Harvest Fund Management Co. Ltd increased its stake in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) by 4,954.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,100 shares of the information services provider’s stock after acquiring an additional 36,366 shares during the quarter. Baidu comprises approximately 0.7% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 26th largest holding. Harvest Fund Management Co. Ltd’s holdings in Baidu were worth $4,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new position in Baidu in the fourth quarter valued at $25,000. Headinvest LLC acquired a new position in Baidu in the third quarter valued at $36,000. FNY Investment Advisers LLC acquired a new position in Baidu in the fourth quarter valued at $42,000. ING Groep NV increased its stake in Baidu by 103.2% in the third quarter. ING Groep NV now owns 443 shares of the information services provider’s stock valued at $60,000 after purchasing an additional 225 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Baidu in the third quarter valued at $73,000.
Baidu Price Performance
BIDU stock traded up $0.99 during trading on Tuesday, reaching $98.23. 2,350,883 shares of the company were exchanged, compared to its average volume of 3,343,483. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market cap of $34.44 billion, a P/E ratio of 12.72 and a beta of 0.68. The stock’s 50 day moving average price is $103.48 and its 200 day moving average price is $109.27. Baidu, Inc. has a 52-week low of $94.25 and a 52-week high of $156.98.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on Baidu
Baidu Profile
Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. 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; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.
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