Moisand Fitzgerald Tamayo LLC lowered its stake in shares of Baidu Inc (NASDAQ:BIDU) by 70.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 240 shares of the information services provider’s stock after selling 585 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in Baidu were worth $30,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Regal Wealth Group Inc. purchased a new stake in shares of Baidu in the third quarter valued at $32,000. Griffin Asset Management Inc. purchased a new stake in shares of Baidu in the second quarter valued at $27,000. Atlas Capital Advisors LLC purchased a new stake in shares of Baidu in the third quarter valued at $25,000. First PREMIER Bank raised its stake in shares of Baidu by 64.5% in the fourth quarter. First PREMIER Bank now owns 255 shares of the information services provider’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Baidu in the second quarter valued at $31,000. Institutional investors own 52.15% of the company’s stock.
NASDAQ:BIDU traded up $0.17 during mid-day trading on Thursday, reaching $139.57. The company’s stock had a trading volume of 1,846,209 shares, compared to its average volume of 3,784,674. Baidu Inc has a 1 year low of $93.39 and a 1 year high of $186.22. The stock has a fifty day moving average of $126.63 and a 200-day moving average of $112.81. The firm has a market capitalization of $48.92 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 10.45 and a beta of 1.77. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.35.
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 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.
See Also: Debt-To-Equity Ratio
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