New York State Common Retirement Fund raised its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 483,987 shares of the information services provider’s stock after purchasing an additional 11,214 shares during the period. New York State Common Retirement Fund owned 0.14% of Baidu worth $61,176,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sunbelt Securities Inc. increased its position in shares of Baidu by 185.2% during the third quarter. Sunbelt Securities Inc. now owns 5,932 shares of the information services provider’s stock valued at $610,000 after acquiring an additional 3,852 shares in the last quarter. Congress Park Capital LLC bought a new stake in shares of Baidu during the fourth quarter valued at approximately $455,000. Parallel Advisors LLC increased its position in shares of Baidu by 17.8% during the third quarter. Parallel Advisors LLC now owns 1,276 shares of the information services provider’s stock valued at $131,000 after acquiring an additional 193 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Baidu during the third quarter valued at approximately $1,987,000. Finally, California Public Employees Retirement System increased its position in shares of Baidu by 23.6% during the fourth quarter. California Public Employees Retirement System now owns 652,260 shares of the information services provider’s stock valued at $82,446,000 after acquiring an additional 124,430 shares in the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.
Shares of BIDU stock opened at $137.49 on Thursday. Baidu Inc has a 12-month low of $93.39 and a 12-month high of $186.22. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $132.86 and its 200 day moving average is $115.03. The stock has a market capitalization of $45.78 billion, a P/E ratio of -152.77, a P/E/G ratio of 2.89 and a beta of 1.79.
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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.
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