5 Best Strong Buy Stocks To Invest In

2. Baidu, Inc. (NASDAQ:BIDU)

Number of Q3 2023 Hedge Fund Shareholders: 44

Baidu, Inc. (NASDAQ:BIDU) is one of the biggest social media companies in China. Its massive user base provides it with key stability for today’s Chinese environment and has allowed Baidu, Inc. (NASDAQ:BIDU) to hold the fort and beat analyst EPS estimates in all four recent quarters as well. Baidu, Inc. (NASDAQ:BIDU) making big moves in the Chinese artificial intelligence industry, and the firm announced a partnership with Lenovo on that front recently.

By the end of last year’s third quarter, 44 out of the 910 hedge funds surveyed by Insider Monkey had bought and owned a stake in the firm. Baidu, Inc. (NASDAQ:BIDU)’s largest hedge fund investor among these is Panayotis Takis Sparaggis’s Alkeon Capital Management as it owns $331 million worth of shares.

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