B. Riley Wealth Advisors Inc. Has $735,000 Stock Holdings in Baidu, Inc. (NASDAQ:BIDU)

B. Riley Wealth Advisors Inc. lessened its position in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 46.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,714 shares of the information services provider's stock after selling 7,707 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Baidu were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of BIDU. RPD Fund Management LLC acquired a new stake in shares of Baidu during the 4th quarter worth approximately $72,245,000. FIL Ltd grew its holdings in shares of Baidu by 367.1% during the 4th quarter. FIL Ltd now owns 599,918 shares of the information services provider's stock worth $50,579,000 after purchasing an additional 471,497 shares in the last quarter. Cantor Fitzgerald L. P. grew its holdings in shares of Baidu by 1,510.9% during the 4th quarter. Cantor Fitzgerald L. P. now owns 399,975 shares of the information services provider's stock worth $33,722,000 after purchasing an additional 375,145 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Baidu by 1,111.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock worth $30,317,000 after purchasing an additional 330,627 shares in the last quarter. Finally, Contrarius Group Holdings Ltd acquired a new stake in shares of Baidu during the 4th quarter worth approximately $27,328,000.

Baidu Price Performance

Shares of BIDU stock traded up $1.16 during trading hours on Monday, hitting $83.06. 2,935,318 shares of the company's stock were exchanged, compared to its average volume of 4,154,207. The stock's 50-day moving average is $86.45 and its 200-day moving average is $87.69. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The stock has a market cap of $28.69 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 2.96 and a beta of 0.37. Baidu, Inc. has a 52 week low of $74.71 and a 52 week high of $116.25.

Wall Street Analyst Weigh In

Several analysts recently commented on BIDU shares. Nomura lowered Baidu from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. Benchmark lowered their price target on Baidu from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a research report on Saturday, March 8th. Mizuho upped their price target on Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Finally, Daiwa Capital Markets reiterated an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $107.82.

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.