Baidu, Inc. $BIDU Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Baidu, Inc. (NASDAQ:BIDU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 100,804 shares of the information services provider’s stock, valued at approximately $8,757,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. WCM Investment Management LLC raised its holdings in Baidu by 967.3% in the first quarter. WCM Investment Management LLC now owns 454,295 shares of the information services provider’s stock valued at $48,428,000 after acquiring an additional 411,731 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Baidu by 110.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 246,789 shares of the information services provider’s stock worth $28,206,000 after acquiring an additional 129,789 shares in the last quarter. Matthews International Capital Management LLC purchased a new stake in shares of Baidu in the 1st quarter valued at approximately $2,603,000. NewEdge Advisors LLC increased its position in shares of Baidu by 39.7% in the 1st quarter. NewEdge Advisors LLC now owns 47,855 shares of the information services provider’s stock valued at $5,332,000 after purchasing an additional 13,598 shares during the last quarter. Finally, Amundi increased its position in shares of Baidu by 16.3% in the 2nd quarter. Amundi now owns 92,993 shares of the information services provider’s stock valued at $10,628,000 after purchasing an additional 13,015 shares during the last quarter.

Key Headlines Impacting Baidu

Here are the key news stories impacting Baidu this week:

• Positive Sentiment: Baidu introduced an AI model designed to simulate road environments for robotaxis, supporting its autonomous-driving ambitions. Reuters article
• Neutral Sentiment: Baidu’s AI chip unit’s Hong Kong IPO is reportedly delayed until next year. The timing shift may defer a potential financing or valuation catalyst, though the report provides limited detail. Yahoo Finance article
• Negative Sentiment: A securities class action alleges Baidu failed to disclose that legacy advertising revenue was weakening faster than AI-related growth could offset it, and challenges the adequacy of company risk disclosures. The claims add legal and reputational overhang as the November 13 lead-plaintiff deadline approaches. Shareholder alert
• Negative Sentiment: A Q3 preview argues that growing disintermediation risk threatens Baidu’s business and downgrades the stock to Sell, adding to concerns about its revenue outlook. Seeking Alpha article

Baidu Stock Performance

Shares of Baidu stock opened at $80.43 on Thursday. The firm has a market capitalization of $27.37 billion, a P/E ratio of 16.07, a P/E/G ratio of 4.04 and a beta of 0.60. Baidu, Inc. has a 52 week low of $75.80 and a 52 week high of $165.30. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $86.50 and its two-hundred day moving average is $113.61.

Wall Street Analyst Weigh In

BIDU has been the topic of a number of analyst reports. Arete Research lowered shares of Baidu from a “buy” rating to a “neutral” rating and set a $108.00 price objective on the stock. in a report on Monday, September 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Baidu in a research note on Thursday, August 13th. Bank of America reissued a “buy” rating on shares of Baidu in a report on Monday, October 26th. JPMorgan Chase & Co. cut their price target on Baidu from $175.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. Finally, Zacks Research raised Baidu from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $144.27.

Baidu Company Profile

Baidu, Inc (NASDAQ: BIDU) is a Chinese internet and artificial intelligence company founded in 2000 by Robin Li and Eric Xu. The company began as an internet search provider and has expanded into a broad technology platform serving consumers, businesses and public-sector organizations.

Baidu’s consumer products include its search engine, Baidu App, Baidu Baike, Baidu Maps, Baidu Tieba and Baidu Wenku. Its business services include online advertising, cloud computing and AI Cloud offerings.