Brandywine Global Investment Management LLC Has $24.42 Million Holdings in Baidu, Inc. (NASDAQ:BIDU)

Brandywine Global Investment Management LLC increased its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 54.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,642 shares of the information services provider's stock after buying an additional 101,880 shares during the quarter. Brandywine Global Investment Management LLC owned 0.08% of Baidu worth $24,420,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BIDU. Rialto Wealth Management LLC acquired a new position in Baidu in the fourth quarter valued at about $42,000. Sycomore Asset Management acquired a new stake in Baidu during the 4th quarter valued at $51,000. World Investment Advisors LLC bought a new stake in shares of Baidu during the third quarter worth $72,000. Denver PWM LLC lifted its position in Baidu by 28.5% during 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 in the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of Baidu in the third quarter worth about $201,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BIDU shares. Barclays raised their price target on shares of Baidu from $83.00 to $95.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. StockNews.com cut Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Mizuho upped their price target on Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Nomura cut Baidu from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $111.25.

Remove Ads

Baidu Trading Down 8.2 %

Baidu stock traded down $7.37 during mid-day trading on Friday, hitting $82.43. 11,809,438 shares of the company's stock were exchanged, compared to its average volume of 4,054,340. The company's 50 day simple moving average is $92.19 and its 200-day simple moving average is $90.54. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $28.90 billion, a P/E ratio of 8.99, a PEG ratio of 2.96 and a beta of 0.33. Baidu, Inc. has a fifty-two week low of $77.20 and a fifty-two week high of $116.25.

Baidu Profile

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.