Mirae Asset Global Investments Co. Ltd. Acquires 100,804 Shares of Baidu, Inc. $BIDU

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Baidu, Inc. (NASDAQ:BIDU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & 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 hedge funds and other institutional investors have also made changes to their positions in the company. Signature Equity Partners LLC purchased a new stake in shares of Baidu in the 1st quarter valued at about $25,000. Rakuten Securities Inc. boosted its position in shares of Baidu by 20.0% in the 2nd quarter. Rakuten Securities Inc. now owns 587 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 98 shares during the period. EverSource Wealth Advisors LLC grew its stake in Baidu by 17.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the information services provider’s stock worth $121,000 after buying an additional 161 shares during the last quarter. Triglav Investments D.O.O. purchased a new position in Baidu during the 1st quarter worth approximately $155,000. Finally, TD Waterhouse Canada Inc. grew its stake in Baidu by 108.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,414 shares of the information services provider’s stock worth $121,000 after buying an additional 736 shares during the last quarter.

Baidu News Summary

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BIDU. Weiss Ratings reiterated a “sell (d)” rating on shares of Baidu in a research note on Thursday, August 13th. Susquehanna decreased their price objective on Baidu from $140.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, August 28th. Zacks Research upgraded shares of Baidu from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Arete Research cut shares of Baidu from a “buy” rating to a “neutral” rating and set a $108.00 target price on the stock. in a report on Monday, September 7th. Finally, Morgan Stanley downgraded shares of Baidu from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $130.00 to $80.00 in a research report on Wednesday, August 19th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $144.27.

Baidu Stock Performance

NASDAQ BIDU opened at $80.43 on Thursday. The firm has a market cap 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 business’s 50-day moving average price is $86.50 and its 200 day moving average price is $113.61. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

About Baidu

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.