Investec Asset Management LTD raised its position in shares of Baidu Inc (NASDAQ:BIDU) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,305,736 shares of the information services provider’s stock after acquiring an additional 103,588 shares during the period. Baidu makes up 1.3% of Investec Asset Management LTD’s portfolio, making the stock its 18th biggest position. Investec Asset Management LTD’s holdings in Baidu were worth $305,816,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Maverick Capital Ltd. lifted its stake in shares of Baidu by 77.9% during the fourth quarter. Maverick Capital Ltd. now owns 25,480 shares of the information services provider’s stock worth $5,968,000 after purchasing an additional 11,160 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in shares of Baidu during the fourth quarter worth about $297,000. Mackenzie Financial Corp lifted its stake in shares of Baidu by 7.6% during the fourth quarter. Mackenzie Financial Corp now owns 375,460 shares of the information services provider’s stock worth $87,936,000 after purchasing an additional 26,533 shares in the last quarter. Flowering Tree Investment Management Pte. Ltd. lifted its stake in shares of Baidu by 19.5% during the fourth quarter. Flowering Tree Investment Management Pte. Ltd. now owns 69,969 shares of the information services provider’s stock worth $16,387,000 after purchasing an additional 11,402 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC lifted its stake in shares of Baidu by 39.3% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 12,506 shares of the information services provider’s stock worth $2,783,000 after acquiring an additional 3,526 shares in the last quarter. 63.45% of the stock is owned by hedge funds and other institutional investors.
Shares of Baidu Inc (BIDU) opened at $252.34 on Thursday. The company has a quick ratio of 1.71, a current ratio of 1.84 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $86,849.52, a PE ratio of 30.54, a P/E/G ratio of 1.55 and a beta of 1.86. Baidu Inc has a fifty-two week low of $166.00 and a fifty-two week high of $274.97.
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Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
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