DLK Investment Management LLC bought a new stake in Baidu, Inc. (NASDAQ:BIDU – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 2,310 shares of the information services provider’s stock, valued at approximately $243,000.
A number of other hedge funds have also recently modified their holdings of BIDU. Crewe Advisors LLC acquired a new stake in Baidu during the 1st quarter worth $31,000. iA Global Asset Management Inc. acquired a new stake in Baidu during the 2nd quarter worth $52,000. Silicon Valley Capital Partners acquired a new stake in Baidu during the 1st quarter worth $53,000. Accent Capital Management LLC acquired a new stake in Baidu during the 4th quarter worth $66,000. Finally, Denver PWM LLC acquired a new stake in Baidu during the 2nd quarter worth $67,000.
Baidu Trading Up 0.8 %
Shares of NASDAQ BIDU traded up $0.84 during midday trading on Friday, reaching $104.91. 1,762,565 shares of the stock were exchanged, compared to its average volume of 3,614,124. The company has a market capitalization of $36.79 billion, a P/E ratio of 13.52 and a beta of 0.49. Baidu, Inc. has a 52-week low of $79.68 and a 52-week high of $134.04. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average price of $90.32 and a 200-day moving average price of $95.47.
Analyst Ratings Changes
View Our Latest Research Report on BIDU
About Baidu
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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