Todd Asset Management LLC Acquires 54,198 Shares of Baidu, Inc. (NASDAQ:BIDU)

Todd Asset Management LLC boosted its holdings in Baidu, Inc. (NASDAQ:BIDU) by 44.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,338 shares of the information services provider’s stock after purchasing an additional 54,198 shares during the period. Todd Asset Management LLC owned approximately 0.05% of Baidu worth $14,867,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Sycomore Asset Management purchased a new position in shares of Baidu in the fourth quarter worth about $51,000. Allspring Global Investments Holdings LLC increased its stake in Baidu by 630.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after purchasing an additional 593 shares during the period. World Investment Advisors LLC bought a new stake in Baidu in the third quarter valued at approximately $72,000. Transamerica Financial Advisors Inc. bought a new stake in Baidu in the third quarter valued at approximately $82,000. Finally, Denver PWM LLC boosted its stake 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 purchasing an additional 220 shares during the period.

Baidu Stock Performance

Shares of BIDU stock opened at $89.02 on Wednesday. The company’s fifty day moving average price is $87.05 and its 200-day moving average price is $89.02. The stock has a market cap of $31.21 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 2.96 and a beta of 0.46. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. Baidu, Inc. has a 12 month low of $77.19 and a 12 month high of $116.25.

Wall Street Analysts Forecast Growth

BIDU has been the topic of several analyst reports. Barclays lifted their target price on shares of Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Nomura cut shares of Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Mizuho increased their target price on shares of Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Nomura Securities downgraded Baidu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Benchmark reiterated a “buy” rating and issued a $130.00 price objective on shares of Baidu in a report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Baidu currently has a consensus rating of “Hold” and an average target price 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.