BIDU stock icon

Baidu
BIDU

$88.98
1.42%

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 11 analysts
0
News positive %
of 43 articles

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

Low target
$125
40%
upside
Avg. target
$144
62%
upside
High target
$180
102%
upside

11 analyst ratings

10 positive
91%
neutral
9%
negative
0%
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