of institutional investors have recently modified their holdings of BIDU. Harding Loevner LP grew its holdings in Baidu by 7,512.3% during the 3rd quarter. Harding Loevner LP now owns 299,359,034 shares of the information services provider’s stock worth $597,992,000 after acquiring an additional 295,426,466 shares in the last quarter. Investec Asset Management LTD grew its holdings in Baidu by 3,282.3% during the 3rd quarter. Investec Asset Management LTD now owns 1,202,148 shares of the information services provider’s stock worth $297,760,000 after acquiring an additional 1,166,606 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in Baidu by 8,004.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 599,337 shares of the information services provider’s stock worth $140,371,000 after acquiring an additional 591,942 shares in the last quarter. USS Investment Management Ltd grew its holdings in Baidu by 156.8% during the 3rd quarter. USS Investment Management Ltd now owns 562,600 shares of the information services provider’s stock worth $139,350,000 after acquiring an additional 343,500 shares in the last quarter. Finally, Bamco Inc. NY grew its holdings in Baidu by 93.9% during the 3rd quarter. Bamco Inc. NY now owns 682,496 shares of the information services provider’s stock worth $169,047,000 after acquiring an additional 330,489 shares in the last quarter. Institutional investors own 63.73% of the company’s stock.

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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.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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