Baidu Spon Adr Rep A (BIDU) Holder Beck Mack & Oliver Cut Position by $441,636; Newman Dignan & Sheerar Raised Its Alibaba Group Hldg Adr (BABA) Stake by $527,352; Share Price Rose

January 17, 2018 - By Louis Casey

Beck Mack & Oliver Llc decreased its stake in Baidu Inc Spon Adr Rep A (BIDU) by 60.65% based on its latest 2017Q3 regulatory filing with the SEC. Beck Mack & Oliver Llc sold 1,788 shares as the company’s stock rose 1.94% with the market. The institutional investor held 1,160 shares of the technology company at the end of 2017Q3, valued at $287,000, down from 2,948 at the end of the previous reported quarter. Beck Mack & Oliver Llc who had been investing in Baidu Inc Spon Adr Rep A for a number of months, seems to be less bullish one the $88.82 billion market cap company. The stock decreased 0.77% or $1.98 during the last trading session, reaching $255.8. About 635,972 shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since January 17, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Newman Dignan & Sheerar Inc increased its stake in Alibaba Group Hldg Adr (BABA) by 92.77% based on its latest 2017Q3 regulatory filing with the SEC. Newman Dignan & Sheerar Inc bought 3,066 shares as the company’s stock rose 22.58% with the market. The institutional investor held 6,371 shares of the business services company at the end of 2017Q3, valued at $1.10 million, up from 3,305 at the end of the previous reported quarter. Newman Dignan & Sheerar Inc who had been investing in Alibaba Group Hldg Adr for a number of months, seems to be bullish on the $467.46B market cap company. The stock decreased 0.12% or $0.215 during the last trading session, reaching $182.185. About 4.61M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 17, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 37 analysts covering Alibaba (NYSE:BABA), 35 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 158 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Tuesday, June 6. Needham maintained the stock with “Buy” rating in Thursday, June 8 report. The stock has “Buy” rating by Daiwa Securities on Wednesday, September 28. On Friday, November 3 the stock rating was maintained by Needham with “Buy”. The rating was maintained by Tigress Financial on Thursday, November 30 with “Buy”. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Friday, August 12 by Suntrust Robinson. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Neutral” rating given on Wednesday, October 28 by Wedbush. RBC Capital Markets maintained the shares of BABA in report on Friday, August 12 with “Outperform” rating. On Wednesday, August 26 the stock rating was maintained by Cantor Fitzgerald with “Buy”. As per Monday, November 6, the company rating was maintained by Oppenheimer.

Beck Mack & Oliver Llc, which manages about $5.32 billion and $3.04 billion US Long portfolio, upped its stake in Centurylink Inc Com (NYSE:CTL) by 913,890 shares to 942,890 shares, valued at $17.82 million in 2017Q3, according to the filing. It also increased its holding in Blackberry Ltd Com (NASDAQ:BBRY) by 45,700 shares in the quarter, for a total of 1.89M shares, and has risen its stake in Procter & Gamble (NYSE:PG).

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