Overlook Holdings LTD Has Cut Stake in Baidu (BIDU) by $76.12 Million as Stock Price Declined; Stonebridge Capital Management Cut Disney Walt Prodtns (DIS) Position by $371,728; Shares Declined

May 27, 2018 - By Louis Casey

Baidu, Inc. (NASDAQ:BIDU) Logo

Overlook Holdings Ltd decreased its stake in Baidu (BIDU) by 40.22% based on its latest 2017Q4 regulatory filing with the SEC. Overlook Holdings Ltd sold 325,318 shares as the company’s stock declined 3.38% with the market. The institutional investor held 483,500 shares of the technology company at the end of 2017Q4, valued at $113.16M, down from 808,818 at the end of the previous reported quarter. Overlook Holdings Ltd who had been investing in Baidu for a number of months, seems to be less bullish one the $85.02 billion market cap company. The stock increased 1.46% or $3.52 during the last trading session, reaching $243.8. About 5.06 million shares traded or 47.82% up from the average. Baidu, Inc. (NASDAQ:BIDU) has risen 36.72% since May 27, 2017 and is uptrending. It has outperformed by 25.17% the S&P500.

Stonebridge Capital Management Inc decreased its stake in Disney Walt Prodtns (DIS) by 4.68% based on its latest 2017Q4 regulatory filing with the SEC. Stonebridge Capital Management Inc sold 3,319 shares as the company’s stock declined 8.57% with the market. The institutional investor held 67,637 shares of the television services company at the end of 2017Q4, valued at $7.61M, down from 70,956 at the end of the previous reported quarter. Stonebridge Capital Management Inc who had been investing in Disney Walt Prodtns for a number of months, seems to be less bullish one the $152.33 billion market cap company. The stock increased 0.09% or $0.09 during the last trading session, reaching $102.2. About 6.98M shares traded. The Walt Disney Company (NYSE:DIS) has declined 11.59% since May 27, 2017 and is downtrending. It has underperformed by 23.14% the S&P500.

More notable recent The Walt Disney Company (NYSE:DIS) news were published by: Seekingalpha.com which released: “The Bullish Case For Disney” on May 15, 2018, also Thestreet.com with their article: “Disney Is Facing a Brutal Reality” published on May 08, 2018, Bizjournals.com published: “Jedi delight: Here’s when Disney’s Star Wars: Galaxy’s Edge land will debut” on May 23, 2018. More interesting news about The Walt Disney Company (NYSE:DIS) were released by: Bizjournals.com and their article: “We’re No. 1: Orlando hits record 72 million visitors in 2017” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “Inside the ESPN meltdown” with publication date: May 24, 2018.

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.01, from 0.89 in 2017Q3. It is positive, as 58 investors sold DIS shares while 690 reduced holdings. 162 funds opened positions while 508 raised stakes. 896.07 million shares or 0.31% less from 898.84 million shares in 2017Q3 were reported. Quinn Opportunity Prtnrs Limited Company holds 0.7% or 39,500 shares in its portfolio. Apriem Advsr reported 3,754 shares stake. Moreover, Hartline Investment has 1.01% invested in The Walt Disney Company (NYSE:DIS). Bradley Foster And Sargent Inc Ct accumulated 337,398 shares. Excalibur owns 9,129 shares for 0.82% of their portfolio. Fred Alger Management Inc holds 0% of its portfolio in The Walt Disney Company (NYSE:DIS) for 58 shares. Pennsylvania Communication accumulated 209,446 shares. The Indiana-based Old National Fincl Bank In has invested 0.06% in The Walt Disney Company (NYSE:DIS). Wagner Bowman Mgmt stated it has 1.25% in The Walt Disney Company (NYSE:DIS). Tdam Usa reported 72,267 shares. 19,260 were accumulated by Timber Hill Lc. Gillespie Robinson & Grimm Inc holds 0.03% in The Walt Disney Company (NYSE:DIS) or 2,347 shares. Orca Mgmt Limited Liability has 7,077 shares for 0.67% of their portfolio. Accredited has invested 0.24% in The Walt Disney Company (NYSE:DIS). Franklin Resources reported 13.50M shares.

Stonebridge Capital Management Inc, which manages about $462.82M and $281.11M US Long portfolio, upped its stake in Merck & Company (NYSE:MRK) by 12,390 shares to 59,644 shares, valued at $3.50 million in 2017Q4, according to the filing. It also increased its holding in Primecap Odyssey Funds Growth (POGRX) by 7,778 shares in the quarter, for a total of 313,244 shares, and has risen its stake in Gilead Sciences Inc Com (NASDAQ:GILD).

Since February 26, 2018, it had 0 insider buys, and 1 insider sale for $194,780 activity.

Among 39 analysts covering The Walt Disney Company (NYSE:DIS), 24 have Buy rating, 1 Sell and 14 Hold. Therefore 62% are positive. The Walt Disney Company had 156 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, January 26 by Atlantic Securities. The company was maintained on Monday, February 5 by Cowen & Co. As per Tuesday, September 1, the company rating was maintained by Macquarie Research. Deutsche Bank upgraded The Walt Disney Company (NYSE:DIS) rating on Wednesday, November 16. Deutsche Bank has “Buy” rating and $97.70 target. The stock has “Outperform” rating by FBR Capital on Friday, November 6. Pivotal Research initiated the stock with “Hold” rating in Tuesday, October 20 report. The rating was downgraded by Jefferies to “Hold” on Wednesday, August 5. The firm earned “Buy” rating on Monday, August 17 by FBR Capital. The stock of The Walt Disney Company (NYSE:DIS) has “Outperform” rating given on Wednesday, September 2 by Credit Agricole. Jefferies maintained it with “Hold” rating and $11000 target in Thursday, July 6 report.

Analysts await The Walt Disney Company (NYSE:DIS) to report earnings on August, 14. They expect $1.98 EPS, up 25.32% or $0.40 from last year’s $1.58 per share. DIS’s profit will be $2.95 billion for 12.90 P/E if the $1.98 EPS becomes a reality. After $1.84 actual EPS reported by The Walt Disney Company for the previous quarter, Wall Street now forecasts 7.61% EPS growth.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on July, 26. They expect $2.15 EPS, up 6.44% or $0.13 from last year’s $2.02 per share. BIDU’s profit will be $749.77M for 28.35 P/E if the $2.15 EPS becomes a reality. After $2.25 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -4.44% negative EPS growth.

The Walt Disney Company (NYSE:DIS) Institutional Positions Chart

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