Private Advisor Group LLC lowered its position in shares of Baidu, Inc. (NASDAQ:BIDU – Get Rating) by 23.0% in the third quarter, Holdings Channel reports. The firm owned 4,879 shares of the information services provider’s stock after selling 1,461 shares during the period. Private Advisor Group LLC’s holdings in Baidu were worth $573,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of BIDU. Retirement Group LLC lifted its position in Baidu by 92.0% during the 2nd quarter. Retirement Group LLC now owns 167 shares of the information services provider’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Baidu during the 2nd quarter worth approximately $34,000. Sargent Bickham Lagudis LLC lifted its position in Baidu by 2,025.0% during the 2nd quarter. Sargent Bickham Lagudis LLC now owns 255 shares of the information services provider’s stock worth $38,000 after acquiring an additional 243 shares in the last quarter. Heritage Wealth Management LLC acquired a new position in Baidu during the 2nd quarter worth approximately $39,000. Finally, UMB Bank n.a. lifted its position in Baidu by 27.0% during the 3rd quarter. UMB Bank n.a. now owns 508 shares of the information services provider’s stock worth $60,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 23.06% of the company’s stock.
Baidu Stock Performance
Shares of BIDU opened at $114.38 on Tuesday. The business’s fifty day moving average price is $100.84 and its 200 day moving average price is $121.53. Baidu, Inc. has a 12-month low of $73.58 and a 12-month high of $171.87. The stock has a market capitalization of $39.52 billion, a PE ratio of 70.17, a price-to-earnings-growth ratio of 0.88 and a beta of 0.63. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.46 and a quick ratio of 2.46.
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Baidu Company Profile
Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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; and Haokan, a short video app.
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