Clough Capital Partners LP Has Decreased Baidu (BIDU) Position by $7.74 Million; Shares Declined; Te Connectivity LTD Reg (TEL) Share Price Declined While Ngam Advisors LP Trimmed Position

Baidu, Inc. (NASDAQ:BIDU) Logo

Ngam Advisors Lp decreased its stake in Te Connectivity Ltd Reg (TEL) by 1.55% based on its latest 2018Q1 regulatory filing with the SEC. Ngam Advisors Lp sold 3,538 shares as the company’s stock declined 9.88% with the market. The institutional investor held 224,333 shares of the electronic components company at the end of 2018Q1, valued at $22.41M, down from 227,871 at the end of the previous reported quarter. Ngam Advisors Lp who had been investing in Te Connectivity Ltd Reg for a number of months, seems to be less bullish one the $32.56 billion market cap company. The stock decreased 1.20% or $1.13 during the last trading session, reaching $92.99. About 1.60M shares traded. TE Connectivity Ltd. (NYSE:TEL) has risen 20.40% since May 30, 2017 and is uptrending. It has outperformed by 7.83% the S&P500.

Charles Clough decreased its stake in Baidu Inc (BIDU) by 84.9% based on its latest 2018Q1 regulatory filing with the SEC. Clough Capital Partners LP sold 34,699 shares as the company’s stock declined 4.86% with the market. The hedge fund run by Charles Clough held 6,173 shares of the technology company at the end of 2018Q1, valued at $1.38M, down from 40,872 at the end of the previous reported quarter. Clough Capital Partners LP who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $84.41B market cap company. The stock decreased 0.72% or $1.75 during the last trading session, reaching $242.05. About 3.49M shares traded or 1.69% up from the average. Baidu, Inc. (NASDAQ:BIDU) has risen 27.01% since May 30, 2017 and is uptrending. It has outperformed by 14.44% the S&P500.

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 28.15 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.

Clough Capital Partners L P, which manages about $5.01 billion and $1.05B US Long portfolio, upped its stake in Servicenow Inc (NYSE:NOW) by 42,710 shares to 91,610 shares, valued at $15.16 million in 2018Q1, according to the filing. It also increased its holding in D R Horton Inc (NYSE:DHI) by 150,100 shares in the quarter, for a total of 435,895 shares, and has risen its stake in Wisdomtree Tr (EPI).

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. Barclays Capital maintained Baidu, Inc. (NASDAQ:BIDU) on Monday, April 16 with “Equal-Weight” rating. Nomura downgraded the stock to “Hold” rating in Monday, January 29 report. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Outperform” rating given on Wednesday, July 20 by Credit Suisse. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Buy” rating by Jefferies on Friday, October 27. Citigroup downgraded Baidu, Inc. (NASDAQ:BIDU) rating on Monday, June 13. Citigroup has “Neutral” rating and $180 target. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Neutral” rating by Credit Suisse on Friday, October 28. Oppenheimer maintained Baidu, Inc. (NASDAQ:BIDU) on Monday, August 3 with “Outperform” rating. TH Capital maintained the shares of BIDU in report on Tuesday, October 27 with “Buy” rating. Wells Fargo initiated the stock with “Buy” rating in Tuesday, September 26 report. The rating was upgraded by Daiwa Securities to “Buy” on Monday, April 9.

More notable recent Baidu, Inc. (NASDAQ:BIDU) news were published by: Fool.com which released: “Baidu’s AI Brain Drain Continues” on May 23, 2018, also Nasdaq.com with their article: “Baidu Inc (ADR): How 225% Looks Reasonable in BIDU Stock” published on May 08, 2018, Nasdaq.com published: “This Baidu Inc (ADR) Dip Is Another Long Trade Opportunity for Easy Profits” on May 21, 2018. More interesting news about Baidu, Inc. (NASDAQ:BIDU) were released by: Nasdaq.com and their article: “The Selloff in Baidu Inc Stock Is a Golden Buying Opportunity” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “Baidu: A Lot To Like” with publication date: May 07, 2018.

Investors sentiment decreased to 0.82 in Q1 2018. Its down 0.20, from 1.02 in 2017Q4. It fall, as 50 investors sold TEL shares while 229 reduced holdings. 71 funds opened positions while 159 raised stakes. 309.75 million shares or 2.21% more from 303.06 million shares in 2017Q4 were reported. Wetherby Asset Mgmt has invested 0.18% of its portfolio in TE Connectivity Ltd. (NYSE:TEL). Moreover, British Columbia Inv Mgmt has 0.27% invested in TE Connectivity Ltd. (NYSE:TEL). Fort Washington Invest Advsrs Oh accumulated 5,371 shares. Boston Common Asset Management Limited Company stated it has 16,574 shares or 0.2% of all its holdings. Rampart Ltd Liability Corporation owns 88,542 shares or 0.85% of their US portfolio. Df Dent & Co Inc has invested 0.03% in TE Connectivity Ltd. (NYSE:TEL). Riverhead Management Ltd Liability Corp accumulated 22,859 shares or 0.1% of the stock. Bp Public Limited stated it has 0.4% in TE Connectivity Ltd. (NYSE:TEL). Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.18% of its portfolio in TE Connectivity Ltd. (NYSE:TEL) for 45,607 shares. Community National Bank & Trust Na has invested 0% in TE Connectivity Ltd. (NYSE:TEL). Willingdon Wealth reported 0% in TE Connectivity Ltd. (NYSE:TEL). Century Companies reported 1.89 million shares. Lmr Prns Llp invested in 0.05% or 5,285 shares. Boothbay Fund Limited Company accumulated 18,885 shares. Exxonmobil Mngmt Tx invested 0.15% in TE Connectivity Ltd. (NYSE:TEL).

Among 13 analysts covering TE Connectivity (NYSE:TEL), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. TE Connectivity had 49 analyst reports since July 23, 2015 according to SRatingsIntel. As per Wednesday, January 3, the company rating was maintained by RBC Capital Markets. The stock has “Overweight” rating by Morgan Stanley on Thursday, November 2. The firm earned “Sell” rating on Wednesday, January 4 by Goldman Sachs. The rating was maintained by Robert W. Baird on Tuesday, April 17 with “Buy”. The stock has “Neutral” rating by Goldman Sachs on Wednesday, April 18. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, January 21. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, January 18. The firm has “Hold” rating by SunTrust given on Thursday, January 25. The stock of TE Connectivity Ltd. (NYSE:TEL) has “Buy” rating given on Thursday, December 14 by Stifel Nicolaus. Berenberg downgraded the stock to “Hold” rating in Wednesday, March 2 report.

Ngam Advisors Lp, which manages about $16.78B and $10.13B US Long portfolio, upped its stake in United Community Banks Inc (NASDAQ:UCBI) by 20,622 shares to 179,535 shares, valued at $5.68 million in 2018Q1, according to the filing. It also increased its holding in Grace Wr & Co Dela (NYSE:GRA) by 28,120 shares in the quarter, for a total of 42,475 shares, and has risen its stake in Ares Capital Corp (NASDAQ:ARCC).

Since January 29, 2018, it had 0 insider buys, and 6 insider sales for $37.00 million activity. Murphy Tim sold 17,100 shares worth $1.65M. $1.10 million worth of stock was sold by MERKT STEVEN T on Wednesday, February 21. On Monday, January 29 CURTIN TERRENCE R sold $14.85 million worth of TE Connectivity Ltd. (NYSE:TEL) or 142,450 shares. $7.73M worth of TE Connectivity Ltd. (NYSE:TEL) was sold by LYNCH THOMAS J.

Baidu, Inc. (NASDAQ:BIDU) Ratings Chart