Baidu, Inc. $BIDU Shares Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC boosted its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 384,282 shares of the information services provider’s stock after purchasing an additional 4,820 shares during the period. Brandywine Global Investment Management LLC’s holdings in Baidu were worth $50,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BIDU. RPD Fund Management LLC lifted its stake in shares of Baidu by 161.6% during the second quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock worth $107,959,000 after buying an additional 777,570 shares during the period. Schroder Investment Management Group purchased a new stake in Baidu during the 3rd quarter valued at about $165,334,000. Capital World Investors grew its stake in Baidu by 21.0% during the 4th quarter. Capital World Investors now owns 1,182,857 shares of the information services provider’s stock valued at $154,552,000 after purchasing an additional 205,040 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Baidu by 106.7% in the third quarter. Bank of America Corp DE now owns 1,129,272 shares of the information services provider’s stock valued at $148,804,000 after purchasing an additional 582,832 shares during the period. Finally, Contrarius Group Holdings Ltd increased its holdings in shares of Baidu by 500.3% in the third quarter. Contrarius Group Holdings Ltd now owns 891,749 shares of the information services provider’s stock valued at $117,506,000 after purchasing an additional 743,205 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BIDU. Morgan Stanley lifted their target price on Baidu from $135.00 to $140.00 in a report on Tuesday, May 19th. Benchmark reiterated a “buy” rating and issued a $215.00 price target on shares of Baidu in a report on Tuesday, May 19th. Nomura raised their price target on shares of Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Zacks Research cut shares of Baidu from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Finally, BNP Paribas Exane initiated coverage on shares of Baidu in a report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.58.

Baidu Price Performance

Baidu stock opened at $121.66 on Monday. The business’s 50-day moving average price is $125.85 and its 200 day moving average price is $129.81. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.22. The firm has a market cap of $41.39 billion, a price-to-earnings ratio of -1,013.75, a price-to-earnings-growth ratio of 2.08 and a beta of 0.54. Baidu, Inc. has a 52 week low of $83.30 and a 52 week high of $165.30.

About Baidu

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.