International Assets Investment Management LLC trimmed its stake in Baidu, Inc. (NASDAQ:BIDU – Free Report) by 93.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,530 shares of the information services provider’s stock after selling 96,126 shares during the quarter. International Assets Investment Management LLC’s holdings in Baidu were worth $708,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in BIDU. National Bank of Canada FI raised its stake in Baidu by 90,390.0% in the 4th quarter. National Bank of Canada FI now owns 901,280 shares of the information services provider’s stock valued at $103,953,000 after purchasing an additional 900,284 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Baidu by 139.3% in the fourth quarter. Hsbc Holdings PLC now owns 536,748 shares of the information services provider’s stock valued at $63,907,000 after buying an additional 312,467 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its stake 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 buying an additional 116,047 shares during the period. ARGA Investment Management LP boosted its position in 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 acquiring an additional 111,505 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in Baidu in the 4th quarter valued at $12,447,000.
Baidu Trading Down 0.2 %
NASDAQ BIDU opened at $88.59 on Monday. The stock has a market cap of $31.06 billion, a P/E ratio of 11.86 and a beta of 0.52. The company’s fifty day simple moving average is $100.69 and its 200-day simple moving average is $105.39. The company has a current ratio of 2.79, a quick 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.
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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.
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