Toroso Investments LLC cut its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,623 shares of the information services provider’s stock after selling 540 shares during the quarter. Toroso Investments LLC’s holdings in Baidu were worth $1,247,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Motco bought a new position in shares of Baidu during the second quarter worth approximately $28,000. Tower Research Capital LLC TRC bought a new position in shares of Baidu during the second quarter worth approximately $31,000. American Beacon Advisors Inc. increased its holdings in shares of Baidu by 71.2% during the first quarter. American Beacon Advisors Inc. now owns 202 shares of the information services provider’s stock worth $33,000 after purchasing an additional 84 shares during the period. Westside Investment Management Inc. bought a new position in shares of Baidu during the second quarter worth approximately $33,000. Finally, Lindbrook Capital LLC increased its holdings in shares of Baidu by 290.5% during the second quarter. Lindbrook Capital LLC now owns 328 shares of the information services provider’s stock worth $38,000 after purchasing an additional 244 shares during the period. 56.74% of the stock is currently owned by institutional investors.
Shares of NASDAQ BIDU traded down $4.76 during trading hours on Tuesday, hitting $97.61. 7,022,675 shares of the stock were exchanged, compared to its average volume of 3,739,738. 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 market cap of $36.74 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 13.78 and a beta of 1.73. The company’s fifty day simple moving average is $103.43 and its two-hundred day simple moving average is $130.70. Baidu Inc has a 1-year low of $93.39 and a 1-year high of $232.59.
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.
Further Reading: Buyback
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.