B. Riley Wealth Advisors Inc. Raises Holdings in Baidu, Inc. (NASDAQ:BIDU)

B. Riley Wealth Advisors Inc. raised its position in Baidu, Inc. (NASDAQ:BIDU) by 134.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,421 shares of the information services provider’s stock after buying an additional 9,415 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Baidu were worth $1,739,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Baidu by 9.0% during the 2nd quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock worth $180,000 after buying an additional 171 shares during the period. Raymond James & Associates lifted its holdings in Baidu by 31.4% during the second quarter. Raymond James & Associates now owns 14,368 shares of the information services provider’s stock valued at $1,243,000 after purchasing an additional 3,432 shares in the last quarter. Summit Global Investments acquired a new stake in shares of Baidu in the second quarter valued at about $1,189,000. Bank Hapoalim BM increased its stake in shares of Baidu by 70.0% during the second quarter. Bank Hapoalim BM now owns 24,783 shares of the information services provider’s stock worth $2,143,000 after purchasing an additional 10,208 shares in the last quarter. Finally, AlphaStar Capital Management LLC acquired a new position in shares of Baidu during the 2nd quarter worth about $771,000.

Baidu Trading Down 2.7 %

Shares of Baidu stock opened at $88.34 on Tuesday. The stock has a 50 day moving average of $89.98 and a 200 day moving average of $90.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. The firm has a market capitalization of $30.98 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.19 and a beta of 0.46. Baidu, Inc. has a fifty-two week low of $78.95 and a fifty-two week high of $120.25.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BIDU shares. Hsbc Global Res lowered Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Dbs Bank downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. China Renaissance cut shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research note on Monday, November 25th. Loop Capital reduced their target price on shares of Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Finally, Barclays cut shares of Baidu from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Baidu has an average rating of “Hold” and an average target price of $113.75.

About Baidu

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.