Cwm LLC reduced its holdings in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) by 11.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,396 shares of the information services provider’s stock after selling 173 shares during the period. Cwm LLC’s holdings in Baidu were worth $147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BIDU. ANTIPODES PARTNERS Ltd raised its position in shares of Baidu by 8.8% in the 4th 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. RWC Asset Advisors US LLC raised its holdings in shares of Baidu by 5.3% in the fourth quarter. RWC Asset Advisors US LLC now owns 1,164,713 shares of the information services provider’s stock worth $138,706,000 after buying an additional 58,686 shares during the last quarter. ARGA Investment Management LP lifted its stake in shares of Baidu by 13.1% during the fourth quarter. ARGA Investment Management LP now owns 960,053 shares of the information services provider’s stock worth $114,333,000 after buying an additional 111,505 shares during the period. National Bank of Canada FI grew its holdings in shares of Baidu by 90,390.0% during the fourth quarter. National Bank of Canada FI now owns 901,280 shares of the information services provider’s stock valued at $103,953,000 after buying an additional 900,284 shares during the last quarter. Finally, Sanders Capital LLC raised its stake in Baidu by 7.1% in the 4th quarter. Sanders Capital LLC now owns 670,604 shares of the information services provider’s stock worth $79,862,000 after acquiring an additional 44,571 shares during the last quarter.
Baidu Stock Down 0.2 %
Shares of NASDAQ BIDU opened at $88.59 on Monday. The firm has a market cap of $31.06 billion, a price-to-earnings ratio of 11.86 and a beta of 0.52. The company’s 50-day simple moving average is $100.69 and its 200-day simple moving average is $105.39. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.25. Baidu, Inc. has a 52-week low of $88.26 and a 52-week high of $156.98.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on BIDU
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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