Kenmare Capital Partners L.L.C. trimmed its holdings in Baidu Inc (NASDAQ:BIDU) by 29.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,500 shares of the information services provider’s stock after selling 11,699 shares during the quarter. Baidu comprises 7.3% of Kenmare Capital Partners L.L.C.’s portfolio, making the stock its 6th biggest holding. Kenmare Capital Partners L.L.C.’s holdings in Baidu were worth $6,675,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in BIDU. Trustcore Financial Services LLC acquired a new stake in Baidu in the fourth quarter worth about $109,000. Whittier Trust Co. increased its position in Baidu by 88.5% in the fourth quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock worth $115,000 after purchasing an additional 230 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Baidu by 96.0% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock worth $121,000 after purchasing an additional 240 shares during the period. Virtue Capital Management LLC acquired a new stake in Baidu in the fourth quarter worth about $155,000. Finally, Calton & Associates Inc. acquired a new stake in Baidu in the fourth quarter worth about $182,000. 63.22% of the stock is owned by institutional investors and hedge funds.
Baidu Inc (NASDAQ:BIDU) opened at $259.55 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.84 and a quick ratio of 1.71. Baidu Inc has a 12-month low of $166.00 and a 12-month high of $274.97. The stock has a market capitalization of $92,123.73, a P/E ratio of 32.87, a P/E/G ratio of 1.64 and a beta of 1.77.
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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