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As Facebook Classa (FB) Market Value Rose, Shareholder Waters Parkerson & Company Has Decreased Its Position by $1.20 Million; Baidu (BIDU) Shareholder Kenmare Capital Partners Has Trimmed Position by $6.42 Million

Waters Parkerson & Company decreased its stake in Facebook Inc Classa (FB) by 3.01% based on its latest 2017Q3 regulatory filing with the SEC. Waters Parkerson & Company sold 7,078 shares as the company’s stock rose 10.88% with the market. The institutional investor held 227,713 shares of the technology company at the end of 2017Q3, valued at $38.91 million, down from 234,791 at the end of the previous reported quarter. Waters Parkerson & Company who had been investing in Facebook Inc Classa for a number of months, seems to be less bullish one the $520.52B market cap company. The stock increased 1.80% or $3.17 during the last trading session, reaching $179.18. About 18.52M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 21, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Kenmare Capital Partners Llc decreased its stake in Baidu Inc (BIDU) by 39.26% based on its latest 2017Q3 regulatory filing with the SEC. Kenmare Capital Partners Llc sold 25,982 shares as the company’s stock rose 1.94% with the market. The institutional investor held 40,199 shares of the technology company at the end of 2017Q3, valued at $9.96 million, down from 66,181 at the end of the previous reported quarter. Kenmare Capital Partners Llc who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $86.75 billion market cap company. The stock increased 1.52% or $3.72 during the last trading session, reaching $249.15. About 1.83M shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since February 21, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 3 Sell and 12 Hold. Therefore 38% are positive. Baidu had 61 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Overweight” rating by Morgan Stanley on Thursday, February 15. On Wednesday, July 20 the stock rating was initiated by Credit Suisse with “Outperform”. On Tuesday, July 28 the stock rating was downgraded by Pacific Crest to “Sector Weight”. As per Tuesday, January 23, the company rating was downgraded by Jefferies. As per Monday, September 18, the company rating was maintained by Bank of America. The firm has “Underperform” rating given on Wednesday, January 11 by Bernstein. The stock has “Hold” rating by Brean Capital on Tuesday, July 28. The rating was maintained by Jefferies with “Buy” on Tuesday, October 3. The rating was downgraded by Nomura on Friday, January 22 to “Neutral”. Jefferies maintained the stock with “Hold” rating in Wednesday, February 14 report.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on April, 26. They expect $1.11 earnings per share, up 68.18% or $0.45 from last year’s $0.66 per share. BIDU’s profit will be $386.46 million for 56.11 P/E if the $1.11 EPS becomes a reality. After $1.90 actual earnings per share reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -41.58% negative EPS growth.

Waters Parkerson & Company, which manages about $1.24 billion and $1.13 billion US Long portfolio, upped its stake in Norfolk Southern Co (NYSE:NSC) by 2,983 shares to 123,665 shares, valued at $16.35 million in 2017Q3, according to the filing. It also increased its holding in Home Depot Inc (NYSE:HD) by 10,620 shares in the quarter, for a total of 231,454 shares, and has risen its stake in Johnson Ctls Intlf.

Since August 21, 2017, it had 0 buys, and 32 sales for $470.07 million activity. The insider Cox Christopher K sold 16,000 shares worth $2.73 million. $2.59M worth of Facebook, Inc. (NASDAQ:FB) was sold by Wehner David M.. Another trade for 16,298 shares valued at $2.75 million was sold by FISCHER DAVID B.. Stretch Colin also sold $127,573 worth of Facebook, Inc. (NASDAQ:FB) shares. Zuckerberg Mark also sold $69.56 million worth of Facebook, Inc. (NASDAQ:FB) shares. The insider Koum Jan sold $109.70M.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 236 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Robert W. Baird on Tuesday, October 17. The rating was maintained by JMP Securities with “Market Outperform” on Thursday, November 3. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Jefferies on Thursday, July 27. As per Thursday, February 1, the company rating was maintained by Jefferies. The company was maintained on Wednesday, November 22 by BMO Capital Markets. Goldman Sachs maintained Facebook, Inc. (NASDAQ:FB) on Friday, July 21 with “Buy” rating. Susquehanna maintained the stock with “Positive” rating in Thursday, April 28 report. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Canaccord Genuity on Thursday, November 3. The firm has “Buy” rating by Mizuho given on Thursday, April 28. Wedbush maintained it with “Outperform” rating and $145 target in Thursday, April 28 report.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on May, 2. They expect $1.40 EPS, up 34.62% or $0.36 from last year’s $1.04 per share. FB’s profit will be $4.07B for 32.00 P/E if the $1.40 EPS becomes a reality. After $2.20 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts -36.36% negative EPS growth.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It fall, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Moreover, Howard Cap has 3.5% invested in Facebook, Inc. (NASDAQ:FB). Daiwa Sb Ltd reported 9,740 shares. Arizona State Retirement Sys stated it has 594,914 shares or 1.21% of all its holdings. Wms Prtnrs has invested 0.12% of its portfolio in Facebook, Inc. (NASDAQ:FB). The Tennessee-based Courage Capital Ltd Liability has invested 1.03% in Facebook, Inc. (NASDAQ:FB). 30,381 were accumulated by Van Hulzen Asset Mngmt Ltd Llc. Winfield Associates invested in 1.29% or 14,315 shares. Eagle Ridge Management owns 2,530 shares. Soroban Capital Prns LP owns 1.07% invested in Facebook, Inc. (NASDAQ:FB) for 1.65M shares. Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv reported 75,000 shares or 6.21% of all its holdings. Quinn Opportunity Ptnrs Ltd Com owns 0.5% invested in Facebook, Inc. (NASDAQ:FB) for 18,500 shares. Commerzbank Aktiengesellschaft Fi holds 2.39% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 1.06M shares. Dock Street Asset Management reported 4.27% in Facebook, Inc. (NASDAQ:FB). Rothschild Investment Corporation Il reported 34,208 shares. Marsico Cap Management Limited reported 806,601 shares.

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