B. Riley Wealth Advisors Inc. acquired a new stake in Baidu, Inc. (NASDAQ:BIDU – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 7,006 shares of the information services provider’s stock, valued at approximately $606,000.
Other institutional investors also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in Baidu during the 1st quarter valued at $31,000. Silicon Valley Capital Partners purchased a new stake in Baidu during the 1st quarter valued at $53,000. Accent Capital Management LLC purchased a new stake in Baidu during the 4th quarter valued at $66,000. iA Global Asset Management Inc. purchased a new stake in Baidu during the 2nd quarter valued at $52,000. Finally, Denver PWM LLC purchased a new stake in Baidu during the 2nd quarter valued at $67,000.
Baidu Stock Up 1.1 %
BIDU opened at $110.46 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $88.84 and a 200-day moving average price of $95.29. Baidu, Inc. has a twelve month low of $79.68 and a twelve month high of $135.85. The stock has a market capitalization of $38.73 billion, a price-to-earnings ratio of 14.79 and a beta of 0.49.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on BIDU
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.
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