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 Q3 regulatory filings by fund managers ($100M+ AUM)
36% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 67
29% more call options, than puts
Call options by funds: $1.67B | Put options by funds: $1.3B
19% more capital invested
Capital invested by funds: $6.15B [Q2] → $7.31B (+$1.16B) [Q3]
14% more funds holding in top 10
Funds holding in top 10: 14 [Q2] → 16 (+2) [Q3]
5% more funds holding
Funds holding: 465 [Q2] → 489 (+24) [Q3]
0.02% less ownership
Funds ownership: 3.11% [Q2] → 3.09% (-0.02%) [Q3]
15% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 154
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Citigroup Alicia Yap 58% 1-year accuracy 18 / 31 met price target | 64%upside $141 | Buy Maintained | 29 Nov 2024 |
Susquehanna Shyam Patil 79% 1-year accuracy 45 / 57 met price target | 1%downside $85 | Neutral Downgraded | 25 Nov 2024 |
Benchmark Fawne Jiang 71% 1-year accuracy 41 / 58 met price target | 52%upside $130 | Buy Maintained | 22 Nov 2024 |
Mizuho James Lee 76% 1-year accuracy 32 / 42 met price target | 34%upside $115 | Outperform Maintained | 12 Nov 2024 |
HSBC Charlene Liu 67% 1-year accuracy 2 / 3 met price target | 17%upside $100 | Hold Downgraded | 24 Sept 2024 |
Financial journalist opinion
Based on 24 articles about BIDU published over the past 30 days
