Bellevue Group AG purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 2,000 shares of the information services provider’s stock, valued at approximately $211,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates grew its position in shares of Baidu by 49.3% in the 4th quarter. Raymond James & Associates now owns 8,950 shares of the information services provider’s stock worth $1,066,000 after buying an additional 2,954 shares during the period. Bank Hapoalim BM purchased a new stake in Baidu in the fourth quarter worth about $1,522,000. Asset Management One Co. Ltd. increased its stake in shares of Baidu by 33.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,043 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 264 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Baidu during the fourth quarter valued at approximately $12,225,000. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in shares of Baidu by 8.8% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,438,716 shares of the information services provider’s stock valued at $171,336,000 after purchasing an additional 116,047 shares during the last quarter.
Baidu Stock Performance
NASDAQ:BIDU traded up $1.13 on Monday, hitting $90.11. The stock had a trading volume of 1,569,871 shares, compared to its average volume of 3,525,220. The business’s 50-day simple moving average is $93.69 and its two-hundred day simple moving average is $101.05. The stock has a market cap of $31.60 billion, a price-to-earnings ratio of 11.91 and a beta of 0.49. Baidu, Inc. has a 52-week low of $85.08 and a 52-week high of $156.98. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.25.
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Baidu 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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