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

Brandywine Global Investment Management LLC boosted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 54.3% in the 4th quarter, according to the company in its most recent disclosure with the 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 approximately 0.08% of Baidu worth $24,420,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BIDU. Rialto Wealth Management LLC bought a new position in shares of Baidu during the 4th quarter valued at approximately $42,000. Sycomore Asset Management purchased a new position in Baidu in the fourth quarter valued at approximately $51,000. Denver PWM LLC lifted its stake in Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after purchasing an additional 220 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in Baidu in the third quarter worth $201,000. Finally, Arizona PSPRS Trust bought a new stake in shares of Baidu in the third quarter valued at $234,000.

Baidu Stock Performance

Shares of BIDU opened at $93.37 on Monday. Baidu, Inc. has a 12-month low of $77.20 and a 12-month high of $116.25. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a market cap of $32.74 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. The stock has a 50-day moving average price of $91.61 and a 200-day moving average price of $90.44.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BIDU shares. Barclays increased their price target on Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Nomura Securities lowered shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reissued a “buy” rating and issued a $130.00 price target on shares of Baidu in a research report on Wednesday, February 19th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Baidu in a report on Saturday, March 8th. Finally, StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $111.25.

Baidu Company 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.