Connor Clark & Lunn Investment Management LTD Has Trimmed By $7.56 Million Its Netease.Com (NTES) Stake; Shearlink Capital Has Increased Its Cbs New (CBS) Position

January 13, 2018 - By Peter Erickson

Connor Clark & Lunn Investment Management Ltd decreased Netease.Com Inc (NTES) stake by 90.55% reported in 2017Q3 SEC filing. Connor Clark & Lunn Investment Management Ltd sold 28,735 shares as Netease.Com Inc (NTES)’s stock declined 3.53%. The Connor Clark & Lunn Investment Management Ltd holds 3,000 shares with $791,000 value, down from 31,735 last quarter. Netease.Com Inc now has $43.16B valuation. The stock increased 0.44% or $1.43 during the last trading session, reaching $328.83. About 1.06 million shares traded. NetEase, Inc. (NASDAQ:NTES) has risen 77.85% since January 13, 2017 and is uptrending. It has outperformed by 61.15% the S&P500.

Shearlink Capital Llc increased Cbs Corp New (CBS) stake by 8.57% reported in 2017Q3 SEC filing. Shearlink Capital Llc acquired 12,000 shares as Cbs Corp New (CBS)’s stock declined 6.13%. The Shearlink Capital Llc holds 152,100 shares with $8.82 million value, up from 140,100 last quarter. Cbs Corp New now has $22.49 billion valuation. The stock increased 1.82% or $1.05 during the last trading session, reaching $58.83. About 6.28M shares traded. CBS Corporation (NYSE:CBS) has risen 18.35% since January 13, 2017 and is uptrending. It has outperformed by 1.65% the S&P500.

Among 18 analysts covering NetEase (NASDAQ:NTES), 11 have Buy rating, 4 Sell and 3 Hold. Therefore 61% are positive. NetEase had 40 analyst reports since August 12, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, October 3 by Jefferies. As per Thursday, September 29, the company rating was initiated by Jefferies. The company was downgraded on Thursday, November 16 by CLSA. The firm has “Hold” rating by Barclays Capital given on Tuesday, November 21. Standpoint Research downgraded NetEase, Inc. (NASDAQ:NTES) rating on Wednesday, June 7. Standpoint Research has “Sell” rating and $36000 target. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Buy” rating by Jefferies on Monday, November 28. The company was downgraded on Friday, October 16 by Standpoint Research. The firm earned “Neutral” rating on Friday, August 19 by Credit Suisse. On Friday, November 17 the stock rating was upgraded by Nomura to “Buy”. The firm earned “Buy” rating on Monday, January 9 by Standpoint Research.

Connor Clark & Lunn Investment Management Ltd increased Johnson & Johnson (NYSE:JNJ) stake by 217,725 shares to 623,545 valued at $81.07M in 2017Q3. It also upped Grupo Aeroportuario Del Pacifi Adr (NYSE:PAC) stake by 3,800 shares and now owns 5,625 shares. Agco Corp (NYSE:AGCO) was raised too.

Analysts await NetEase, Inc. (NASDAQ:NTES) to report earnings on February, 21. They expect $2.41 EPS, down 39.90% or $1.60 from last year’s $4.01 per share. NTES’s profit will be $316.33 million for 34.11 P/E if the $2.41 EPS becomes a reality. After $2.86 actual EPS reported by NetEase, Inc. for the previous quarter, Wall Street now forecasts -15.73% negative EPS growth.

Among 35 analysts covering CBS Corp (NYSE:CBS), 28 have Buy rating, 0 Sell and 7 Hold. Therefore 80% are positive. CBS Corp had 104 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, January 8 by Stifel Nicolaus. As per Tuesday, June 6, the company rating was maintained by RBC Capital Markets. Citigroup maintained CBS Corporation (NYSE:CBS) on Wednesday, August 23 with “Buy” rating. The stock of CBS Corporation (NYSE:CBS) earned “Outperform” rating by Credit Suisse on Monday, February 22. The firm earned “Outperform” rating on Friday, February 12 by Wedbush. The firm has “Buy” rating given on Friday, October 21 by Wunderlich. Telsey Advisory Group downgraded the shares of CBS in report on Thursday, September 22 to “Market Perform” rating. The stock of CBS Corporation (NYSE:CBS) earned “Equal-Weight” rating by Barclays Capital on Friday, October 13. Jefferies maintained the shares of CBS in report on Thursday, July 13 with “Buy” rating. The rating was downgraded by Macquarie Research to “Neutral” on Tuesday, January 2.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.23, from 0.8 in 2017Q2. It is positive, as 53 investors sold CBS shares while 225 reduced holdings. 80 funds opened positions while 206 raised stakes. 225.71 million shares or 1.68% less from 229.56 million shares in 2017Q2 were reported. Ellington Management Group Inc Lc owns 0.05% invested in CBS Corporation (NYSE:CBS) for 4,600 shares. Sit Investment Assoc Incorporated owns 316,560 shares. Perigon Wealth Mngmt Limited Liability Company accumulated 845 shares. Mufg Americas stated it has 0% of its portfolio in CBS Corporation (NYSE:CBS). Hightower Advisors Ltd has 0% invested in CBS Corporation (NYSE:CBS). 150 were reported by Salem Inv Counselors Inc. The New York-based Amalgamated Financial Bank has invested 0.08% in CBS Corporation (NYSE:CBS). Dubuque Bancshares And Trust Communications accumulated 821 shares or 0.01% of the stock. California-based First Republic Investment Mngmt has invested 0.02% in CBS Corporation (NYSE:CBS). Wellington Shields Capital Ltd Liability invested in 31,911 shares or 0.25% of the stock. Putnam Invs Ltd holds 187,974 shares. 658 were reported by Winslow Evans And Crocker. Investec Asset reported 1.32% of its portfolio in CBS Corporation (NYSE:CBS). Gsa Capital Prns Limited Liability Partnership holds 0.21% in CBS Corporation (NYSE:CBS) or 52,468 shares. 4,962 are held by Boothbay Fund Management.

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