Baidu Inc (BIDU) Stake Decreased by L & S Advisors Inc
L & S Advisors Inc decreased its holdings in Baidu Inc (NASDAQ:BIDU) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,406 shares of the information services provider’s stock after selling 246 shares during the quarter. L & S Advisors Inc’s holdings in Baidu were worth $382,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Baidu in the 4th quarter worth $26,000. First Personal Financial Services boosted its position in shares of Baidu by 70.7% in the 4th quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Regal Wealth Group Inc. acquired a new stake in shares of Baidu in the 4th quarter worth $32,000. Rational Advisors LLC boosted its position in shares of Baidu by 1,400.0% in the 4th quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock worth $33,000 after purchasing an additional 196 shares in the last quarter. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of Baidu in the 4th quarter worth $33,000. 62.13% of the stock is owned by hedge funds and other institutional investors.
Shares of BIDU opened at $170.48 on Friday. Baidu Inc has a one year low of $153.78 and a one year high of $284.22. The company has a quick ratio of 2.66, a current ratio of 2.73 and a debt-to-equity ratio of 0.31. The stock has a market cap of $59.12 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 1.51 and a beta of 1.47.
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; 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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