B. Riley Wealth Advisors Inc. Has $1.74 Million Holdings in Baidu, Inc. (NASDAQ:BIDU)

B. Riley Wealth Advisors Inc. grew its holdings in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 134.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,421 shares of the information services provider's stock after acquiring an additional 9,415 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Baidu were worth $1,739,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. iA Global Asset Management Inc. acquired a new stake in shares of Baidu in the 2nd quarter valued at about $52,000. Denver PWM LLC bought a new stake in Baidu in the 2nd quarter valued at approximately $67,000. Allspring Global Investments Holdings LLC boosted its position in Baidu by 630.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider's stock worth $72,000 after acquiring an additional 593 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Baidu during the 3rd quarter worth approximately $72,000. Finally, Grove Bank & Trust raised its holdings in shares of Baidu by 21.6% in the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider's stock valued at $77,000 after purchasing an additional 130 shares during the last quarter.

Baidu Price Performance

Baidu stock traded up $1.84 during trading hours on Tuesday, reaching $90.18. 2,162,547 shares of the stock were exchanged, compared to its average volume of 3,591,877. The stock has a 50 day moving average of $89.98 and a two-hundred day moving average of $90.31. Baidu, Inc. has a twelve month low of $78.95 and a twelve month high of $120.25. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. The company has a market cap of $31.62 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46.

Analyst Ratings Changes

BIDU has been the topic of a number of recent research reports. HSBC downgraded Baidu from a "buy" rating to a "hold" rating and set a $100.00 target price on the stock. in a research report on Tuesday, September 24th. Bank of America cut their price objective on Baidu from $128.00 to $117.00 and set a "buy" rating for the company in a report on Friday, August 23rd. Loop Capital dropped their price target on shares of Baidu from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, August 26th. Citigroup decreased their price objective on shares of Baidu from $142.00 to $141.00 and set a "buy" rating for the company in a research report on Friday, November 29th. Finally, Jefferies Financial Group reduced their price target on Baidu from $174.00 to $139.00 and set a "buy" rating for the company in a report on Thursday, August 22nd. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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.