Brandywine Global Investment Management LLC Acquires 101,880 Shares of Baidu, Inc. (NASDAQ:BIDU)

Brandywine Global Investment Management LLC grew its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 54.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 289,642 shares of the information services provider’s stock after purchasing an additional 101,880 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Baidu were worth $24,420,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Denver PWM LLC grew its position in shares of Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after buying an additional 220 shares during the period. Intellectus Partners LLC grew its holdings in Baidu by 1.4% in the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock worth $1,414,000 after purchasing an additional 235 shares during the period. US Bancorp DE grew its holdings in Baidu by 7.2% in the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock worth $340,000 after purchasing an additional 270 shares during the period. Ignite Planners LLC increased its stake in shares of Baidu by 7.3% during the fourth quarter. Ignite Planners LLC now owns 5,549 shares of the information services provider’s stock valued at $466,000 after purchasing an additional 376 shares in the last quarter. Finally, SRN Advisors LLC lifted its holdings in shares of Baidu by 3.1% during the fourth quarter. SRN Advisors LLC now owns 15,800 shares of the information services provider’s stock valued at $1,332,000 after purchasing an additional 468 shares during the last quarter.

Analyst Ratings Changes

BIDU has been the topic of several recent research reports. Nomura downgraded Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Sanford C. Bernstein reissued a “market perform” rating on shares of Baidu in a research note on Saturday, March 8th. Daiwa Capital Markets reaffirmed an “outperform” rating on shares of Baidu in a research report on Tuesday, February 18th. Mizuho increased their price objective on shares of Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, Benchmark reaffirmed a “buy” rating and issued a $130.00 target price on shares of Baidu in a report on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.25.

Baidu Stock Performance

BIDU stock opened at $93.37 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. Baidu, Inc. has a 1 year low of $77.20 and a 1 year high of $116.25. The company has a market cap of $32.74 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. The stock’s fifty day moving average price is $91.61 and its 200-day moving average price is $90.44.

About Baidu

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. 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; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.