Engineers Gate Manager LP raised its position in shares of Baidu, Inc. (NASDAQ:BIDU – Get Rating) by 1,128.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,068 shares of the information services provider’s stock after buying an additional 24,865 shares during the quarter. Engineers Gate Manager LP’s holdings in Baidu were worth $3,581,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dodge & Cox raised its stake in Baidu by 8.6% during the fourth quarter. Dodge & Cox now owns 6,831,355 shares of the information services provider’s stock valued at $1,016,437,000 after buying an additional 543,004 shares in the last quarter. State Street Corp raised its stake in Baidu by 1.4% during the fourth quarter. State Street Corp now owns 5,601,587 shares of the information services provider’s stock valued at $833,460,000 after buying an additional 74,626 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Baidu by 0.5% during the 1st quarter. Baillie Gifford & Co. now owns 3,746,926 shares of the information services provider’s stock worth $495,719,000 after purchasing an additional 18,238 shares during the period. Black Creek Investment Management Inc. raised its position in shares of Baidu by 16.3% during the 1st quarter. Black Creek Investment Management Inc. now owns 3,301,560 shares of the information services provider’s stock worth $436,796,000 after purchasing an additional 462,936 shares during the period. Finally, ARGA Investment Management LP raised its position in shares of Baidu by 57.4% during the 1st quarter. ARGA Investment Management LP now owns 2,653,659 shares of the information services provider’s stock worth $351,079,000 after purchasing an additional 968,082 shares during the period. Institutional investors and hedge funds own 26.55% of the company’s stock.
Baidu Stock Up 1.9 %
BIDU opened at $138.43 on Monday. Baidu, Inc. has a 12 month low of $101.62 and a 12 month high of $182.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.75. The stock has a market cap of $47.83 billion, a P/E ratio of -24.16, a P/E/G ratio of 1.04 and a beta of 0.66. The stock’s 50 day moving average price is $140.48 and its 200 day moving average price is $137.47.
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Baidu Company Profile
Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; and Haokan, a short video app.
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