As Baidu INC (BIDU) Shares Declined, Holder Cambiar Investors LLC Has Decreased by $25.55 Million Its Stake

June 22, 2018 - By Louis Casey

Baidu, Inc. (NASDAQ:BIDU) Logo

Cambiar Investors Llc decreased its stake in Baidu Inc (BIDU) by 7.49% based on its latest 2018Q1 regulatory filing with the SEC. Cambiar Investors Llc sold 114,552 shares as the company’s stock declined 4.86% with the market. The institutional investor held 1.42 million shares of the technology company at the end of 2018Q1, valued at $315.99M, down from 1.53 million at the end of the previous reported quarter. Cambiar Investors Llc who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $90.84B market cap company. The stock decreased 1.35% or $3.56 during the last trading session, reaching $260.5. About 2.98M shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 27.01% since June 22, 2017 and is uptrending. It has outperformed by 14.44% the S&P500.

Cambiar Investors Llc, which manages about $8.42 billion and $6.30B US Long portfolio, upped its stake in British Amern Tob Plc (NYSEMKT:BTI) by 567,096 shares to 4.42 million shares, valued at $255.04M in 2018Q1, according to the filing. It also increased its holding in Aercap Holdings Nv (NYSE:AER) by 343,258 shares in the quarter, for a total of 6.96 million shares, and has risen its stake in Qualcomm Inc (NASDAQ:QCOM).

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on July, 26. They expect $2.15 EPS, up 6.44 % or $0.13 from last year’s $2.02 per share. BIDU’s profit will be $749.77 million for 30.29 P/E if the $2.15 EPS becomes a reality. After $2.25 actual EPS 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: Nasdaq.com which released: “Huya Inc – ADR Stock, the Twitch of China, Has Massive Growth Potential” on June 19, 2018, also Fool.com with their article: “Baidu, Alibaba, and Tencent Are All Investing in This Hot IPO” published on June 01, 2018, Nasdaq.com published: “iQiyi, Inc: A High IQ Is Not Always a Good Thing” on June 19, 2018. More interesting news about Baidu, Inc. (NASDAQ:BIDU) were released by: Seekingalpha.com and their article: “JD And Google – A Perfect Friendship” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “CenturyLink’s Yield Is A Red Flag – Cramer’s Lightning Round (6/18/18)” with publication date: June 19, 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 2.69% above currents $260.5 stock price. Baidu had 16 analyst reports since January 8, 2018 according to SRatingsIntel. The company was upgraded on Thursday, February 15 by Morgan Stanley. The firm has “Hold” rating by Jefferies given on Wednesday, February 14. The rating was upgraded by Bernstein on Friday, May 11 to “Market Perform”. As per Monday, January 8, the company rating was maintained by Wells Fargo. On Monday, April 16 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The firm earned “Buy” rating on Monday, April 9 by Daiwa Securities. The firm earned “Buy” rating on Sunday, May 20 by Oppenheimer. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Neutral” rating by Credit Suisse on Friday, May 18. As per Wednesday, February 14, the company rating was upgraded by Daiwa Securities. As per Tuesday, January 23, the company rating was downgraded by Jefferies.

Baidu, Inc. (NASDAQ:BIDU) Ratings Chart

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