Bank of Montreal Can trimmed its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 7.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 202,993 shares of the information services provider’s stock after selling 15,303 shares during the quarter. Bank of Montreal Can owned 0.06% of Baidu worth $47,543,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of BIDU. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Baidu by 96.0% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock worth $121,000 after acquiring an additional 240 shares in the last quarter. Aviance Capital Management LLC bought a new position in shares of Baidu during the 2nd quarter worth approximately $124,000. Invictus RG bought a new position in shares of Baidu during the 3rd quarter worth approximately $193,000. Wellington Shields Capital Management LLC bought a new position in shares of Baidu during the 3rd quarter worth approximately $208,000. Finally, Wellington Shields & Co. LLC bought a new position in shares of Baidu during the 3rd quarter worth approximately $211,000. 63.94% of the stock is owned by institutional investors and hedge funds.
Baidu Inc (BIDU) opened at $255.98 on Friday. Baidu Inc has a 52 week low of $166.00 and a 52 week high of $274.97. 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 $88,880.00, a price-to-earnings ratio of 35.90, a P/E/G ratio of 1.54 and a beta of 1.89.
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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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