Banco Santander S.A. increased its stake in Baidu, Inc. (NASDAQ:BIDU – Get Rating) by 1,626.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,912 shares of the information services provider’s stock after purchasing an additional 48,905 shares during the quarter. Banco Santander S.A.’s holdings in Baidu were worth $6,868,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Dodge & Cox boosted its position in Baidu by 8.6% during the 4th quarter. Dodge & Cox now owns 6,831,355 shares of the information services provider’s stock worth $1,016,437,000 after acquiring an additional 543,004 shares during the period. State Street Corp boosted its position in Baidu by 1.4% during the 4th quarter. State Street Corp now owns 5,601,587 shares of the information services provider’s stock worth $833,460,000 after acquiring an additional 74,626 shares during the period. Baillie Gifford & Co. boosted its position in Baidu by 0.5% during the 1st quarter. Baillie Gifford & Co. now owns 3,746,926 shares of the information services provider’s stock worth $495,719,000 after acquiring an additional 18,238 shares during the period. Black Creek Investment Management Inc. boosted its position in Baidu by 16.3% during the 1st quarter. Black Creek Investment Management Inc. now owns 3,301,560 shares of the information services provider’s stock worth $436,796,000 after acquiring an additional 462,936 shares during the period. Finally, ARGA Investment Management LP lifted its holdings in shares of Baidu by 57.4% during the 1st quarter. ARGA Investment Management LP now owns 2,653,659 shares of the information services provider’s stock valued at $351,079,000 after buying an additional 968,082 shares during the last quarter. Hedge funds and other institutional investors own 71.75% of the company’s stock.
Baidu Stock Performance
Shares of NASDAQ:BIDU opened at $137.82 on Friday. The business’s fifty day moving average price is $143.92 and its two-hundred day moving average price is $141.01. Baidu, Inc. has a fifty-two week low of $101.62 and a fifty-two week high of $182.60. The stock has a market capitalization of $47.62 billion, a price-to-earnings ratio of -18.43, a price-to-earnings-growth ratio of 1.30 and a beta of 0.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.10 and a quick ratio of 3.10.
Analysts Set New Price Targets
Baidu Company Profile
Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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; and Haokan, a short video app.
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