Hedges Asset Management LLC trimmed its stake in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) by 18.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,425 shares of the information services provider’s stock after selling 750 shares during the quarter. Hedges Asset Management LLC’s holdings in Baidu were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its position in Baidu by 14.5% during the 1st quarter. Nordea Investment Management AB now owns 398,387 shares of the information services provider’s stock worth $42,125,000 after acquiring an additional 50,599 shares during the period. SRN Advisors LLC lifted its holdings in shares of Baidu by 111.5% in the 1st quarter. SRN Advisors LLC now owns 15,694 shares of the information services provider’s stock valued at $1,652,000 after buying an additional 8,272 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Baidu by 8.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 182,817 shares of the information services provider’s stock valued at $19,249,000 after buying an additional 15,000 shares during the period. Bryn Mawr Capital Management LLC acquired a new stake in shares of Baidu in the 1st quarter valued at approximately $216,000. Finally, Clear Harbor Asset Management LLC lifted its holdings in shares of Baidu by 126.5% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 11,211 shares of the information services provider’s stock valued at $970,000 after buying an additional 6,261 shares during the period.
Baidu Stock Performance
Baidu stock opened at $89.79 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a fifty day moving average of $92.27 and a two-hundred day moving average of $94.41. The company has a market capitalization of $31.48 billion, a price-to-earnings ratio of 12.02 and a beta of 0.49. Baidu, Inc. has a fifty-two week low of $79.68 and a fifty-two week high of $126.23.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Baidu
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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