XY Capital Ltd purchased a new position in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 276,133 shares of the information services provider’s stock, valued at approximately $23,880,000. Baidu makes up approximately 15.1% of XY Capital Ltd’s investment portfolio, making the stock its biggest position. XY Capital Ltd owned about 0.08% of Baidu as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Crossmark Global Holdings Inc. raised its stake in Baidu by 0.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider’s stock valued at $3,498,000 after buying an additional 99 shares in the last quarter. Guinness Asset Management LTD raised its position in shares of Baidu by 4.4% during the 2nd quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock worth $204,000 after acquiring an additional 100 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in Baidu by 5.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 2,005 shares of the information services provider’s stock worth $239,000 after purchasing an additional 110 shares during the last quarter. Beacon Financial Group boosted its holdings in Baidu by 7.2% in the fourth quarter. Beacon Financial Group now owns 1,894 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 128 shares in the last quarter. Finally, Ignite Planners LLC increased its stake in Baidu by 3.8% in the first quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider’s stock valued at $411,000 after purchasing an additional 139 shares during the last quarter.
Baidu Stock Up 0.5 %
BIDU stock opened at $82.81 on Friday. Baidu, Inc. has a one year low of $79.68 and a one year high of $144.63. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.32 and a current ratio of 2.32. The company has a fifty day moving average of $88.00 and a 200-day moving average of $97.00. The stock has a market capitalization of $29.04 billion, a PE ratio of 11.09 and a beta of 0.48.
Analyst Ratings Changes
Read Our Latest Stock Analysis on BIDU
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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