Baidu, Inc. $BIDU Shares Bought by WCM Investment Management LLC

WCM Investment Management LLC grew its position in Baidu, Inc. (NASDAQ:BIDU) by 967.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 454,295 shares of the information services provider’s stock after buying an additional 411,731 shares during the quarter. WCM Investment Management LLC’s holdings in Baidu were worth $48,428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Baidu by 0.4% in the 4th quarter. Quadrant Capital Group LLC now owns 20,112 shares of the information services provider’s stock worth $2,628,000 after buying an additional 73 shares in the last quarter. PDS Planning Inc increased its holdings in Baidu by 5.7% during the 4th quarter. PDS Planning Inc now owns 1,634 shares of the information services provider’s stock valued at $213,000 after acquiring an additional 88 shares in the last quarter. UMB Bank n.a. raised its position in Baidu by 25.9% during the fourth quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock worth $56,000 after acquiring an additional 88 shares during the last quarter. Signaturefd LLC raised its position in Baidu by 8.4% during the fourth quarter. Signaturefd LLC now owns 1,276 shares of the information services provider’s stock worth $167,000 after acquiring an additional 99 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Baidu by 35.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 105 shares in the last quarter.

More Baidu News

Here are the key news stories impacting Baidu this week:

• Negative Sentiment: JPMorgan lowered its price target on Baidu from $230 to $205, even while keeping an overweight rating, reinforcing investor concern that near-term fundamentals may be softer than previously expected. Benzinga report on JPMorgan price target cut
• Negative Sentiment: Another recent analyst note pointed to weaker advertising trends and heavier AI investment, saying Baidu’s core online marketing business remains under pressure as traffic softens. QuiverQuant article on Baidu Slides as Tech Selloff and Advertising Concerns Pressure Shares
• Negative Sentiment: Shares also faced a sector-wide selloff in Hong Kong tech stocks, adding pressure to Baidu alongside broader risk-off sentiment in growth names. QuiverQuant article on tech selloff pressure
• Neutral Sentiment: Baidu announced plans to convert its Hong Kong listing to dual-primary status, which could improve access to mainland investors and support future funding flexibility, but the market appears to be treating this as a longer-term strategic move rather than an immediate earnings catalyst. PR Newswire listing conversion announcement
• Positive Sentiment: Recent reports that Apple approved generative AI features for launch in China, with Baidu involved in the rollout, helped lift sentiment earlier in the week by highlighting potential AI partnership upside. TechCrunch report on Apple Intelligence in China

Wall Street Analyst Weigh In

Several analysts have recently commented on BIDU shares. BNP Paribas Exane initiated coverage on shares of Baidu in a research report on Wednesday, April 1st. They issued an “outperform” rating and a $161.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on Baidu from $230.00 to $205.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Research raised Baidu from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Citigroup reiterated a “buy” rating on shares of Baidu in a report on Tuesday, June 23rd. Finally, Nomura raised 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 research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $165.33.

Baidu Stock Performance

Shares of NASDAQ BIDU opened at $107.24 on Monday. The company has a market cap of $36.49 billion, a PE ratio of -893.59, a price-to-earnings-growth ratio of 1.94 and a beta of 0.56. Baidu, Inc. has a 12 month low of $84.64 and a 12 month high of $165.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.85 and a quick ratio of 1.85. The company has a 50-day simple moving average of $121.83 and a 200-day simple moving average of $128.21.

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.