Corecam AG lifted its holdings in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) by 56.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 27,710 shares of the information services provider’s stock after purchasing an additional 10,050 shares during the quarter. Baidu comprises approximately 2.3% of Corecam AG’s holdings, making the stock its 18th biggest position. Corecam AG’s holdings in Baidu were worth $2,407,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Alyeska Investment Group L.P. increased its holdings in shares of Baidu by 307.9% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,209,089 shares of the information services provider’s stock worth $138,187,000 after acquiring an additional 912,638 shares during the last quarter. WCM Investment Management LLC lifted its holdings in Baidu by 967.3% during the 1st quarter. WCM Investment Management LLC now owns 454,295 shares of the information services provider’s stock valued at $48,428,000 after purchasing an additional 411,731 shares during the last quarter. Nykredit A S acquired a new stake in Baidu during the 2nd quarter valued at $28,089,000. Handelsbanken Fonder AB lifted 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 valued at $28,206,000 after purchasing an additional 129,789 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Baidu by 19,231.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 123,526 shares of the information services provider’s stock worth $14,118,000 after purchasing an additional 122,887 shares during the period.
Analyst Ratings Changes
Several research firms have commented on BIDU. Susquehanna decreased their price objective on shares of Baidu from $140.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, August 28th. Weiss Ratings restated a “sell (d)” rating on shares of Baidu in a research note on Thursday, August 13th. Bank of America restated a “buy” rating on shares of Baidu in a research note on Monday, October 26th. Zacks Research raised shares of Baidu from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Finally, Arete Research lowered shares of Baidu from a “buy” rating to a “neutral” rating and set a $108.00 price target on the stock. in a research note on Monday, September 7th. Twelve research 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, Baidu has a consensus rating of “Hold” and a consensus target price of $144.27.
Baidu Stock Performance
Shares of NASDAQ:BIDU opened at $76.40 on Friday. Baidu, Inc. has a 12-month low of $75.80 and a 12-month high of $165.30. The company’s 50 day moving average price is $87.39 and its two-hundred day moving average price is $114.69. The firm has a market cap of $26.00 billion, a PE ratio of -36.21, a PEG ratio of 4.01 and a beta of 0.59. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.
More Baidu News
Here are the key news stories impacting Baidu this week:
- Positive Sentiment: Baidu could benefit from the long-term expansion of autonomous transportation. Goldman Sachs forecasts a potential $415 billion global robotaxi market and a $560 billion autonomous-trucking market by 2035. Baidu’s Apollo autonomous-driving operations give it exposure to this growth theme, although the forecasts do not represent near-term revenue or earnings guidance. 5 Best Autonomous Vehicle Stocks To Buy backed by Hedge Funds
- Neutral Sentiment: Recent market coverage noted that Baidu declined more than the broader market in the latest session, but provided no new company-specific operating or financial catalyst. Baidu Inc. Sees a More Significant Dip Than Broader Market
- Negative Sentiment: Several law firms publicized an existing securities class-action lawsuit and reminded investors of the November 13, 2026 deadline to seek lead-plaintiff status. The filings allege that Baidu overstated AI-powered growth and its ability to offset deterioration in legacy search advertising. The allegations have not been proven, but the repeated notices increase legal, reputational and investor-sentiment risk. BIDU Upcoming Deadline Securities Class Action
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.
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