Clear Harbor Asset Management LLC raised its position in Baidu, Inc. (NASDAQ:BIDU – Free Report) by 82.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,503 shares of the information services provider’s stock after acquiring an additional 9,292 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Baidu were worth $2,159,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA increased its stake in Baidu by 17.2% during the 2nd quarter. Primecap Management Co. CA now owns 11,947,706 shares of the information services provider’s stock worth $1,033,238,000 after buying an additional 1,753,577 shares during the period. International Assets Investment Management LLC increased its position in shares of Baidu by 12,065.6% during the third quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock worth $1,127,330,000 after acquiring an additional 1,061,893 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Baidu by 49.7% in the first quarter. Canada Pension Plan Investment Board now owns 1,018,685 shares of the information services provider’s stock worth $107,247,000 after acquiring an additional 338,110 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Baidu by 103.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 582,475 shares of the information services provider’s stock valued at $51,192,000 after purchasing an additional 295,700 shares during the last quarter. Finally, XY Capital Ltd acquired a new stake in Baidu during the 2nd quarter valued at approximately $23,880,000.
Baidu Stock Up 0.3 %
Baidu stock opened at $89.79 on Friday. The firm has a market capitalization of $31.48 billion, a P/E ratio of 12.02 and a beta of 0.49. The company has a 50-day simple moving average of $92.27 and a 200-day simple moving average of $94.46. Baidu, Inc. has a one year low of $79.68 and a one year high of $126.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.32 and a current ratio of 2.32.
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Baidu Profile
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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