EFG International AG Lowers Stock Holdings in Baidu, Inc. $BIDU

Key Points

• EFG International AG reduced its Baidu stake by 37.1% in the second quarter, selling 11,563 shares and retaining 19,638 shares valued at approximately $2.25 million.
• Other major investors increased their positions, including Morgan Stanley, RPD Fund Management, Capital World Investors, ARK Investment Management and Bank of America. Analysts maintain a broadly positive view, with a “Moderate Buy” consensus and an average price target of $156.83, despite mixed ratings.
• Baidu shares opened at $93.26, near the lower end of their 52-week range and below both their 50-day and 200-day moving averages. Recent concerns include declining revenue and earnings, pressure on the traditional search business, costly AI investments and a newly announced investor investigation.

EFG International AG cut its stake in shares of Baidu, Inc. (NASDAQ:BIDU - Free Report) by 37.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,638 shares of the information services provider's stock after selling 11,563 shares during the quarter. EFG International AG's holdings in Baidu were worth $2,246,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Morgan Stanley raised its position in Baidu by 38.0% during the 4th quarter. Morgan Stanley now owns 2,709,426 shares of the information services provider's stock valued at $354,014,000 after purchasing an additional 745,588 shares in the last quarter. RPD Fund Management LLC grew its position in shares of Baidu by 161.6% during the 2nd quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider's stock worth $107,959,000 after buying an additional 777,570 shares in the last quarter. Capital World Investors grew its position in shares of Baidu by 21.0% during the 4th quarter. Capital World Investors now owns 1,182,857 shares of the information services provider's stock worth $154,552,000 after buying an additional 205,040 shares in the last quarter. ARK Investment Management LLC increased its stake in shares of Baidu by 127.8% during the fourth quarter. ARK Investment Management LLC now owns 1,157,878 shares of the information services provider's stock valued at $151,288,000 after buying an additional 649,490 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of 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 valued at $148,804,000 after buying an additional 582,832 shares during the period.

Wall Street Analyst Weigh In

BIDU has been the topic of several research reports. Barclays cut their price objective on shares of Baidu from $124.00 to $96.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 19th. Citigroup restated a "buy" rating on shares of Baidu in a report on Tuesday, June 23rd. Susquehanna lifted their price target on Baidu from $120.00 to $140.00 and gave the company a "neutral" rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. decreased their price objective on Baidu from $230.00 to $205.00 and set an "overweight" rating for the company in a research note on Friday, July 17th. Finally, Zacks Research lowered Baidu from a "hold" rating to a "strong sell" rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $156.83.

Baidu Price Performance

NASDAQ:BIDU opened at $93.26 on Thursday. 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 stock has a market capitalization of $31.73 billion, a PE ratio of -44.20, a price-to-earnings-growth ratio of 3.33 and a beta of 0.58. The stock's 50-day moving average price is $107.50 and its 200-day moving average price is $119.39. Baidu, Inc. has a 52 week low of $88.66 and a 52 week high of $165.30.

Key Headlines Impacting Baidu

Here are the key news stories impacting Baidu this week:

• Positive Sentiment: Baidu said its voluntary conversion from a secondary to a primary listing on the Hong Kong Stock Exchange will take effect on September 1, 2026. The dual-primary structure could broaden investor access, improve trading flexibility and strengthen the company’s presence in Hong Kong. Baidu Provides Update on Voluntary Conversion to Dual-Primary Listing
• Positive Sentiment: Shareholders approved all resolutions required for the Hong Kong primary-listing conversion at Baidu’s extraordinary general meeting, removing a key procedural hurdle ahead of the September effective date. Baidu Announces Results of Extraordinary General Meeting
• Neutral Sentiment: Analysts highlighted momentum in Baidu’s AI infrastructure and ongoing AI investments, but noted that the benefits have not yet offset weakness in the company’s traditional search business.
• Negative Sentiment: Second-quarter revenue declined 4% year over year to RMB31.3 billion, below estimates of approximately RMB32.0 billion. Non-GAAP diluted earnings of RMB7.22 per ADS also missed the RMB9.84 consensus, increasing concerns about near-term profitability. Baidu Sank 12.7% After Earnings
• Negative Sentiment: The earnings reaction reflects concern that Baidu’s AI transition is costly and that structural pressure on search could persist. The stock is trading well below its 50-day and 200-day moving averages, signaling continued investor caution.
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Baidu investors. Although no outcome or specific liability was reported, the announcement adds a legal-risk overhang. Pomerantz Investor Alert

About Baidu

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source