Levin Capital Strategies L.P. purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) in the 4th quarter, Holdings Channel reports. The fund purchased 4,065 shares of the information services provider’s stock, valued at approximately $484,000.
Other large investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in Baidu by 2.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 31,478 shares of the information services provider’s stock valued at $4,229,000 after purchasing an additional 794 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of Baidu by 49.5% in the third quarter. FinTrust Capital Advisors LLC now owns 3,064 shares of the information services provider’s stock valued at $412,000 after buying an additional 1,014 shares during the last quarter. Raymond James & Associates grew its holdings in Baidu by 6.7% during the 3rd quarter. Raymond James & Associates now owns 5,996 shares of the information services provider’s stock worth $806,000 after acquiring an additional 375 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Baidu by 3.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 20,377 shares of the information services provider’s stock valued at $2,738,000 after acquiring an additional 710 shares in the last quarter. Finally, Intellectus Partners LLC raised its stake in shares of Baidu by 16.8% in the third quarter. Intellectus Partners LLC now owns 9,882 shares of the information services provider’s stock worth $1,328,000 after acquiring an additional 1,420 shares during the last quarter.
Baidu Stock Up 6.8 %
Shares of NASDAQ:BIDU traded up $7.06 during mid-day trading on Thursday, reaching $111.38. 5,787,703 shares of the stock were exchanged, compared to its average volume of 3,429,032. The stock’s 50 day simple moving average is $102.94 and its 200-day simple moving average is $108.21. Baidu, Inc. has a one year low of $94.25 and a one year high of $156.98. The company has a market cap of $39.06 billion, a P/E ratio of 14.41 and a beta of 0.68. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23.
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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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