Swiss National Bank Acquires New Position in Baidu

by swisscham in BUSINESS NEWS

Swiss National Bank bought a new stake in Baidu Inc. during the fourth quarter, according to its most recent disclosure with the SEC. The fund bought 243,993 shares of the companyÕs stock, valued at approximately USD 46,124,000. Shares of Baidu Inc opened at 177.30 on Friday. The stock has a market cap of USD 61.36 billion and a P/E ratio of 12.15. The company has a 50-day moving average of USD 161.47 and a 200 day moving average of USD 169.25. Baidu Inc has a 52-week low of USD 100.00 and a 52-week high of USD 223.95. Baidu, Inc is a Chinese-language Internet search provider (ISP). Baidu serves three types of online participants, which include users, customers and Baidu Union Members. The Company offers a Chinese-language search platform on its Website, baidu.com.

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