CSat Investment Advisory L.P. lifted its stake in Baidu Inc (NASDAQ:BIDU) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,112 shares of the information services provider’s stock after purchasing an additional 949 shares during the period. CSat Investment Advisory L.P.’s holdings in Baidu were worth $1,422,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of BIDU. Raymond James Financial Services Advisors Inc. lifted its holdings in Baidu by 65.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 29,111 shares of the information services provider’s stock valued at $4,799,000 after purchasing an additional 11,480 shares in the last quarter. Keybank National Association OH grew its holdings in shares of Baidu by 36.2% in the first quarter. Keybank National Association OH now owns 19,265 shares of the information services provider’s stock worth $3,176,000 after purchasing an additional 5,124 shares during the last quarter. National Asset Management Inc. bought a new position in Baidu during the 1st quarter worth about $266,000. Cambridge Investment Research Advisors Inc. grew its holdings in Baidu by 18.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,013 shares of the information services provider’s stock worth $4,123,000 after acquiring an additional 3,962 shares in the last quarter. Finally, Commerce Bank grew its holdings in Baidu by 8.3% during the 1st quarter. Commerce Bank now owns 2,378 shares of the information services provider’s stock worth $392,000 after acquiring an additional 182 shares in the last quarter. 56.39% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ BIDU traded down $2.61 during trading on Friday, hitting $105.16. 2,837,797 shares of the company were exchanged, compared to its average volume of 3,335,566. Baidu Inc has a 12-month low of $93.39 and a 12-month high of $234.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.61 and a current ratio of 2.61. The company has a fifty day moving average price of $103.65 and a 200-day moving average price of $131.59. The firm has a market capitalization of $37.87 billion, a PE ratio of 13.48, a P/E/G ratio of 14.20 and a beta of 1.73.
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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.
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