Crewe Advisors LLC acquired a new stake in Baidu, Inc. (NASDAQ:BIDU – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 290 shares of the information services provider’s stock, valued at approximately $31,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Baidu during the 1st quarter worth $32,000. Pacific Capital Wealth Advisors Inc. bought a new position in Baidu in the fourth quarter valued at about $48,000. Silicon Valley Capital Partners bought a new position in Baidu in the first quarter valued at about $53,000. Accent Capital Management LLC bought a new position in Baidu in the fourth quarter valued at about $66,000. Finally, Global Retirement Partners LLC raised its position in Baidu by 356.1% in the first quarter. Global Retirement Partners LLC now owns 748 shares of the information services provider’s stock valued at $79,000 after purchasing an additional 584 shares during the last quarter.
Baidu Price Performance
Shares of NASDAQ:BIDU traded down $0.96 during trading on Thursday, reaching $87.79. 2,180,307 shares of the company’s stock traded hands, compared to its average volume of 3,549,217. Baidu, Inc. has a fifty-two week low of $85.08 and a fifty-two week high of $156.98. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.25. The firm has a market cap of $30.78 billion, a PE ratio of 11.75 and a beta of 0.49. The company has a 50-day simple moving average of $94.12 and a 200-day simple moving average of $101.46.
Analyst Ratings Changes
View Our Latest Stock Report on BIDU
About Baidu
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.
Read More
- Five stocks we like better than Baidu
- What is a buyback in stocks? A comprehensive guide for investors
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- Top Stocks Investing in 5G Technology
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.