Neuberger Berman Group LLC lowered its position in Baidu, Inc. (NASDAQ:BIDU – Free Report) by 14.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 115,047 shares of the information services provider’s stock after selling 18,721 shares during the period. Neuberger Berman Group LLC’s holdings in Baidu were worth $13,701,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of BIDU. Bruce G. Allen Investments LLC bought a new stake in Baidu in the 4th quarter valued at $25,000. Headinvest LLC purchased a new stake in shares of Baidu in the third quarter worth about $36,000. FNY Investment Advisers LLC purchased a new stake in shares of Baidu in the fourth quarter worth about $42,000. Pacific Capital Wealth Advisors Inc. bought a new position in Baidu during the fourth quarter valued at approximately $48,000. Finally, Asset Management One Co. Ltd. grew its holdings in Baidu by 33.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,043 shares of the information services provider’s stock valued at $123,000 after buying an additional 264 shares in the last quarter.
Baidu Trading Down 1.1 %
BIDU traded down $1.15 on Friday, reaching $100.28. 2,661,775 shares of the company traded hands, compared to its average volume of 4,048,397. The company has a market cap of $35.16 billion, a P/E ratio of 13.42 and a beta of 0.68. The company has a quick ratio of 3.01, a current ratio of 2.79 and a debt-to-equity ratio of 0.25. Baidu, Inc. has a one year low of $94.25 and a one year high of $156.98. The firm has a fifty day simple moving average of $104.55 and a two-hundred day simple moving average of $108.11.
Wall Street Analysts Forecast Growth
View Our Latest Report on Baidu
Baidu Company Profile
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.
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