BaiduBIDU
About: Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. 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 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 14 [Q1] → 14 (+0) [Q2]
0.42% less ownership
Funds ownership: 3.43% [Q1] → 3.0% (-0.42%) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 157
7% less funds holding
Funds holding: 496 [Q1] → 461 (-35) [Q2]
11% less call options, than puts
Call options by funds: $788M | Put options by funds: $886M
28% less capital invested
Capital invested by funds: $8.23B [Q1] → $5.92B (-$2.3B) [Q2]
35% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 100
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
HSBC Charlene Liu 100% 1-year accuracy 3 / 3 met price target | 9%upside $100 | Hold Downgraded | 24 Sept 2024 |
Susquehanna Shyam Patil 76% 1-year accuracy 39 / 51 met price target | 14%upside $105 | Positive Maintained | 5 Sept 2024 |
Loop Capital Rob Sanderson 92% 1-year accuracy 22 / 24 met price target | 25%upside $115 | Buy Maintained | 26 Aug 2024 |
Barclays Jiong Shao 73% 1-year accuracy 24 / 33 met price target | 25%upside $115 | Overweight Maintained | 23 Aug 2024 |
B of A Securities Eddie Leung 100% 1-year accuracy 3 / 3 met price target | 27%upside $117 | Buy Maintained | 23 Aug 2024 |
Financial journalist opinion
Based on 72 articles about BIDU published over the past 30 days