Sequoia Financial Advisors LLC Buys 2,705 Shares of Baidu, Inc. (NASDAQ:BIDU)

Sequoia Financial Advisors LLC raised its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 68.2% in the 4th quarter, HoldingsChannel reports. The firm owned 6,672 shares of the information services provider’s stock after purchasing an additional 2,705 shares during the period. Sequoia Financial Advisors LLC’s holdings in Baidu were worth $795,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Ariel Investments LLC lifted its position in Baidu by 9.1% during the first quarter. Ariel Investments LLC now owns 2,639,193 shares of the information services provider’s stock valued at $349,165,000 after purchasing an additional 221,092 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Baidu by 88.2% in the 4th quarter. Morgan Stanley now owns 2,631,331 shares of the information services provider’s stock worth $300,972,000 after acquiring an additional 1,232,917 shares during the last quarter. Black Creek Investment Management Inc. lifted its holdings in shares of Baidu by 3.1% in the 3rd quarter. Black Creek Investment Management Inc. now owns 2,089,303 shares of the information services provider’s stock worth $280,698,000 after acquiring an additional 63,239 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Baidu by 15.3% in the 3rd quarter. Federated Hermes Inc. now owns 1,794,387 shares of the information services provider’s stock worth $241,076,000 after acquiring an additional 238,374 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Baidu by 56.2% in the 2nd quarter. BlackRock Inc. now owns 1,621,949 shares of the information services provider’s stock worth $222,061,000 after acquiring an additional 583,291 shares during the last quarter.

Baidu Stock Down 1.4 %

Shares of Baidu stock opened at $96.21 on Tuesday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $104.60 and its two-hundred day simple moving average is $110.77. The company has a market cap of $33.74 billion, a P/E ratio of 12.46 and a beta of 0.68. Baidu, Inc. has a 12-month low of $95.95 and a 12-month high of $156.98.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BIDU shares. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. Barclays lowered their price objective on shares of Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Benchmark restated a “buy” rating and issued a $210.00 price objective on shares of Baidu in a report on Monday, December 18th. Finally, Citigroup lowered their price objective on shares of Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.73.

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.