BNP Paribas Financial Markets Has $7.91 Million Holdings in Baidu, Inc. $BIDU

BNP Paribas Financial Markets lessened its stake in shares of Baidu, Inc. (NASDAQ:BIDU) by 29.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,545 shares of the information services provider’s stock after selling 25,227 shares during the period. BNP Paribas Financial Markets’ holdings in Baidu were worth $7,911,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of BIDU. Schroder Investment Management Group bought a new stake in Baidu during the third quarter worth about $165,334,000. RPD Fund Management LLC raised its holdings in Baidu by 161.6% during the second quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock worth $107,959,000 after acquiring an additional 777,570 shares in the last quarter. Contrarius Group Holdings Ltd raised its holdings in Baidu by 500.3% during the third quarter. Contrarius Group Holdings Ltd now owns 891,749 shares of the information services provider’s stock worth $117,506,000 after acquiring an additional 743,205 shares in the last quarter. Bank of America Corp DE raised its holdings in Baidu by 106.7% during the third quarter. Bank of America Corp DE now owns 1,129,272 shares of the information services provider’s stock worth $148,804,000 after acquiring an additional 582,832 shares in the last quarter. Finally, Steadfast Capital Management LP bought a new stake in Baidu during the third quarter worth about $59,966,000.

Baidu News Summary

Here are the key news stories impacting Baidu this week:

• Positive Sentiment: Baidu formally pushed back against the Pentagon’s designation, saying it is not a military company and that the inclusion is unjustified. Baidu Responds to Inclusion on U.S. CMC List
• Neutral Sentiment: Short-interest data showed no meaningful change in shares sold short, with the reported figures indicating 0 shares outstanding and a 0.0-day days-to-cover ratio, offering little new trading signal.
• Negative Sentiment: The Pentagon added Baidu to its Chinese military companies list, which can restrict access to U.S. defense contracts and increase regulatory scrutiny. Pentagon expands list of China military-linked firms to include Alibaba, Baidu in fresh blow to diplomatic thaw
• Negative Sentiment: Multiple reports echoed the same Pentagon action, reinforcing concerns that the designation could pressure Baidu shares and keep investors cautious until there is more clarity on legal or business impact. China’s Tech Giants Alibaba, Baidu, BYD Face Fresh US Scrutiny As Pentagon Expands Blacklist

Analyst Ratings Changes

Several analysts recently issued reports on BIDU shares. Morgan Stanley upped their target price on Baidu from $135.00 to $140.00 in a report on Tuesday, May 19th. Weiss Ratings lowered Baidu from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 18th. Benchmark reiterated a “buy” rating and set a $215.00 target price on shares of Baidu in a report on Tuesday, May 19th. Zacks Research lowered Baidu from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Finally, Nomura boosted their price target on Baidu from $186.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.58.

Baidu Price Performance

Shares of NASDAQ BIDU opened at $121.11 on Wednesday. The business’s 50 day moving average price is $126.30 and its two-hundred day moving average price is $129.86. The company has a market cap of $41.21 billion, a PE ratio of -1,009.17, a price-to-earnings-growth ratio of 2.03 and a beta of 0.54. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.22. Baidu, Inc. has a twelve month low of $83.30 and a twelve month high of $165.30.

Baidu Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.