Mirae Asset Global Etfs Holdings Adds $64M in Baidu, Inc. ($BIDU)
Key Points
- Mirae Asset Global Etfs Holdings changed its Baidu, Inc. ($BIDU) stake by 180.1% last quarter, boosting to 859,332 shares worth $99.48 million.
- Wall Street's consensus rating on $BIDU is Strong Buy and an average price target of $180.51.
- $BIDU last traded around $115.77.
Mirae Asset Global Etfs Holdings increased its position in Baidu, Inc. ($BIDU) by 180.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 859,332 shares of Baidu, Inc. after buying 552,543 shares during the quarter. Mirae Asset Global Etfs Holdings's holdings in Baidu, Inc. were worth $99.48 million as of its most recent filing.
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About Baidu, Inc.
Baidu, Inc. provides internet content, value-added telecommunication-based, internet map, and online audio and video services in the People's Republic of China. It operates in two segments, Baidu General Business and iQIYI. The Baidu General Business segment offers products and services for mobile ecosystem, AI cloud, and intelligent driving. This segment operates Baidu App that enables users to access search, feed, content, and other services through mobile devices; and Haokan, which offers a range of various user generated and professionally produced short videos. It also provides a portfolio of knowledge and information products, including Baidu Wiki, which features columns and videos, such as encyclopedia of intangible cultural heritage, digital museum and recorder of history; Baidu Knows, an online community where users can pose questions to other users, such as individuals, professionals, and enterprises; Baidu Experience, an online platform where users share daily knowledge and experience; ERNIE Bot, new AI-native product that serves as a multi-round conversational AI assistant on both PC and mobile; and Baidu Post, a social media that allows users to post text, image, audio and video content, and reply to original curation forming valuable discussion groups, as well as livestreaming services, including live streaming and AI-powered digital human livestreaming. In addition, the company offers DuerOS smart assistant for the Chinese language; Apollo Go autonomous ride-hailing service; online marketing services; Baidu Maps, a voice-enabled mobile app providing users with travel-related services; and AI chips. The iQIYI segment produces and distributes professionally produced content. This segment offers online entertainment video services, including online videos, experience services, online games, comics, and others. The company was incorporated in 2000 and is headquartered in Beijing, the People's Republic of China.
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