GMT Capital Corp Boosts Stake in Baidu, Inc. by 60.1% as … – Best Stocks

On April 24th, 2023, news broke that GMT Capital Corp had significantly increased its stake in Baidu, Inc., a leading information services provider listed on the NASDAQ stock exchange. According to its most recent filing with the Securities & Exchange Commission, GMT Capital Corp purchased an additional 127,000 shares of Baidu during the fourth quarter of 2022. This boosted its stake by an impressive 60.1%, bringing its total ownership to 338,227 shares.

As of its most recent filing with the SEC, Baidu accounts for 1.8% of GMT Capital Corp’s portfolio and is now its 20th biggest holding. The institutional investor’s ownership in Baidu is valued at $38,686,000, accounting for approximately 0.10% of Baidu’s market capitalization.

Although GMT Capital Corp’s investment in Baidu has increased significantly over the past quarter, it is not the only positive development for the information services provider recently. In late February 2023, Baidu announced that its board had…

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source: https://news.oneseocompany.com/2023/04/24/gmt-capital-corp-boosts-stake-in-baidu-inc-by-601-as-best-stocks_2023042443927.html

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