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As Hdfc Bank Adr (HDB) Shares Declined, Baillie Gifford & Company Has Decreased Its Holding by $9.80 Million; Costco Wholesale (COST) Holder Birinyi Associates Cut Position by $323,750 as Stock Value Declined

HDFC Bank Limited (NYSE:HDB) Logo

Birinyi Associates Inc decreased its stake in Costco Wholesale Corp (COST) by 50.72% based on its latest 2017Q4 regulatory filing with the SEC. Birinyi Associates Inc sold 1,750 shares as the company’s stock declined 1.86% with the market. The institutional investor held 1,700 shares of the department and specialty retail stores company at the end of 2017Q4, valued at $316,000, down from 3,450 at the end of the previous reported quarter. Birinyi Associates Inc who had been investing in Costco Wholesale Corp for a number of months, seems to be less bullish one the $84.94B market cap company. The stock decreased 0.77% or $1.51 during the last trading session, reaching $193.56. About 1.46M shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 14.69% since April 23, 2017 and is uptrending. It has outperformed by 3.14% the S&P500.

Baillie Gifford & Company decreased its stake in Hdfc Bank Adr (HDB) by 6.64% based on its latest 2017Q4 regulatory filing with the SEC. Baillie Gifford & Company sold 97,029 shares as the company’s stock declined 3.80% with the market. The institutional investor held 1.36M shares of the commercial banks company at the end of 2017Q4, valued at $138.70 million, down from 1.46 million at the end of the previous reported quarter. Baillie Gifford & Company who had been investing in Hdfc Bank Adr for a number of months, seems to be less bullish one the $77.74 billion market cap company. The stock increased 0.21% or $0.21 during the last trading session, reaching $98.51. About 773,802 shares traded or 2.99% up from the average. HDFC Bank Limited (NYSE:HDB) has risen 30.17% since April 23, 2017 and is uptrending. It has outperformed by 18.62% the S&P500.

Baillie Gifford & Company, which manages about $80.43B US Long portfolio, upped its stake in Foundation Medicine (NASDAQ:FMI) by 51,368 shares to 307,158 shares, valued at $20.95M in 2017Q4, according to the filing. It also increased its holding in Costar Group (NASDAQ:CSGP) by 1,553 shares in the quarter, for a total of 176,287 shares, and has risen its stake in Codexis (NASDAQ:CDXS).

Among 3 analysts covering HDFC Bank Limited (NYSE:HDB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. The rating was maintained by Goldman Sachs on Wednesday, September 14 with “Buy”. The rating was downgraded by Zacks on Wednesday, September 2 to “Sell”. On Monday, September 21 the stock rating was upgraded by Zacks to “Hold”. On Tuesday, March 21 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The stock has “Hold” rating by Zacks on Thursday, August 27.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on May, 24. They expect $1.67 earnings per share, up 19.29% or $0.27 from last year’s $1.4 per share. COST’s profit will be $732.83M for 28.98 P/E if the $1.67 EPS becomes a reality. After $1.42 actual earnings per share reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts 17.61% EPS growth.

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.21, from 1.19 in 2017Q3. It worsened, as 64 investors sold COST shares while 442 reduced holdings. 134 funds opened positions while 364 raised stakes. 308.22 million shares or 1.23% more from 304.48 million shares in 2017Q3 were reported. Huntington Steele Limited Liability Corporation stated it has 2,871 shares. Prudential Public Ltd Com owns 12,692 shares. Amer Asset reported 1,751 shares. Piedmont Inv Advsr Limited Company holds 0.35% or 93,897 shares. C M Bidwell And Associates Limited owns 2,450 shares for 0.39% of their portfolio. L S Inc holds 0.07% or 2,570 shares in its portfolio. Fuller And Thaler Asset Inc owns 3,600 shares for 0.01% of their portfolio. Shelton Capital Mgmt holds 45,366 shares. 39,088 were reported by Commonwealth Of Pennsylvania Public School Empls Retrmt Sys. Asset Mgmt accumulated 63,040 shares. Nuwave Investment Management Limited Company owns 3,272 shares or 0.72% of their US portfolio. Logan Capital Management accumulated 0.06% or 4,577 shares. 459,417 are held by Bristol John W And Inc. 15,859 were accumulated by Raab And Moskowitz Asset Mgmt Limited Liability Company. Somerset Ltd Limited Liability Company holds 0.56% or 3,616 shares.

Since October 24, 2017, it had 0 insider buys, and 14 sales for $21.65 million activity. MEISENBACH JOHN W also sold $560,730 worth of Costco Wholesale Corporation (NASDAQ:COST) shares. Murphy James P. sold $937,421 worth of stock. $2.21M worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by MOULTON PAUL G. On Monday, January 8 the insider Hines Daniel M. sold $943,080. Shares for $810,788 were sold by ZOOK DENNIS R. Shares for $3.15M were sold by Rose Timothy L..

Among 32 analysts covering Costco Wholesale (NASDAQ:COST), 23 have Buy rating, 0 Sell and 9 Hold. Therefore 72% are positive. Costco Wholesale had 126 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, October 6 by Oppenheimer. The rating was reinitiated by Stifel Nicolaus with “Buy” on Friday, January 20. BMO Capital Markets maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Wednesday, January 24. BMO Capital Markets has “Buy” rating and $223.0 target. On Thursday, June 29 the stock rating was maintained by RBC Capital Markets with “Buy”. On Wednesday, September 30 the stock rating was maintained by Deutsche Bank with “Hold”. The firm earned “Hold” rating on Monday, August 28 by BMO Capital Markets. UBS upgraded Costco Wholesale Corporation (NASDAQ:COST) on Monday, October 26 to “Buy” rating. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Equal-Weight” rating by Barclays Capital on Friday, September 23. The rating was reinitiated by Credit Suisse with “Outperform” on Thursday, December 8. The company was upgraded on Wednesday, October 19 by Northcoast.

Costco Wholesale Corporation (NASDAQ:COST) Institutional Positions Chart

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