This afternoon we watched Baidu drop -4.8% to a price of $77.43 per share. The Large-Cap Software company is now trading -28.59% below its average target price of $108.43. Analysts have set target prices ranging from $75.898445 to $155.5332 per share for Baidu, and have given the stock an average rating of buy.
Baidu's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.5%. The stock's short ratio is 1.29. The company's insiders own 2.76% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 26.3%. In conclusion, we believe there is positive market sentiment regarding Baidu.
Institutions Invested in Baidu
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Primecap Management Company | 4% | 12,123,856 | $938,750,173 |
| 2024-09-30 | Dodge & Cox Inc | 2% | 5,894,215 | $456,389,069 |
| 2024-09-30 | Black Creek Investment Management Inc. | 1% | 3,064,305 | $237,269,137 |
| 2024-09-30 | Orbis Allan Gray Ltd | 1% | 2,974,571 | $230,321,033 |
| 2024-09-30 | Sanders Capital, LLC | 1% | 2,605,728 | $201,761,519 |
| 2024-09-30 | Morgan Stanley | 1% | 2,600,093 | $201,325,201 |
| 2024-09-30 | Pictet Asset Management Holding SA | 1% | 2,202,341 | $170,527,264 |
| 2024-09-30 | Robeco Institutional Asset Management B.V. | 1% | 2,117,847 | $163,984,893 |
| 2024-09-30 | Federated Hermes, Inc. | 1% | 1,916,962 | $148,430,368 |
| 2024-09-30 | JP Morgan Chase & Company | 1% | 1,459,876 | $113,038,199 |
