Crossmark Global Holdings Inc. Sells 5,991 Shares of Baidu, Inc. $BIDU

Crossmark Global Holdings Inc. decreased its position in Baidu, Inc. (NASDAQ:BIDU) by 26.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,377 shares of the information services provider’s stock after selling 5,991 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Baidu were worth $2,158,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Amova Asset Management Americas Inc. boosted its stake in Baidu by 86.8% in the 3rd quarter. Amova Asset Management Americas Inc. now owns 313,106 shares of the information services provider’s stock valued at $41,258,000 after purchasing an additional 145,524 shares during the period. ARK Investment Management LLC increased its position in Baidu by 72.7% during the 3rd quarter. ARK Investment Management LLC now owns 508,388 shares of the information services provider’s stock worth $66,990,000 after buying an additional 213,941 shares during the period. Cresset Asset Management LLC increased its position in Baidu by 5.0% during the 3rd quarter. Cresset Asset Management LLC now owns 14,813 shares of the information services provider’s stock worth $1,952,000 after buying an additional 711 shares during the period. Claro Advisors LLC acquired a new stake in shares of Baidu during the third quarter worth $227,000. Finally, Contrarius Group Holdings Ltd lifted its holdings in shares of 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 buying an additional 743,205 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup restated a “buy” rating on shares of Baidu in a research note on Tuesday, January 13th. Benchmark reiterated a “buy” rating on shares of Baidu in a research note on Friday, February 20th. Susquehanna boosted their price objective on shares of Baidu from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday. National Bank Financial upgraded shares of Baidu to an “outperform” rating in a research report on Monday, November 24th. Finally, The Goldman Sachs Group raised their target price on shares of Baidu from $154.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.89.

Baidu Stock Performance

NASDAQ:BIDU opened at $119.05 on Monday. The company has a market cap of $41.13 billion, a price-to-earnings ratio of 74.87 and a beta of 0.32. Baidu, Inc. has a fifty-two week low of $74.71 and a fifty-two week high of $165.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.91 and a current ratio of 1.76. The stock has a fifty day moving average price of $141.64 and a 200-day moving average price of $127.67.

Baidu News Summary

Here are the key news stories impacting Baidu this week:

• Positive Sentiment: Major brokers keep backing Baidu and some trim targets but remain constructive — Nomura maintained a “buy” while lowering its target to $186, and J.P. Morgan and Citi reiterated buy ratings, supporting demand from institutional investors. Nomura Adjusts Baidu Price Target J.P. Morgan Sticks to Its Buy Rating Baidu Gets a Buy from Citi
• Positive Sentiment: Active investor interest and momentum flows — recent coverage highlights a large $32M bet and trending stock chatter that can amplify short‑term buying. What’s Behind This $32 Million Bet on Baidu
• Neutral Sentiment: Analyst target tweaks are mixed — Susquehanna raised its target modestly to $120 with a “neutral” rating, which is more of a technical adjustment than a strong directional signal. Susquehanna Raises Target to $120
• Neutral Sentiment: Coverage and trending pieces (Zacks, Benzinga analyst roundup) increase visibility but do not change fundamentals immediately; useful to gauge sentiment. Baidu Is a Trending Stock (Zacks) Expert Outlook: Baidu (Benzinga)
• Positive Sentiment: Short-term technical bounce — Baidu reversed a long losing streak recently, which can attract momentum traders. Baidu Gains After Nine-Session Losing Streak
• Negative Sentiment: New securities‑fraud investigation announced by the Portnoy Law Firm — potential for litigation, distraction, and legal costs if a class action proceeds. Portnoy Law Firm Investigation
• Negative Sentiment: Reports that a $16.2B charge highlights risks in Baidu’s AI investments have pressured sentiment and contributed to recent large declines. That raises execution and capital‑allocation concerns for investors. Baidu Stock Drops as $16.2B Charge Exposes AI Gamble
• Negative Sentiment: Broader China macro weakness — coverage noting China’s lower growth target keeps pressure on Chinese tech multiples and investor appetite. Alibaba, NIO, and Other Chinese Stocks Fall (Barron’s)

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.