6,226 Shares in Baidu, Inc. (NASDAQ:BIDU) Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors bought a new stake in Baidu, Inc. (NASDAQ:BIDU - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,226 shares of the information services provider's stock, valued at approximately $573,000.

A number of other institutional investors have also modified their holdings of BIDU. Dodge & Cox increased its stake in shares of Baidu by 0.4% in the fourth quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider's stock valued at $498,796,000 after purchasing an additional 22,000 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Baidu by 1,377.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,324,728 shares of the information services provider's stock valued at $490,035,000 after purchasing an additional 4,964,350 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Baidu by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,350,315 shares of the information services provider's stock valued at $113,845,000 after purchasing an additional 4,236 shares during the period. CoreView Capital Management Ltd increased its stake in shares of Baidu by 2.0% in the fourth quarter. CoreView Capital Management Ltd now owns 1,262,003 shares of the information services provider's stock valued at $106,399,000 after purchasing an additional 25,220 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Baidu by 14.1% in the fourth quarter. Bank of America Corp DE now owns 913,466 shares of the information services provider's stock valued at $77,014,000 after purchasing an additional 112,680 shares during the period.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BIDU. Jefferies Financial Group decreased their price objective on shares of Baidu from $120.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. Citigroup raised their target price on shares of Baidu from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Barclays reduced their target price on shares of Baidu from $84.00 to $81.00 and set an "equal weight" rating for the company in a report on Friday, July 18th. Benchmark reduced their target price on shares of Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Finally, Macquarie restated a "neutral" rating on shares of Baidu in a report on Wednesday, May 21st. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Baidu presently has a consensus rating of "Hold" and a consensus target price of $105.09.

Baidu Price Performance

Shares of Baidu stock traded down $1.78 during trading on Tuesday, hitting $85.86. 3,214,319 shares of the company's stock traded hands, compared to its average volume of 4,390,742. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.29 and a quick ratio of 2.29. The firm's fifty day moving average price is $86.92 and its 200 day moving average price is $88.40. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $116.25. The company has a market cap of $29.66 billion, a PE ratio of 8.52 and a beta of 0.34.

Baidu Company Profile

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.