OppenheimerFunds Inc. raised its holdings in Baidu Inc (NASDAQ:BIDU) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,669,544 shares of the information services provider’s stock after purchasing an additional 15,320 shares during the quarter. Baidu accounts for about 0.7% of OppenheimerFunds Inc.’s holdings, making the stock its 24th biggest position. OppenheimerFunds Inc. owned approximately 0.77% of Baidu worth $610,471,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its position in Baidu by 29.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 328,537 shares of the information services provider’s stock worth $79,835,000 after buying an additional 74,585 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Baidu by 21.4% during the 3rd quarter. MML Investors Services LLC now owns 14,747 shares of the information services provider’s stock worth $3,372,000 after acquiring an additional 2,604 shares during the period. Marshall Wace LLP lifted its holdings in shares of Baidu by 6,361.9% during the 2nd quarter. Marshall Wace LLP now owns 96,735 shares of the information services provider’s stock worth $23,507,000 after acquiring an additional 95,238 shares during the period. Guinness Asset Management Ltd lifted its holdings in Baidu by 11.6% during the 2nd quarter. Guinness Asset Management Ltd now owns 26,840 shares of the information services provider’s stock valued at $6,523,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Morningstar Investment Services LLC raised its stake in shares of Baidu by 8.3% in the third quarter. Morningstar Investment Services LLC now owns 92,456 shares of the information services provider’s stock worth $21,143,000 after acquiring an additional 7,096 shares during the last quarter. Institutional investors own 60.81% of the company’s stock.
Shares of NASDAQ BIDU opened at $190.13 on Tuesday. Baidu Inc has a 12 month low of $175.32 and a 12 month high of $284.22. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.24. The stock has a market cap of $65.29 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60.
Baidu Company Profile
Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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