Economy

Jefferies May Have Just Lost Faith in Baidu (NASDAQ:BIDU)

The hedge fund held 101,019 shares of the natural gas distribution company at the end of 2017Q3, valued at $3.19 billion, up from 100,889 at the end of the previous reported quarter. Schwerin Boyle Capital Management Inc who had been investing in Foot Locker Inc. for a number of months, seems to be bullish on the $6.25B market cap company. Commerce Bank now owns 2,597 shares of the information services provider's stock valued at $464,000 after purchasing an additional 1,101 shares during the last quarter. About 2.75M shares traded. It has outperformed by 8.65% the S&P500.

Chinese search engine Baidu Inc. Symmetry Peak Management Llc bought 25,400 shares as the company's stock rose 1.94% with the market. Cambiar Investors Llc who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $89.36 billion market cap company. The stock decreased 0.98% or $2.53 during the last trading session, reaching $254.82. About 4.12 million shares traded. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. It has underperformed by 4.68% the S&P500.

Investors sentiment increased to 2.05 in Q3 2017. Its down 0.02, from 0.91 in 2017Q2. (NYSE:MO). Gofen Glossberg Ltd Il reported 0.38% stake. Neuberger Berman Gp Limited Liability stated it has 5.51M shares or 0.22% of all its holdings. Harvest Fund Advsrs Lc invested in 2.01% or 6.13 million shares. (NYSE:MO). Doheny Asset Mgmt Ca invested 0.45% in Altria Group, Inc. Nomura accumulated 106,640 shares or 0.01% of the stock. Ltd. now owns 490 shares of the information services provider's stock worth $121,000 after buying an additional 240 shares during the period. Ledyard Retail Bank has 50 shares for 0% of their portfolio. (NYSE:FL). D E Shaw And Commerce holds 0.06% of its portfolio in Foot Locker, Inc. GlaxoSmithKline had 27 analyst reports since September 8, 2015 according to SRatingsIntel. OTR Global raised Baidu to a positive rating in a report on Wednesday, October 25th. The firm has "Buy" rating by Robert W. Baird given on Friday, January 19. The stock has "Sell" rating by Bernstein on Friday, July 14. (NYSE:MO) earned "Buy" rating by Cowen & Co on Monday, January 8. The stock has "Neutral" rating by UBS on Friday, February 26. The firm earned "Hold" rating on Friday, July 29 by TH Capital. Jefferies has "Buy" rating and $232.0 target. Stifel Nicolaus upgraded Baidu, Inc. Aviance Capital Management LLC acquired a new stake in Baidu in the 2nd quarter worth about $124,000.

Shares of Baidu (NASDAQ:BIDU) were downgraded to a Hold by research professionals at Jefferies. Therefore 38% are positive.

Analysts at Jefferies's equities division downgraded the rating for shares of Baidu (NASDAQ:BIDU) from a Buy to a Hold on Tuesday morning. (NASDAQ:CME) on Tuesday, August 1 with "Buy" rating. The firm has "Neutral" rating given on Friday, October 28 by Credit Suisse. As per Monday, October 30, the company rating was maintained by Barclays Capital.

Analysts await Baidu, Inc. The company was downgraded on Wednesday, September 28 by Deutsche Bank. The stock has "Underweight" rating by JP Morgan on Wednesday, August 31. The rating was maintained by Oppenheimer with "Outperform" on Tuesday, October 31. Principal Financial Group Inc. increased its position in shares of Baidu by 151.0% during the 2nd quarter. (NASDAQ:NEWS) to report earnings on February, 13. Principal Financial Group Inc. now owns 3,378 shares of the information services provider's stock valued at $604,000 after purchasing an additional 2,032 shares during the last quarter. BIDU's profit would be $576.39M giving it 38.38 P/E if the $1.66 EPS is correct. After $3.62 actual earnings per share reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -54.14% negative EPS growth.



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