Todd Asset Management LLC Increases Holdings in Baidu, Inc. (NASDAQ:BIDU)

Todd Asset Management LLC raised its stake in Baidu, Inc. (NASDAQ:BIDU) by 44.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,338 shares of the information services provider’s stock after acquiring an additional 54,198 shares during the period. Todd Asset Management LLC’s holdings in Baidu were worth $14,867,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sycomore Asset Management bought a new position in Baidu in the 4th quarter worth about $51,000. Allspring Global Investments Holdings LLC raised its holdings in Baidu by 630.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after buying an additional 593 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Baidu in the third quarter worth approximately $72,000. Transamerica Financial Advisors Inc. purchased a new stake in shares of Baidu during the third quarter valued at approximately $82,000. Finally, Denver PWM LLC grew its holdings in shares of Baidu by 28.5% during the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after buying an additional 220 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently issued reports on BIDU. Nomura Securities cut Baidu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. China Renaissance downgraded Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a report on Monday, November 25th. Susquehanna cut Baidu from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $105.00 to $85.00 in a research report on Monday, November 25th. Citigroup decreased their target price on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Finally, Nomura downgraded shares of Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Baidu currently has an average rating of “Hold” and an average price target of $111.25.

Baidu Trading Up 1.3 %

Shares of Baidu stock opened at $89.02 on Wednesday. Baidu, Inc. has a 1-year low of $77.19 and a 1-year high of $116.25. The company’s fifty day simple moving average is $87.05 and its 200-day simple moving average is $89.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The stock has a market capitalization of $31.21 billion, a PE ratio of 9.71, a P/E/G ratio of 2.96 and a beta of 0.46.

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.