Daiwa Securities Group Inc. reduced its position in Baidu, Inc. (NASDAQ:BIDU – Free Report) by 85.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,584 shares of the information services provider’s stock after selling 44,315 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Baidu were worth $903,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new position in shares of Baidu in the fourth quarter valued at approximately $25,000. Headinvest LLC bought a new stake in Baidu during the third quarter valued at approximately $36,000. FNY Investment Advisers LLC bought a new stake in Baidu during the fourth quarter valued at approximately $42,000. ING Groep NV lifted its position in Baidu by 103.2% during the third quarter. ING Groep NV now owns 443 shares of the information services provider’s stock valued at $60,000 after purchasing an additional 225 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Baidu during the third quarter valued at approximately $73,000.
Baidu Stock Up 1.0 %
Shares of NASDAQ BIDU opened at $99.19 on Thursday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23. Baidu, Inc. has a 52 week low of $94.25 and a 52 week high of $156.98. The firm’s fifty day moving average is $103.33 and its 200 day moving average is $109.20. The company has a market cap of $34.78 billion, a price-to-earnings ratio of 12.85 and a beta of 0.68.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on BIDU
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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