RMB Capital Management LLC increased its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 9.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,532 shares of the information services provider’s stock after purchasing an additional 209 shares during the quarter. RMB Capital Management LLC’s holdings in Baidu were worth $297,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. American Beacon Advisors Inc. raised its stake in shares of Baidu by 71.2% during the first quarter. American Beacon Advisors Inc. now owns 202 shares of the information services provider’s stock worth $33,000 after purchasing an additional 84 shares during the last quarter. Motco acquired a new stake in Baidu in the second quarter valued at $28,000. Westside Investment Management Inc. acquired a new stake in Baidu in the second quarter valued at $33,000. Lindbrook Capital LLC grew its holdings in Baidu by 290.5% in the second quarter. Lindbrook Capital LLC now owns 328 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 244 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in Baidu by 392.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 502 shares of the information services provider’s stock valued at $59,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 56.39% of the company’s stock.
Shares of NASDAQ:BIDU traded down $0.38 on Thursday, hitting $108.02. The company had a trading volume of 130,816 shares, compared to its average volume of 4,085,699. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.32. Baidu Inc has a 52-week low of $93.39 and a 52-week high of $234.88. The business has a 50 day moving average of $103.88 and a 200 day moving average of $132.14. The company has a market cap of $38.05 billion, a PE ratio of 13.83, a PEG ratio of 14.54 and a beta of 1.73.
Baidu Company Profile
Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.
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