Raymond James & Associates trimmed its position in Baidu, Inc. (NASDAQ:BIDU – Get Rating) by 17.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,900 shares of the information services provider’s stock after selling 3,456 shares during the quarter. Raymond James & Associates’ holdings in Baidu were worth $1,868,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retirement Group LLC increased its position 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 valued at $25,000 after acquiring an additional 80 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Baidu during the 2nd quarter valued at approximately $34,000. Allworth Financial LP lifted its holdings in Baidu by 123.7% in the 3rd quarter. Allworth Financial LP now owns 255 shares of the information services provider’s stock worth $30,000 after buying an additional 141 shares during the period. Heritage Wealth Management LLC bought a new stake in shares of Baidu in the 2nd quarter worth approximately $39,000. Finally, Janiczek Wealth Management LLC increased its stake in shares of Baidu by 180.1% during the third quarter. Janiczek Wealth Management LLC now owns 493 shares of the information services provider’s stock valued at $57,000 after buying an additional 317 shares during the period. 23.06% of the stock is currently owned by institutional investors.
Baidu Price Performance
BIDU opened at $136.34 on Tuesday. The firm has a market cap of $47.11 billion, a PE ratio of 83.64, a P/E/G ratio of 0.68 and a beta of 0.63. The stock has a 50-day moving average price of $115.97 and a 200-day moving average price of $119.83. Baidu, Inc. has a 1 year low of $73.58 and a 1 year high of $171.87. 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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