What Do Hedge Funds Think of Baidu.com, Inc. (ADR) (BIDU)?

Because Baidu.com, Inc. (ADR) (NASDAQ:BIDU) has experienced a declination in interest from the entirety of the hedge funds we track, it’s safe to say that there were a few hedge funds who were dropping their full holdings heading into Q4. Interestingly, Andreas Halvorsen’s Viking Global cut the largest stake of the 700 funds watched by Insider Monkey, worth close to $255.9 million in stock, and John Lykouretzos’ Hoplite Capital Management was right behind this move, as the fund sold off about $172 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest fell by 18 funds heading into Q4.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Baidu.com, Inc. (ADR) (NASDAQ:BIDU) but similarly valued. These stocks are Regeneron Pharmaceuticals Inc (NASDAQ:REGN), The TJX Companies, Inc. (NYSE:TJX), Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA), and General Motors Company (NYSE:GM). This group of stocks’ market valuations resemble BIDU’s market valuation.

As you can see these stocks had an average of 56.75 hedge funds with bullish positions and the average amount invested in these stocks was $3618 million. That figure was $3401 million in BIDU’s case. General Motors Company (NYSE:GM) is the most popular stock in this table. On the other hand Regeneron Pharmaceuticals Inc (NASDAQ:REGN) is the least popular one with only 32 bullish hedge fund positions. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard GM might be a better candidate to consider a long position.