Sequoia Financial Advisors LLC Takes $388,000 Position in Baidu, Inc. $BIDU

Sequoia Financial Advisors LLC acquired a new position in Baidu, Inc. (NASDAQ:BIDU - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,525 shares of the information services provider's stock, valued at approximately $388,000.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in Baidu by 28.3% during the first quarter. Royal Bank of Canada now owns 160,713 shares of the information services provider's stock worth $14,791,000 after purchasing an additional 35,479 shares in the last quarter. Capital Advisors Inc. OK bought a new stake in shares of Baidu in the 2nd quarter worth $1,715,000. Fluent Financial LLC raised its stake in shares of Baidu by 16.2% in the 2nd quarter. Fluent Financial LLC now owns 23,606 shares of the information services provider's stock worth $2,024,000 after buying an additional 3,286 shares in the last quarter. Greenwood Capital Associates LLC lifted its holdings in shares of Baidu by 36.9% in the second quarter. Greenwood Capital Associates LLC now owns 38,976 shares of the information services provider's stock valued at $3,343,000 after buying an additional 10,501 shares during the period. Finally, Integrity Alliance LLC. bought a new position in Baidu during the first quarter valued at about $247,000.

Analyst Ratings Changes

Several brokerages have commented on BIDU. CLSA upgraded shares of Baidu to a "strong-buy" rating in a research report on Monday, September 22nd. Jefferies Financial Group boosted their target price on shares of Baidu from $108.00 to $157.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Zephirin Group started coverage on shares of Baidu in a research note on Monday, September 15th. They set a "sell" rating and a $92.00 target price for the company. Arete upgraded shares of Baidu from a "sell" rating to a "buy" rating and set a $143.00 price target on the stock in a research report on Tuesday, September 16th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Baidu in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Baidu has a consensus rating of "Moderate Buy" and a consensus price target of $128.93.

Baidu Trading Down 2.4%

NASDAQ BIDU opened at $119.14 on Wednesday. The firm's 50 day moving average price is $114.67 and its two-hundred day moving average price is $96.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.85 and a current ratio of 1.85. Baidu, Inc. has a twelve month low of $74.71 and a twelve month high of $149.51. The stock has a market cap of $41.16 billion, a price-to-earnings ratio of 10.98 and a beta of 0.42.

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.

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