PenderFund Capital Management Ltd. lowered its stake in Baidu, Inc. (NASDAQ:BIDU – Free Report) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,395 shares of the information services provider’s stock after selling 395 shares during the period. Baidu makes up 1.5% of PenderFund Capital Management Ltd.’s holdings, making the stock its 22nd biggest holding. PenderFund Capital Management Ltd.’s holdings in Baidu were worth $4,787,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors boosted its holdings in shares of Baidu by 4.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,941 shares of the information services provider’s stock valued at $289,000 after acquiring an additional 75 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Baidu by 4.9% during the second quarter. Parallel Advisors LLC now owns 1,761 shares of the information services provider’s stock valued at $241,000 after acquiring an additional 83 shares during the last quarter. CWM LLC lifted its holdings in shares of Baidu by 5.2% during the first quarter. CWM LLC now owns 1,763 shares of the information services provider’s stock worth $266,000 after purchasing an additional 87 shares during the period. United Capital Financial Advisers LLC lifted its holdings in Baidu by 2.6% during the 1st quarter. United Capital Financial Advisers LLC now owns 3,471 shares of the information services provider’s stock worth $459,000 after buying an additional 88 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Baidu by 3.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,012 shares of the information services provider’s stock valued at $398,000 after buying an additional 90 shares during the last quarter. 21.22% of the stock is currently owned by institutional investors and hedge funds.
Baidu Stock Up 1.9 %
Shares of NASDAQ:BIDU traded up $2.08 during trading on Tuesday, reaching $113.37. 3,499,424 shares of the stock were exchanged, compared to its average volume of 2,764,749. Baidu, Inc. has a 1-year low of $91.88 and a 1-year high of $160.88. The stock has a fifty day moving average of $120.41 and a two-hundred day moving average of $131.61. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.84 and a quick ratio of 2.84. The firm has a market cap of $39.17 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 0.31 and a beta of 0.73.
Analyst Upgrades and Downgrades
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; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.
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