BaiduBIDU
Market Cap: 31.2B
About: Baidu is the largest internet search engine in China with 84% share of the search engine market in September 2021 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2022. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
Employees: 45,500
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
17% more repeat investments, than reductions
Existing positions increased: 168 | Existing positions reduced: 143
17% more funds holding in top 10
Funds holding in top 10: 12 [Q4 2023] → 14 (+2) [Q1 2024]
0.2% more ownership
Funds ownership: 3.0% [Q4 2023] → 3.2% (+0.2%) [Q1 2024]
3% less capital invested
Capital invested by funds: $7.92B [Q4 2023] → $7.68B (-$244M) [Q1 2024]
2% less funds holding
Funds holding: 495 [Q4 2023] → 483 (-12) [Q1 2024]
12% less first-time investments, than exits
New positions opened: 85 | Existing positions closed: 97
16% less call options, than puts
Call options by funds: $829M | Put options by funds: $983M
Research analyst outlook
11 Wall Street Analysts provided 1 year price forecasts over the past 6 months
11 analyst ratings
Barclays Jiong Shao | 40%upside $125 | Overweight Maintained | 17 Jul 2024 |
B of A Securities Eddie Leung | 44%upside $128 | Buy Maintained | 16 Jul 2024 |
Loop Capital Rob Sanderson | 46%upside $130 | Buy Maintained | 21 Jun 2024 |
Susquehanna Shyam Patil | 52%upside $135 | Positive Maintained | 24 May 2024 |
Benchmark Fawne Jiang | 102%upside $180 | Buy Reiterated | 17 May 2024 |
Financial journalist opinion
Based on 43 articles about BIDU published over the past 30 days