Baidu (BIDU) Holder All-Stars Investment LTD Has Lowered Holding as Valuation Declined; Selkirk Management Increases Position in Chegg (CHGG)

April 22, 2018 - By Ellis Scott

Chegg, Inc. (NYSE:CHGG) Logo

All-Stars Investment Ltd decreased its stake in Baidu Inc (BIDU) by 75.54% based on its latest 2017Q4 regulatory filing with the SEC. All-Stars Investment Ltd sold 90,723 shares as the company’s stock declined 3.38% with the market. The institutional investor held 29,377 shares of the technology company at the end of 2017Q4, valued at $6.88 million, down from 120,100 at the end of the previous reported quarter. All-Stars Investment Ltd who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $80.95 billion market cap company. The stock decreased 1.94% or $4.61 during the last trading session, reaching $232.5. About 2.12M shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 36.72% since April 22, 2017 and is uptrending. It has outperformed by 25.17% the S&P500.

Selkirk Management Llc increased its stake in Chegg Inc (CHGG) by 22.39% based on its latest 2017Q4 regulatory filing with the SEC. Selkirk Management Llc bought 60,000 shares as the company’s stock rose 31.43% while stock markets declined. The hedge fund held 328,000 shares of the consumer services company at the end of 2017Q4, valued at $5.35 million, up from 268,000 at the end of the previous reported quarter. Selkirk Management Llc who had been investing in Chegg Inc for a number of months, seems to be bullish on the $2.47 billion market cap company. The stock decreased 3.35% or $0.78 during the last trading session, reaching $22.5. About 1.35M shares traded. Chegg, Inc. (NYSE:CHGG) has risen 163.02% since April 22, 2017 and is uptrending. It has outperformed by 151.47% the S&P500.

All-Stars Investment Ltd, which manages about $60.84 million US Long portfolio, upped its stake in Yy Inc (NASDAQ:YY) by 250,000 shares to 570,000 shares, valued at $7.15M in 2017Q4, according to the filing.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Baidu had 65 analyst reports since July 28, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of BIDU in report on Friday, July 28 with “Buy” rating. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Hold” rating by TH Capital on Friday, July 29. Morgan Stanley maintained Baidu, Inc. (NASDAQ:BIDU) rating on Wednesday, May 11. Morgan Stanley has “Overweight” rating and $200 target. Macquarie Research downgraded the stock to “Neutral” rating in Friday, October 28 report. As per Monday, August 3, the company rating was maintained by Oppenheimer. Credit Agricole downgraded the shares of BIDU in report on Tuesday, July 28 to “Underperform” rating. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Sell” rating given on Friday, July 14 by Bernstein. The rating was downgraded by KeyBanc Capital Markets on Tuesday, July 28 to “Sector Weight”. The firm earned “Buy” rating on Monday, September 18 by Bank of America. The company was maintained on Friday, October 27 by Jefferies.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on April, 26. They expect $1.31 EPS, up 98.48% or $0.65 from last year’s $0.66 per share. BIDU’s profit will be $456.09 million for 44.37 P/E if the $1.31 EPS becomes a reality. After $1.90 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -31.05% negative EPS growth.

Investors sentiment decreased to 1.55 in 2017 Q4. Its down 0.34, from 1.89 in 2017Q3. It fall, as 20 investors sold CHGG shares while 38 reduced holdings. 27 funds opened positions while 63 raised stakes. 112.03 million shares or 9.19% more from 102.60 million shares in 2017Q3 were reported. Principal Financial Gru Incorporated Inc holds 0% of its portfolio in Chegg, Inc. (NYSE:CHGG) for 11,331 shares. Northern Trust Corp stated it has 1.12M shares or 0% of all its holdings. Proshare Advisors Lc owns 0.01% invested in Chegg, Inc. (NYSE:CHGG) for 55,570 shares. Brighton Jones Limited Liability Company holds 0.09% or 44,948 shares in its portfolio. Illinois-based Botty Investors Limited Liability Company has invested 0% in Chegg, Inc. (NYSE:CHGG). Nbw Cap Lc holds 110,355 shares or 0.47% of its portfolio. Amalgamated Bancorp holds 0.01% or 12,952 shares. Timessquare Limited reported 0.33% stake. Granahan Investment Ma invested in 0.96% or 751,659 shares. Raymond James Svcs Advisors holds 13,522 shares or 0% of its portfolio. 98,000 are owned by Van Hulzen Asset Mgmt Limited Liability Company. 9,375 were reported by Thompson Davis & Com. Parametrica Mngmt Limited invested in 0.17% or 16,652 shares. Kbc Gp Nv invested in 104,482 shares. Moreover, Products Prtn Limited Liability Company has 0.03% invested in Chegg, Inc. (NYSE:CHGG).

Chegg, Inc. (NYSE:CHGG) Institutional Positions Chart

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