Fred Alger Management Inc. raised its holdings in Baidu Inc (NASDAQ:BIDU) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,967 shares of the information services provider’s stock after acquiring an additional 513 shares during the period. Fred Alger Management Inc.’s holdings in Baidu were worth $1,398,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in BIDU. Trustcore Financial Services LLC bought a new position in Baidu in the fourth quarter valued at about $109,000. Whittier Trust Co. boosted its stake in shares of Baidu by 88.5% during the fourth quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock valued at $115,000 after purchasing an additional 230 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Baidu by 96.0% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock valued at $121,000 after purchasing an additional 240 shares in the last quarter. Calton & Associates Inc. acquired a new stake in shares of Baidu during the fourth quarter valued at about $182,000. Finally, Invictus RG acquired a new stake in shares of Baidu during the third quarter valued at about $193,000. Hedge funds and other institutional investors own 63.22% of the company’s stock.
Baidu Inc (NASDAQ:BIDU) opened at $258.35 on Wednesday. The company has a quick ratio of 1.71, a current ratio of 1.84 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $92,123.73, a P/E ratio of 32.40, a P/E/G ratio of 1.64 and a beta of 1.77. Baidu Inc has a 12 month low of $166.00 and a 12 month high of $274.97.
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Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
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