Tejara Capital Ltd acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,700 shares of the information services provider’s stock, valued at approximately $2,335,000. Baidu makes up about 1.5% of Tejara Capital Ltd’s investment portfolio, making the stock its 19th biggest position.
A number of other institutional investors and hedge funds also recently made changes to their positions in BIDU. Rialto Wealth Management LLC bought a new position in Baidu in the 4th quarter valued at about $42,000. Sycomore Asset Management bought a new position in Baidu in the 4th quarter valued at about $51,000. World Investment Advisors LLC bought a new position in Baidu in the 3rd quarter valued at about $72,000. Transamerica Financial Advisors Inc. bought a new position in Baidu in the 3rd quarter valued at about $82,000. Finally, Denver PWM LLC lifted its position in Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after acquiring an additional 220 shares in the last quarter.
Baidu Stock Up 9.0 %
Shares of BIDU stock opened at $102.27 on Tuesday. Baidu, Inc. has a 12 month low of $77.20 and a 12 month high of $116.25. The stock has a market cap of $35.86 billion, a P/E ratio of 11.15, a P/E/G ratio of 2.96 and a beta of 0.47. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a 50 day simple moving average of $88.72 and a two-hundred day simple moving average of $89.57.
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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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