Baidu INC (Call) (BIDU) Stock Declined While Capital Fund Management Sa Has Cut Holding by $10.60 Million

May 25, 2018 - By Migdalia James

Baidu, Inc. (NASDAQ:BIDU) Logo

Capital Fund Management Sa decreased its stake in Baidu Inc (Call) (BIDU) by 8.18% based on its latest 2017Q4 regulatory filing with the SEC. Capital Fund Management Sa sold 45,300 shares as the company’s stock declined 3.38% with the market. The hedge fund held 508,300 shares of the technology company at the end of 2017Q4, valued at $119.05M, down from 553,600 at the end of the previous reported quarter. Capital Fund Management Sa who had been investing in Baidu Inc (Call) for a number of months, seems to be less bullish one the $83.79B market cap company. The stock decreased 0.05% or $0.11 during the last trading session, reaching $240.28. About 4.68M shares traded or 38.59% up from the average. Baidu, Inc. (NASDAQ:BIDU) has risen 36.72% since May 25, 2017 and is uptrending. It has outperformed by 25.17% the S&P500.

Capital Fund Management Sa, which manages about $3.92B and $18.14B US Long portfolio, upped its stake in General Mills Inc (Put) (NYSE:GIS) by 430,700 shares to 465,600 shares, valued at $27.61 million in 2017Q4, according to the filing. It also increased its holding in Philip Morris International Inc (Put) (NYSE:PM) by 102,000 shares in the quarter, for a total of 367,100 shares, and has risen its stake in Parker (NYSE:PH).

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on July, 26. They expect $2.15 earnings per share, up 6.44 % or $0.13 from last year’s $2.02 per share. BIDU’s profit will be $749.77M for 27.94 P/E if the $2.15 EPS becomes a reality. After $2.25 actual earnings per share reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -4.44 % negative EPS growth.

More notable recent Baidu, Inc. (NASDAQ:BIDU) news were published by: Seekingalpha.com which released: “Shopify Cannot Be Killed Easily – Cramer’s Lightning Round (5/23/18)” on May 24, 2018, also Seekingalpha.com with their article: “Baidu COO will step down; shares -6%” published on May 18, 2018, Nasdaq.com published: “5 Top Stock Trades for Monday Morning” on May 21, 2018. More interesting news about Baidu, Inc. (NASDAQ:BIDU) were released by: Benzinga.com and their article: “Baidu Set For 20% Growth After iQIYI Spinoff, Bernstein Says In Upgrade” published on May 11, 2018 as well as Investorplace.com‘s news article titled: “Baidu Inc (ADR): How 225% Looks Reasonable in BIDU Stock” with publication date: May 08, 2018.

Baidu, Inc. (NASDAQ:BIDU) Ratings Coverage

Among 14 analysts covering Baidu (NASDAQ:BIDU), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Baidu has $319 highest and $200.0 lowest target. $267.50’s average target is 11.33% above currents $240.28 stock price. Baidu had 16 analyst reports since January 8, 2018 according to SRatingsIntel. As per Monday, April 9, the company rating was upgraded by Daiwa Securities. The firm has “Outperform” rating by Daiwa Securities given on Wednesday, February 14. As per Tuesday, January 23, the company rating was downgraded by Jefferies. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Neutral” rating given on Friday, May 18 by Credit Suisse. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Equal-Weight” rating by Barclays Capital on Monday, April 16. On Monday, January 8 the stock rating was maintained by Wells Fargo with “Buy”. Oppenheimer maintained the shares of BIDU in report on Sunday, May 20 with “Buy” rating. The company was downgraded on Monday, January 29 by Nomura. Jefferies maintained the shares of BIDU in report on Wednesday, February 14 with “Hold” rating. Morgan Stanley upgraded Baidu, Inc. (NASDAQ:BIDU) on Thursday, February 15 to “Overweight” rating.

Baidu, Inc. (NASDAQ:BIDU) Ratings Chart

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