Advisors Asset Management Inc. decreased its position in Baidu, Inc. (NASDAQ:BIDU – Get Rating) by 28.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,887 shares of the information services provider’s stock after selling 1,143 shares during the period. Advisors Asset Management Inc.’s holdings in Baidu were worth $429,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in BIDU. Retirement Group LLC grew its holdings in shares of Baidu by 92.0% in the second quarter. Retirement Group LLC now owns 167 shares of the information services provider’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Baidu in the second quarter worth approximately $34,000. Sargent Bickham Lagudis LLC grew its holdings in shares of Baidu by 2,025.0% in the second quarter. Sargent Bickham Lagudis LLC now owns 255 shares of the information services provider’s stock worth $38,000 after purchasing an additional 243 shares during the last quarter. Trustcore Financial Services LLC grew its holdings in shares of Baidu by 342.5% in the first quarter. Trustcore Financial Services LLC now owns 323 shares of the information services provider’s stock worth $43,000 after purchasing an additional 250 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new position in shares of Baidu in the first quarter worth approximately $52,000. Institutional investors own 26.55% of the company’s stock.
Baidu Price Performance
BIDU opened at $95.97 on Friday. The stock has a 50-day moving average price of $103.86 and a 200-day moving average price of $125.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market cap of $33.16 billion, a PE ratio of -16.75, a P/E/G ratio of 0.75 and a beta of 0.56. Baidu, Inc. has a 1 year low of $73.58 and a 1 year high of $171.87.
Wall Street Analysts Forecast Growth
Baidu Company Profile
Baidu, Inc engages in the provision of internet search and online marketing solutions. The firm’s products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI.
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