Symmetry Peak Management Holding in Baidu (Call) (BIDU) Raised by $14.32 Million as Stock Price Declined; East Coast Asset Management Has Boosted Its Jd.Com (JD) Stake by $9.33 Million

Baidu, Inc. (NASDAQ:BIDU) Logo

Frank Slattery increased its stake in Baidu Inc (Call) (BIDU) by 1146.43% based on its latest 2018Q1 regulatory filing with the SEC. Symmetry Peak Management Llc bought 64,200 shares as the company’s stock declined 4.86% with the market. The hedge fund run by Frank Slattery held 69,800 shares of the technology company at the end of 2018Q1, valued at $15.58M, up from 5,600 at the end of the previous reported quarter. Symmetry Peak Management Llc who had been investing in Baidu Inc (Call) for a number of months, seems to be bullish on the $84.47 billion market cap company. The stock decreased 0.33% or $0.79 during the last trading session, reaching $242.21. About 6.21 million shares traded or 66.93% up from the average. Baidu, Inc. (NASDAQ:BIDU) has risen 27.01% since June 29, 2017 and is uptrending. It has outperformed by 14.44% the S&P500. Some Historical BIDU News: 18/03/2018 – RPT-Baidu video streaming unit iQiyi launches $2.4 bln U.S. IPO; 26/04/2018 – BAIDU – TOTAL ASSETS OF RMB 47.0 BLN, LIABILITIES OF RMB 41.2 BLN RELATED TO FINANCIAL SERVICE BUSINESS RECLASSIFIED, HELD FOR SALE ON BALANCE SHEET AS OF MARCH 31; 29/03/2018 – ADRs End Higher; Barclays, Baidu and Gold Fields Trade Actively; 26/04/2018 – Baidu’s quarterly revenue rises 24 percent; 26/04/2018 – Baidu 1Q Adj EPS $2.60; 29/04/2018 – With $1.9 Billion Investment, Former Baidu Unit Challenges Fintech Rivals; 28/04/2018 – Robin Li and Melissa Ma Donate RMB 660 Million to Peking University to Fund Tech Research and Innovation; 29/04/2018 – Baidu: Transactions Are Currently Expected to Close in the 2H of 2018; 21/03/2018 – BAIDU GETS LICENSE FOR AUTONOMOUS DRIVING IN BEIJING: DAILY; 26/04/2018 – BAIDU INC BIDU.O – QTRLY TRAFFIC ACQUISITION COST WAS RMB 2.3 BLN ($360 MLN), REPRESENTING A 3% INCREASE YEAR OVER YEAR

East Coast Asset Management Llc increased its stake in Jd.Com Inc (JD) by 237.12% based on its latest 2018Q1 regulatory filing with the SEC. East Coast Asset Management Llc bought 233,270 shares as the company’s stock declined 24.45% with the market. The institutional investor held 331,646 shares of the consumer services company at the end of 2018Q1, valued at $13.43 million, up from 98,376 at the end of the previous reported quarter. East Coast Asset Management Llc who had been investing in Jd.Com Inc for a number of months, seems to be bullish on the $55.56B market cap company. The stock increased 1.41% or $0.54 during the last trading session, reaching $38.93. About 9.41 million shares traded. JD.com, Inc. (NASDAQ:JD) has declined 10.12% since June 29, 2017 and is downtrending. It has underperformed by 22.69% the S&P500. Some Historical JD News: 11/05/2018 – Partners Group Adds Black Knight, Exits JD.com: 13F; 13/03/2018 – Kering Eyewear Inks Partnership with JD.com; 16/03/2018 – JD.com’s finance unit aims to raise $1.9 bln, valuation set to double; 23/03/2018 – Oh nuts! China shoppers lament tariffs on US almonds, pistachio and fruit; 15/05/2018 – JD.com Invests US$306m in ESR; 22/05/2018 – Zuckerberg Media, JD.com and Glossier to Speak at NRF’s Shop.org 2018 Conference; 15/05/2018 – LOGISTICS FIRM ESR CAYMAN SAYS A SUBSIDIARY OF CHINA’S JD.COM TO INVEST $306 MILLION IN ESR; 16/03/2018 – CHINA’S JD.COM JD.O FINANCE UNIT LOOKING TO RAISE ABOUT $1.9 BLN THAT COULD VALUE IT AT MORE THAN $20 BLN; 27/03/2018 – CORRECTED-Booming online luxury goods sales convert watchmakers to the web; 22/05/2018 – JD Com Appoints Dingbo Xu to Bd of Directors

East Coast Asset Management Llc, which manages about $377.39 million and $351.34 million US Long portfolio, decreased its stake in Alphabet Inc by 355 shares to 1,343 shares, valued at $1.39M in 2018Q1, according to the filing. It also reduced its holding in Visa Inc (NYSE:V) by 5,202 shares in the quarter, leaving it with 47,548 shares, and cut its stake in Pfizer Inc (NYSE:PFE).

More notable recent JD.com, Inc. (NASDAQ:JD) news were published by: Seekingalpha.com which released: “JD.com: Another Endorsement And The CDR Tailwind” on June 20, 2018, also Nasdaq.com with their article: “JD.com Inc Shares Pop on $550 Million Google Investment” published on June 18, 2018, Benzinga.com published: “Google Takes $550M Stake In China’s JD.com” on June 18, 2018. More interesting news about JD.com, Inc. (NASDAQ:JD) were released by: Nasdaq.com and their article: “Should Investors Give BitAuto a Chance?” published on June 22, 2018 as well as Seekingalpha.com‘s news article titled: “JD.com And Google – A Perfect Friendship” with publication date: June 19, 2018.

Among 22 analysts covering JD.com (NASDAQ:JD), 16 have Buy rating, 0 Sell and 6 Hold. Therefore 73% are positive. JD.com had 52 analyst reports since August 4, 2015 according to SRatingsIntel. As per Tuesday, May 9, the company rating was upgraded by Bernstein. JP Morgan maintained it with “Overweight” rating and $48 target in Monday, March 5 report. The stock of JD.com, Inc. (NASDAQ:JD) has “Buy” rating given on Thursday, August 11 by Nomura. KeyBanc Capital Markets maintained it with “Buy” rating and $5100 target in Friday, April 20 report. KeyBanc Capital Markets maintained it with “Buy” rating and $49.0 target in Thursday, October 19 report. TH Capital initiated the stock with “Buy” rating in Tuesday, August 4 report. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, October 14. Goldman Sachs initiated JD.com, Inc. (NASDAQ:JD) on Friday, November 6 with “Buy” rating. The company was upgraded on Monday, January 9 by JP Morgan. Stifel Nicolaus maintained it with “Buy” rating and $50 target in Tuesday, May 1 report.

More notable recent Baidu, Inc. (NASDAQ:BIDU) news were published by: Investorplace.com which released: “5 Chinese Stocks to Consider as China Heads Into a Bear Market” on June 25, 2018, also Nasdaq.com with their article: “2 Large-Cap Tech Stocks to Play for a Pairs Trade” published on June 15, 2018, Nasdaq.com published: “3 Reasons the iQiyi, Inc Rally Is Not Over” on June 19, 2018. More interesting news about Baidu, Inc. (NASDAQ:BIDU) were released by: Globenewswire.com and their article: “Baidu App Reaches 150 Million DAUs after Launching Ads-Free Search” published on June 05, 2018 as well as Finance.Yahoo.com‘s news article titled: “Wish You’d Bought Netflix at the Beginning? IQ Stock Is Your New Chance” with publication date: June 28, 2018.

Among 27 analysts covering Baidu (NASDAQ:BIDU), 13 have Buy rating, 2 Sell and 12 Hold. Therefore 48% are positive. Baidu had 71 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Monday, October 30. Nomura downgraded the stock to “Neutral” rating in Friday, January 22 report. The firm has “Buy” rating given on Friday, July 28 by Oppenheimer. The stock has “Neutral” rating by Macquarie Research on Friday, October 28. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Neutral” rating by Credit Suisse on Friday, October 28. The company was maintained on Friday, October 20 by Jefferies. The firm earned “Outperform” rating on Tuesday, October 31 by Oppenheimer. The firm has “Outperform” rating given on Monday, February 22 by Credit Suisse. The stock has “Buy” rating by Daiwa Securities on Monday, April 9. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Market Perform” rating by Bernstein on Friday, May 11.

Symmetry Peak Management Llc, which manages about $356.28 million US Long portfolio, decreased its stake in Palo Alto Networks Inc (NYSE:PANW) by 24,501 shares to 22,299 shares, valued at $4.05M in 2018Q1, according to the filing. It also reduced its holding in Sina Corp (NASDAQ:SINA) by 42,500 shares in the quarter, leaving it with 7,500 shares, and cut its stake in Splunk Inc (NASDAQ:SPLK).

JD.com, Inc. (NASDAQ:JD) Ratings Chart