Optimum Investment Advisors decreased its position in shares of Baidu Inc (NASDAQ:BIDU) by 16.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,050 shares of the information services provider’s stock after selling 200 shares during the period. Optimum Investment Advisors’ holdings in Baidu were worth $167,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Personal Financial Services boosted its stake in Baidu by 70.7% in the fourth quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 70 shares during the last quarter. Regal Wealth Group Inc. bought a new stake in shares of Baidu in the fourth quarter valued at approximately $32,000. Private Capital Group LLC raised its position in shares of Baidu by 159.6% in the fourth quarter. Private Capital Group LLC now owns 283 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 174 shares during the period. Atlas Capital Advisors LLC raised its position in shares of Baidu by 443.5% in the fourth quarter. Atlas Capital Advisors LLC now owns 337 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 275 shares during the period. Finally, CX Institutional raised its position in shares of Baidu by 5,071.4% in the fourth quarter. CX Institutional now owns 362 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 355 shares during the period. Institutional investors and hedge funds own 60.69% of the company’s stock.
BIDU stock opened at $168.06 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.66 and a quick ratio of 2.66. Baidu Inc has a one year low of $153.78 and a one year high of $284.22. The company has a market capitalization of $59.52 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.03 and a beta of 1.52.
TRADEMARK VIOLATION WARNING: “Optimum Investment Advisors Has $167,000 Position in Baidu Inc (BIDU)” was published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/4146414/optimum-investment-advisors-has-167000-position-in-baidu-inc-bidu.html.
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; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
See Also: What is a put option?
Want to see what other hedge funds are holding BIDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baidu Inc (NASDAQ:BIDU).
Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.