Waterfront Wealth Inc. boosted its holdings in Baidu, Inc. (NASDAQ:BIDU – Free Report) by 23.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,841 shares of the information services provider’s stock after acquiring an additional 2,265 shares during the quarter. Waterfront Wealth Inc.’s holdings in Baidu were worth $1,410,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Ariel Investments LLC increased its position in shares of Baidu by 9.1% during the 1st quarter. Ariel Investments LLC now owns 2,639,193 shares of the information services provider’s stock valued at $349,165,000 after purchasing an additional 221,092 shares during the period. Morgan Stanley boosted its stake in shares of Baidu by 88.2% during the 4th quarter. Morgan Stanley now owns 2,631,331 shares of the information services provider’s stock worth $300,972,000 after acquiring an additional 1,232,917 shares in the last quarter. Black Creek Investment Management Inc. boosted its stake in shares of Baidu by 3.1% during the 3rd quarter. Black Creek Investment Management Inc. now owns 2,089,303 shares of the information services provider’s stock worth $280,698,000 after acquiring an additional 63,239 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Baidu by 15.3% during the 3rd quarter. Federated Hermes Inc. now owns 1,794,387 shares of the information services provider’s stock worth $241,076,000 after acquiring an additional 238,374 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Baidu by 56.2% during the 2nd quarter. BlackRock Inc. now owns 1,621,949 shares of the information services provider’s stock worth $222,061,000 after acquiring an additional 583,291 shares in the last quarter.
Baidu Price Performance
NASDAQ BIDU traded down $1.71 during trading on Wednesday, reaching $94.41. 2,849,001 shares of the company traded hands, compared to its average volume of 3,393,713. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. The stock’s 50 day moving average price is $104.15 and its two-hundred day moving average price is $110.38. The company has a market cap of $33.10 billion, a price-to-earnings ratio of 12.23 and a beta of 0.68. Baidu, Inc. has a 1-year low of $94.25 and a 1-year high of $156.98.
Analyst Ratings Changes
View Our Latest Stock Report on Baidu
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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