Wunderlich Capital Managemnt lowered its position in Baidu Inc (NASDAQ:BIDU) by 5.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,361 shares of the information services provider’s stock after selling 434 shares during the period. Baidu comprises approximately 1.4% of Wunderlich Capital Managemnt’s investment portfolio, making the stock its 23rd biggest position. Wunderlich Capital Managemnt’s holdings in Baidu were worth $1,823,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of BIDU. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Baidu by 96.0% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock worth $121,000 after purchasing an additional 240 shares in the last quarter. Aviance Capital Management LLC purchased a new stake in shares of Baidu during the second quarter worth about $124,000. Highstreet Asset Management Inc. purchased a new stake in shares of Baidu during the second quarter worth about $146,000. Intellectus Partners LLC purchased a new stake in shares of Baidu during the second quarter worth about $185,000. Finally, Invictus RG purchased a new stake in shares of Baidu during the third quarter worth about $193,000. Institutional investors and hedge funds own 64.10% of the company’s stock.
Baidu Inc (NASDAQ BIDU) opened at $233.54 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The firm has a market cap of $81,346.43, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.39 and a beta of 1.89. Baidu Inc has a fifty-two week low of $162.02 and a fifty-two week high of $274.97.
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Baidu Company Profile
Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
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