Henry James International Management Inc. reduced its position in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) by 1.7% in the fourth quarter, HoldingsChannel reports. The firm owned 6,426 shares of the information services provider’s stock after selling 109 shares during the quarter. Henry James International Management Inc.’s holdings in Baidu were worth $765,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd raised its holdings in Baidu by 25.7% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,322,669 shares of the information services provider’s stock worth $175,187,000 after purchasing an additional 270,187 shares during the period. Federated Hermes Inc. boosted its position in shares of Baidu by 15.3% in the third quarter. Federated Hermes Inc. now owns 1,794,387 shares of the information services provider’s stock worth $241,076,000 after purchasing an additional 238,374 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Baidu by 63.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 288,573 shares of the information services provider’s stock worth $38,770,000 after buying an additional 111,755 shares in the last quarter. CI Investments Inc. purchased a new stake in shares of Baidu during the third quarter worth about $14,916,000. Finally, International Assets Investment Management LLC bought a new position in Baidu in the 4th quarter worth approximately $12,225,000.
Baidu Trading Up 1.5 %
Baidu stock traded up $1.66 during trading hours on Friday, hitting $113.41. The company had a trading volume of 3,724,504 shares, compared to its average volume of 3,581,455. The company has a 50-day moving average price of $103.01 and a two-hundred day moving average price of $108.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. Baidu, Inc. has a 1 year low of $94.25 and a 1 year high of $156.98. The firm has a market cap of $39.77 billion, a P/E ratio of 14.69 and a beta of 0.68.
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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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