Baidu Inc (BIDU) Holdings Cut by Migdal Insurance & Financial Holdings Ltd.
Migdal Insurance & Financial Holdings Ltd. reduced its position in shares of Baidu Inc (NASDAQ:BIDU) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,179 shares of the information services provider’s stock after selling 993 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Baidu were worth $1,642,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in BIDU. Federated Investors Inc. PA acquired a new stake in Baidu during the 2nd quarter valued at $108,000. Flagship Harbor Advisors LLC acquired a new stake in Baidu during the 2nd quarter valued at $119,000. Bartlett & Co. LLC raised its stake in Baidu by 71.0% during the 2nd quarter. Bartlett & Co. LLC now owns 530 shares of the information services provider’s stock valued at $129,000 after purchasing an additional 220 shares during the period. Toronto Dominion Bank raised its stake in Baidu by 5,050.0% during the 3rd quarter. Toronto Dominion Bank now owns 618 shares of the information services provider’s stock valued at $141,000 after purchasing an additional 606 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in Baidu during the 2nd quarter valued at $150,000. 62.54% of the stock is currently owned by institutional investors.
NASDAQ BIDU opened at $186.95 on Monday. Baidu Inc has a 1-year low of $177.80 and a 1-year high of $284.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market capitalization of $64.83 billion, a PE ratio of 23.19, a P/E/G ratio of 0.96 and a beta of 1.61.
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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 mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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