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Ncr New (NCR) Shareholder Engaged Capital Has Lowered Its Stake by $3.42 Million as Stock Declined; Matthews International Capital Management Trimmed Holding in Baidu (BIDU) as Valuation Declined

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Matthews International Capital Management Llc decreased its stake in Baidu Inc (BIDU) by 1.4% based on its latest 2018Q1 regulatory filing with the SEC. Matthews International Capital Management Llc sold 21,400 shares as the company’s stock declined 4.86% with the market. The institutional investor held 1.51M shares of the technology company at the end of 2018Q1, valued at $336.79M, down from 1.53 million at the end of the previous reported quarter. Matthews International Capital Management Llc who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $95.19 billion market cap company. The stock increased 0.86% or $2.33 during the last trading session, reaching $272.97. About 3.77M shares traded or 2.14% up from the average. Baidu, Inc. (NASDAQ:BIDU) has risen 27.01% since June 16, 2017 and is uptrending. It has outperformed by 14.44% the S&P500. Some Historical BIDU News: 26/04/2018 – BAIDU INC BIDU.O – QTRLY TRAFFIC ACQUISITION COST WAS RMB 2.3 BLN ($360 MLN), REPRESENTING A 3% INCREASE YEAR OVER YEAR; 19/03/2018 – ADRs End Lower; Baidu, Alibaba, BP Trade Actively; 21/05/2018 – After Divestiture, Baidu No Longer Will Have Effective Control of Global DU Business; 27/04/2018 – China’s Baidu beats forecasts as it sidesteps censors, boosts ad sales; 21/03/2018 – BAIDU GETS LICENSE FOR AUTONOMOUS DRIVING IN BEIJING: DAILY; 21/05/2018 – Baidu Enters into Definitive Agreements to Divest its Global DU Business; 22/03/2018 – BAIDU GETS FIRST BATCH OF LICENSES TO CONDUCT ROAD TESTS FOR AU; 21/05/2018 – Baidu Conference Call Scheduled By Aliya Capital for May. 29; 18/05/2018 – Baidu: Qi Lu Will Continue to Serve as Vice Chmn of the Bd of Directors; 29/04/2018 – Baidu: Transactions Are Currently Expected to Close in the 2H of 2018

Glenn W. Welling decreased its stake in Ncr Corp New (NCR) by 31.39% based on its latest 2018Q1 regulatory filing with the SEC. Engaged Capital Llc sold 110,313 shares as the company’s stock declined 10.90% with the market. The hedge fund run by Glenn W. Welling held 241,154 shares of the office equipment and supplies and services company at the end of 2018Q1, valued at $7.60 million, down from 351,467 at the end of the previous reported quarter. Engaged Capital Llc who had been investing in Ncr Corp New for a number of months, seems to be less bullish one the $3.81 billion market cap company. The stock increased 1.39% or $0.44 during the last trading session, reaching $32.17. About 1.65M shares traded or 33.45% up from the average. NCR Corporation (NYSE:NCR) has declined 27.27% since June 16, 2017 and is downtrending. It has underperformed by 39.84% the S&P500. Some Historical NCR News: 01/05/2018 – NCR Reaffirms 2018 Guidance; 01/05/2018 – NCR SEES 2Q ADJ EPS 60C TO 65C, EST. 75C; 16/05/2018 – NCR to Showcase Transformative Hospitality Software Solutions at the 2018 National Restaurant Association Tradeshow in Chicago; 22/03/2018 – NCR REAFFIRMS ’18 1Q AND FY FINL GUIDANCE; 23/04/2018 – NCR CORP – DEAL PROVIDES FOR NCR TO OBTAIN MANUFACTURING SERVICES FROM JABIL FOR NCR’S AUTOMATED TELLER MACHINES, SELF-SERVICE CHECKOUT SOLUTIONS; 01/05/2018 – NCR 1Q Cont Ops EPS 35c; 15/03/2018 – Record Attendance at NCR’s Annual Americas Partner Conference; 23/05/2018 – The ‘India Pharma Week’ Moves to Delhi-NCR in 2018; 01/05/2018 – NCR Sees 2Q Revenue Growth Down 1% to Up 1%; 14/03/2018 – NCR Appoints Daniel Campbell as Executive Vice Pres, Global Sales

Among 13 analysts covering NCR (NYSE:NCR), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. NCR had 34 analyst reports since August 20, 2015 according to SRatingsIntel. DA Davidson maintained NCR Corporation (NYSE:NCR) rating on Wednesday, May 2. DA Davidson has “Neutral” rating and $33 target. The firm has “Buy” rating by RBC Capital Markets given on Thursday, January 4. RBC Capital Markets maintained NCR Corporation (NYSE:NCR) on Tuesday, June 13 with “Buy” rating. The company was maintained on Wednesday, August 9 by Oppenheimer. The stock has “Outperform” rating by Oppenheimer on Wednesday, October 28. Benchmark maintained the shares of NCR in report on Friday, July 21 with “Buy” rating. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, October 20. RBC Capital Markets maintained the stock with “Buy” rating in Friday, July 14 report. RBC Capital Markets maintained NCR Corporation (NYSE:NCR) rating on Wednesday, October 28. RBC Capital Markets has “Outperform” rating and $31 target. Wedbush maintained the stock with “Neutral” rating in Wednesday, October 26 report.

Analysts await NCR Corporation (NYSE:NCR) to report earnings on July, 19. They expect $0.63 earnings per share, down 21.25% or $0.17 from last year’s $0.8 per share. NCR’s profit will be $74.53M for 12.77 P/E if the $0.63 EPS becomes a reality. After $0.56 actual earnings per share reported by NCR Corporation for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Matthews International Capital Management Llc, which manages about $24.94 billion and $2.21 billion US Long portfolio, upped its stake in Broadcom Ltd by 34,800 shares to 364,500 shares, valued at $85.89M in 2018Q1, according to the filing. It also increased its holding in Fanhua Inc by 2.95 million shares in the quarter, for a total of 3.28M shares, and has risen its stake in Baozun Inc.

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 31.74 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.

More notable recent Baidu, Inc. (NASDAQ:BIDU) news were published by: Nasdaq.com which released: “Embrace That iQiyi, Inc Is Being Called the Netflix of China” on June 14, 2018, also Seekingalpha.com with their article: “Baidu COO will step down; shares -6%” published on May 18, 2018, Fool.com published: “Folks Are Hating Baidu Stock at the Worst Possible Time” on June 06, 2018. More interesting news about Baidu, Inc. (NASDAQ:BIDU) were released by: Finance.Yahoo.com and their article: “The Selloff in Baidu Inc Stock Is a Golden Buying Opportunity” published on May 24, 2018 as well as Globenewswire.com‘s news article titled: “Baidu Partners with BMW China to Develop Next Generation Home to Vehicle Connectivity Solutions” with publication date: June 14, 2018.

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