Btg Pactual Global Asset Management LTD Lifted Its Time Warner (TWX) Holding by $510,000 as Shares Rose; As Baidu (BIDU) Share Price Rose, Punch Card Management LP Cut Its Holding by $15.21 Million

January 12, 2018 - By Adrian Erickson

Punch Card Management Lp decreased its stake in Baidu Inc (BIDU) by 27.11% based on its latest 2017Q3 regulatory filing with the SEC. Punch Card Management Lp sold 61,582 shares as the company’s stock rose 1.94% with the market. The institutional investor held 165,577 shares of the technology company at the end of 2017Q3, valued at $41.01M, down from 227,159 at the end of the previous reported quarter. Punch Card Management Lp who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $87.79B market cap company. The stock increased 1.05% or $2.6152 during the last trading session, reaching $252.8352. About 2.29M shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since January 12, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Btg Pactual Global Asset Management Ltd increased its stake in Time Warner Inc (TWX) by 7.58% based on its latest 2017Q3 regulatory filing with the SEC. Btg Pactual Global Asset Management Ltd bought 5,000 shares as the company’s stock rose 1.19% with the market. The institutional investor held 71,000 shares of the television services company at the end of 2017Q3, valued at $7.27 million, up from 66,000 at the end of the previous reported quarter. Btg Pactual Global Asset Management Ltd who had been investing in Time Warner Inc for a number of months, seems to be bullish on the $71.67B market cap company. The stock increased 0.17% or $0.16 during the last trading session, reaching $92.05. About 2.60 million shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since January 12, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on February, 22. They expect $1.66 EPS, up 3.75% or $0.06 from last year’s $1.6 per share. BIDU’s profit will be $576.40M for 38.08 P/E if the $1.66 EPS becomes a reality. After $3.62 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -54.14% negative EPS growth.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 4 Sell and 11 Hold. Therefore 38% are positive. Baidu had 56 analyst reports since July 28, 2015 according to SRatingsIntel. Summit Research downgraded Baidu, Inc. (NASDAQ:BIDU) on Wednesday, September 30 to “Hold” rating. Barclays Capital maintained Baidu, Inc. (NASDAQ:BIDU) rating on Monday, October 30. Barclays Capital has “Equal-Weight” rating and $240 target. The firm has “Sector Weight” rating given on Tuesday, July 28 by KeyBanc Capital Markets. On Thursday, May 12 the stock rating was maintained by Jefferies with “Buy”. The rating was downgraded by Credit Suisse to “Neutral” on Friday, October 28. The firm has “Outperform” rating by Oppenheimer given on Monday, August 3. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Neutral” rating given on Monday, October 31 by Macquarie Research. Macquarie Research upgraded Baidu, Inc. (NASDAQ:BIDU) on Friday, July 28 to “Buy” rating. Nomura upgraded it to “Buy” rating and $24100 target in Monday, July 31 report. Credit Suisse initiated the stock with “Outperform” rating in Wednesday, July 20 report.

Investors sentiment decreased to 0.76 in Q3 2017. Its down 0.09, from 0.85 in 2017Q2. It dived, as 66 investors sold TWX shares while 374 reduced holdings. 69 funds opened positions while 264 raised stakes. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. Moreover, Finance Counselors has 0.05% invested in Time Warner Inc. (NYSE:TWX) for 10,247 shares. Jp Marvel Investment Advsrs Ltd Liability Company reported 3,078 shares. Koshinski Asset Mgmt reported 0.13% stake. Prelude Management stated it has 3.03% in Time Warner Inc. (NYSE:TWX). Public Employees Retirement System Of Ohio has 544,685 shares. Grisanti Mgmt Limited Liability holds 3.9% or 92,770 shares in its portfolio. San Francisco Sentry Inv Group Inc (Ca) invested in 0.12% or 3,455 shares. Macroview Inv Mgmt Limited Liability Corporation owns 26 shares for 0.01% of their portfolio. Sandy Spring Retail Bank stated it has 26,214 shares or 0.26% of all its holdings. Tiedemann Wealth Ltd Liability Corporation holds 0.16% in Time Warner Inc. (NYSE:TWX) or 20,427 shares. Ntv Asset Management Ltd has invested 0.06% of its portfolio in Time Warner Inc. (NYSE:TWX). Winslow Evans & Crocker accumulated 0.02% or 634 shares. Da Davidson & has invested 0.05% in Time Warner Inc. (NYSE:TWX). Moreover, Contour Asset Mgmt Limited Company has 3.42% invested in Time Warner Inc. (NYSE:TWX) for 593,664 shares. Fil Limited owns 0.49% invested in Time Warner Inc. (NYSE:TWX) for 1.65M shares.

Btg Pactual Global Asset Management Ltd, which manages about $313.47M US Long portfolio, decreased its stake in Altaba Inc by 228,010 shares to 118,845 shares, valued at $7.87 million in 2017Q3, according to the filing. It also reduced its holding in Constellation Brands Inc (NYSE:STZ) by 11,837 shares in the quarter, leaving it with 123,640 shares, and cut its stake in Gilead Sciences Inc (NASDAQ:GILD).

Among 40 analysts covering Time Warner Inc. (NYSE:TWX), 15 have Buy rating, 0 Sell and 25 Hold. Therefore 38% are positive. Time Warner Inc. had 116 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Time Warner Inc. (NYSE:TWX) earned “Buy” rating by Wunderlich on Thursday, November 5. The firm has “Outperform” rating given on Tuesday, October 13 by RBC Capital Markets. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, April 26. Needham maintained Time Warner Inc. (NYSE:TWX) on Monday, September 25 with “Hold” rating. On Thursday, August 3 the stock rating was maintained by Rosenblatt with “Hold”. RBC Capital Markets maintained Time Warner Inc. (NYSE:TWX) on Monday, October 16 with “Hold” rating. The stock has “Hold” rating by Jefferies on Thursday, August 3. Moffett Nathanson upgraded the stock to “Buy” rating in Thursday, November 17 report. The stock of Time Warner Inc. (NYSE:TWX) earned “Neutral” rating by Credit Suisse on Tuesday, September 19. Guggenheim maintained it with “Buy” rating and $104.0 target in Thursday, January 4 report.

Since December 14, 2017, it had 0 buys, and 1 insider sale for $2.11 million activity.

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