Newport Asia Has Cut Its Baidu (BIDU) Holding by $2.41 Million; Share Value Declined; As Microsoft Corp. (MSFT) Share Price Rose, Cullen Capital Management Trimmed Its Stake by $6.86 Million

August 12, 2018 - By Jason Dias

Baidu, Inc. (NASDAQ:BIDU) Logo

Cullen Capital Management Llc decreased its stake in Microsoft Corp. (MSFT) by 9.76% based on its latest 2018Q1 regulatory filing with the SEC. Cullen Capital Management Llc sold 75,415 shares as the company’s stock rose 3.08% while stock markets declined. The institutional investor held 697,310 shares of the prepackaged software company at the end of 2018Q1, valued at $63.64M, down from 772,725 at the end of the previous reported quarter. Cullen Capital Management Llc who had been investing in Microsoft Corp. for a number of months, seems to be less bullish one the $835.84 billion market cap company. The stock decreased 0.61% or $0.67 during the last trading session, reaching $109. About 14.51M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 41.28% since August 12, 2017 and is uptrending. It has outperformed by 28.71% the S&P500. Some Historical MSFT News: 23/05/2018 – MICROSOFT MSFT.O SAYS WILL HIRE ABOUT 100 NEW ARTIFICIAL INTELLIGENCE EXPERTS IN FRANCE IN 2018; 27/04/2018 – JP Morgan upgrades Microsoft, citing strong growth in cloud services; 11/04/2018 – Commvault Expands Microsoft Azure Stack Integration; 12/04/2018 – BlackRock snags more assets in market rout, boosts profit; 26/04/2018 – MSFT Filings: Microsoft Corp 8-K Filed On 2018-04-26; 05/03/2018 – eXp Realty Hires Stacey Onnen as Senior Vice President of Brokerage Operations; 07/05/2018 – Invoice2go partners with Microsoft to showcase a new way for small businesses to get paid faster; 27/04/2018 – Microsoft opens up day after earnings beat; 07/03/2018 – BluChip Solutions, an ITPS Company, Partners with 2 of the Largest Universities in the Country to Launch Microsoft Office 365 Practice; 29/05/2018 – American Education Center Signs Letter of Intent with Quanzhou Textile Garment Vocational Institute for the Implementation of Four International Certificate Projects in China

Newport Asia Llc decreased its stake in Baidu Inc (BIDU) by 2.35% based on its latest 2018Q1 regulatory filing with the SEC. Newport Asia Llc sold 10,800 shares as the company’s stock declined 4.86% with the market. The institutional investor held 449,600 shares of the technology company at the end of 2018Q1, valued at $100.35M, down from 460,400 at the end of the previous reported quarter. Newport Asia Llc who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $77.06B market cap company. The stock increased 0.10% or $0.21 during the last trading session, reaching $220.1. About 3.16 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 27.01% since August 12, 2017 and is uptrending. It has outperformed by 14.44% the S&P500. Some Historical BIDU News: 28/03/2018 – Chinese streaming company iQiyi prices IPO at $18 per share; 18/04/2018 – Brightwire: Alibaba, Baidu,; 26/04/2018 – BAIDU SPIKES 7.3% AFTER 1Q ADJ. PROFIT PER ADR TOPS ESTIMATES; 29/05/2018 – FEATURE-In China’s booming tech scene, women battle sexism and conservative values; 22/03/2018 – BAIDU INC – PUBLIC OFFERING CONSISTS OF US$1 BLN OF 3.875% NOTES DUE 2023 AND US$500 MLN OF 4.375% NOTES DUE 2028; 09/05/2018 – Brightwire: Baidu customized ads, content services managers quit; 16/03/2018 – BAIDU INC FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO A POTENTIAL TWO-PART NOTES OFFERING – SEC FILING; 28/04/2018 – BAIDU SAYS FINANCE ARM RAISED $1.9B FROM TPG, OTHERS; 21/05/2018 – After Divestiture, Baidu Will Own Approximately 34% of Global DU Business’s Outstanding Shrs; 21/05/2018 – Baidu Sinks for Third Straight Day; Chinese ADRs Monday

Since February 16, 2018, it had 1 insider buy, and 4 insider sales for $1.39 million activity. $550,606 worth of Microsoft Corporation (NASDAQ:MSFT) shares were bought by PETERSON SANDRA E.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 32 have Buy rating, 1 Sell and 4 Hold. Therefore 86% are positive. Microsoft Corporation had 208 analyst reports since July 22, 2015 according to SRatingsIntel. Argus Research upgraded Microsoft Corporation (NASDAQ:MSFT) on Tuesday, October 31 to “Buy” rating. Vetr upgraded Microsoft Corporation (NASDAQ:MSFT) on Wednesday, September 2 to “Strong-Buy” rating. The firm has “Buy” rating by Evercore given on Friday, December 8. Citigroup maintained the shares of MSFT in report on Monday, April 30 with “Neutral” rating. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Tigress Financial on Wednesday, February 14. As per Friday, October 23, the company rating was maintained by RBC Capital Markets. As per Friday, October 27, the company rating was maintained by Canaccord Genuity. The rating was maintained by RBC Capital Markets on Sunday, October 8 with “Buy”. The company was maintained on Thursday, January 25 by Barclays Capital. FBR Capital maintained the stock with “Buy” rating in Thursday, September 3 report.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on October, 25. They expect $0.96 earnings per share, up 14.29% or $0.12 from last year’s $0.84 per share. MSFT’s profit will be $7.36 billion for 28.39 P/E if the $0.96 EPS becomes a reality. After $1.13 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -15.04% negative EPS growth.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Seekingalpha.com which released: “Sell Microsoft And Don’t Look Back” on August 08, 2018, also Seekingalpha.com with their article: “Microsoft Soaring To All-Time Highs” published on July 26, 2018, Seekingalpha.com published: “Nintendo Switch Online to come in late September” on August 10, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Nasdaq.com and their article: “Noteworthy Friday Option Activity: HIG, IRM, MSFT” published on July 27, 2018 as well as Seekingalpha.com‘s news article titled: “I Was Wrong About Microsoft: It’s A Buy” with publication date: July 31, 2018.

Investors sentiment decreased to 0.74 in Q1 2018. Its down 0.03, from 0.77 in 2017Q4. It fall, as 49 investors sold MSFT shares while 1035 reduced holdings. 142 funds opened positions while 665 raised stakes. 5.38 billion shares or 1.45% less from 5.46 billion shares in 2017Q4 were reported. Vanguard Group holds 586.09 million shares. Ithaka Grp Ltd Liability Co holds 4.72% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 307,654 shares. Archon Prns Lc has 1.83% invested in Microsoft Corporation (NASDAQ:MSFT) for 92,000 shares. Washington Tru Com holds 1.52% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 283,559 shares. 33,323 are held by Keystone Financial Planning. Dock Street Asset Mngmt holds 0.81% in Microsoft Corporation (NASDAQ:MSFT) or 23,627 shares. Ameritas Inv Partners Inc reported 1.7% stake. Palisades Hudson Asset Mngmt LP owns 0.64% invested in Microsoft Corporation (NASDAQ:MSFT) for 12,908 shares. Telemark Asset Mngmt Limited holds 100,000 shares. Veritas Management (Uk) Ltd reported 234,511 shares. Blair William & Il holds 2.35% or 3.65 million shares in its portfolio. Oberweis Asset Mgmt reported 3,820 shares. Wg Shaheen & Associate Dba Whitney & holds 94,496 shares. Argent Co accumulated 88,885 shares. 480,375 are owned by Brighton Jones Llc.

Cullen Capital Management Llc, which manages about $3.87B and $2.82 billion US Long portfolio, upped its stake in Zurich Insurance Group Ag (ZFSVF) by 1,420 shares to 15,430 shares, valued at $5.06 million in 2018Q1, according to the filing. It also increased its holding in Suntrust Banks Inc. (NYSE:STI) by 266,865 shares in the quarter, for a total of 874,594 shares, and has risen its stake in Smiths Group Plc (SMGKF).

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on October, 25. They expect $2.10 EPS, down 41.99% or $1.52 from last year’s $3.62 per share. BIDU’s profit will be $735.23 million for 26.20 P/E if the $2.10 EPS becomes a reality. After $2.69 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -21.93% negative EPS growth.

More notable recent Baidu, Inc. (NASDAQ:BIDU) news were published by: Fool.com which released: “Is Baidu at Risk From a Suddenly Submissive Alphabet?” on August 08, 2018, also Fool.com with their article: “A Couple of Bad Days for Baidu and TripAdvisor” published on August 10, 2018, Seekingalpha.com published: “Baidu: Google Fears Gift” on August 08, 2018. More interesting news about Baidu, Inc. (NASDAQ:BIDU) were released by: Seekingalpha.com and their article: “Baidu: Google Wants To Come Back” published on August 06, 2018 as well as Nasdaq.com‘s news article titled: “Baidu (BIDU) Stock Rises on Q2 Earnings Beat” with publication date: August 01, 2018.

Among 27 analysts covering Baidu (NASDAQ:BIDU), 15 have Buy rating, 2 Sell and 10 Hold. Therefore 56% are positive. Baidu had 73 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Friday, October 20. Wells Fargo initiated the stock with “Buy” rating in Tuesday, September 26 report. Daiwa Securities downgraded the shares of BIDU in report on Wednesday, October 7 to “Underperform” rating. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Equal-Weight” rating by Barclays Capital on Monday, October 30. Macquarie Research downgraded the stock to “Neutral” rating in Friday, October 28 report. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Hold” rating given on Tuesday, January 23 by Jefferies. TH Capital maintained it with “Buy” rating and $187 target in Tuesday, October 27 report. The firm has “Hold” rating given on Wednesday, February 14 by Jefferies. On Thursday, February 15 the stock rating was upgraded by Morgan Stanley to “Overweight”. The firm has “Hold” rating by Brean Capital given on Tuesday, July 28.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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