Analysts Set Baidu, Inc. (BIDU) Target Price at $188.97

Judith Bessette
Agosto 13, 2017

(NASDAQ:BIDU) by 45.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Lazard Asset Management LLC now owns 5,741,885 shares of the information services provider's stock valued at $990,588,000 after buying an additional 132,261 shares during the period. "(BIDU) Stake Boosted by Marathon Asset Management LLP" was posted by BNB Daily and is owned by of BNB Daily. DnB Asset Management AS now owns 572,055 shares of the information services provider's stock valued at $98,691,000 after buying an additional 425,113 shares during the last quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BIDU. 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. Artisan Partners Limited Partnership increased its position in shares of Baidu by 4.4% in the second quarter. IHT Wealth Management LLC increased its position in Baidu by 6.0% in the first quarter. Barnett & Company Inc. now owns 800 shares of the information services provider's stock valued at $138,000 after buying an additional 75 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Baidu during the second quarter worth approximately $112,000. The institutional investor held 44,932 shares of the medical and dental instruments company at the end of 2016Q4, valued at $5.38M, down from 48,217 at the end of the previous reported quarter. BidaskClub raised shares of Baidu from a "sell" rating to a "hold" rating in a report on Thursday, June 22nd. (NASDAQ BIDU) opened at 223.49 on Friday. The company had a trading volume of 2,830,971 shares. The company has a market cap of $77.50 billion, a P/E ratio of 41.88 and a beta of 1.95.

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The firm's 50 day moving average is $198.76 and its 200-day moving average is $183.92. Baidu has a 52 week low of $159.54 and a 52 week high of $233.37. "(NASDAQ:BIDU) Position Raised by Marathon Asset Management LLP" was originally published by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece on another site, it was stolen and republished in violation of USA and worldwide copyright & trademark laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/08/11/flossbach-von-storch-ag-purchases-1100-shares-of-baidu-inc-nasdaqbidu-updated.html.

BIDU has been the subject of a number of recent analyst reports. The company now has an average rating of "Buy" and an average target price of $209.80. HSBC Holdings plc reissued a "buy" rating and set a $245.00 target price (up previously from $223.00) on shares of Baidu in a research note on Tuesday, August 1st. Finally, TheStreet raised Baidu from a "c+" rating to a "b" rating in a research note on Monday, July 31st. Finally, Instinet upgraded Baidu from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $180.00 to $241.00 in a research note on Monday, July 31st. 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. The company now has an average rating of Buy and an average target price of $209.80.

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