Top 5 Chinese Companies on NASDAQ

3. Baidu, Inc. (NASDAQ:BIDU)

Number of Hedge Fund Holders: 43

Baidu, Inc. (NASDAQ:BIDU) is one of the largest Chinese search engines and internet services companies. Founded in 2000, the company is headquartered in Beijing, China and is listed on the NASDAQ Stock Exchange. The company offers a variety of search, artificial intelligence, and other services, including Baidu App, Baidu Maps, Baidu Encyclopedia, Baidu Baike, Baidu Webmaster Tools, Baidu Takeout, Baidu Video, Baidu Image Search, and Baidu Tieba. Baidu, Inc. (NASDAQ:BIDU) also offers cloud computing, online advertising, and online payment services. Baidu, Inc. (NASDAQ:BIDU) is one of the top Chinese companies listed on the Nasdaq.

On December 6, Loop Capital analyst Rob Sanderson revised his price target on Baidu, Inc. (NASDAQ:BIDU) to $167 from $185 and reiterated a Buy rating on the shares.

At the close of Q3 2022, Ariel Investments was the top shareholder in Baidu, Inc. (NASDAQ:BIDU) and disclosed a position worth $305.6 million in the company.

Here is what Ariel Investments had to say about Baidu, Inc. (NASDAQ:BIDU) in its third-quarter 2022 investor letter:

“China’s internet search and online community leader Baidu, Inc. (NASDAQ:BIDU) also weighed on relative results in the quarter. Continuing macro headwinds driven by China’s Zero-Covid policy are resulting in sluggish advertising trends. Looking ahead, the company remains committed to sustainable, profitable growth as management works to improve overall operational efficiency, executing on its strategic commitments around technological innovation and the transition to a green economy. We also continue to be enthusiastic about Baidu’s longer-term opportunity for revenue growth and margin expansion across internet search, cloud, autonomous driving, artificial intelligence and online video.”