Shares of Baidu Inc (NASDAQ:BIDU) have earned a consensus recommendation of “Hold” from the twenty-four analysts that are currently covering the company. Three investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $186.31.

BIDU has been the subject of several recent analyst reports. Vetr downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $173.26 target price for the company. in a report on Tuesday, November 29th. Jefferies Group LLC set a $188.00 target price on shares of Baidu and gave the stock a “buy” rating in a report on Friday, December 9th. Brean Capital reaffirmed a “buy” rating and issued a $196.00 target price on shares of Baidu in a report on Tuesday, December 13th. Cantor Fitzgerald initiated coverage on shares of Baidu in a report on Monday, December 19th. They issued an “underweight” rating and a $126.00 target price for the company. Finally, Evercore ISI initiated coverage on shares of Baidu in a report on Tuesday, December 20th. They issued a “hold” rating and a $200.00 target price for the company.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Artisan Partners Limited Partnership increased its position in shares of Baidu by 8.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 7,018,585 shares of the company’s stock worth $1,153,926,000 after buying an additional 518,444 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Baidu by 25.7% in the fourth quarter. Franklin Resources Inc. now owns 5,759,368 shares of the company’s stock worth $946,966,000 after buying an additional 1,177,248 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Baidu by 20.9% in the third quarter. BlackRock Fund Advisors now owns 3,997,494 shares of the company’s stock worth $727,824,000 after buying an additional 689,696 shares during the last quarter. BlackRock Group LTD increased its position in shares of Baidu by 4.0% in the third quarter. BlackRock Group LTD now owns 3,483,504 shares of the company’s stock worth $634,241,000 after buying an additional 133,757 shares during the last quarter. Finally, FIL Ltd increased its position in shares of Baidu by 12.1% in the fourth quarter. FIL Ltd now owns 3,191,686 shares of the company’s stock worth $524,744,000 after buying an additional 344,740 shares during the last quarter. 62.63% of the stock is owned by hedge funds and other institutional investors.

Baidu (NASDAQ:BIDU) traded down 0.39% during midday trading on Monday, reaching $175.93. The company’s stock had a trading volume of 811,872 shares. The firm has a market cap of $61.09 billion, a P/E ratio of 38.17 and a beta of 1.90. Baidu has a one year low of $155.28 and a one year high of $201.00. The firm has a 50 day moving average price of $177.44 and a 200 day moving average price of $175.21.

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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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