Newport Asia Stake in Baidu (BIDU) Has Increased as Share Value Rose; As Intuit (INTU) Share Price Rose, Novare Capital Management Has Cut Stake by $1.17 Million

February 15, 2018 - By Winifred Garcia

Newport Asia Llc increased its stake in Baidu Inc (BIDU) by 1.22% based on its latest 2017Q3 regulatory filing with the SEC. Newport Asia Llc bought 5,700 shares as the company’s stock rose 1.94% with the market. The institutional investor held 472,500 shares of the technology company at the end of 2017Q3, valued at $117.03 million, up from 466,800 at the end of the previous reported quarter. Newport Asia Llc who had been investing in Baidu Inc for a number of months, seems to be bullish on the $86.01B market cap company. The stock increased 5.01% or $11.8099 during the last trading session, reaching $247.6999. About 3.67M shares traded or 35.37% up from the average. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since February 15, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Novare Capital Management Llc decreased its stake in Intuit Inc (INTU) by 38.53% based on its latest 2017Q3 regulatory filing with the SEC. Novare Capital Management Llc sold 8,247 shares as the company’s stock rose 4.61% with the market. The institutional investor held 13,159 shares of the prepackaged software company at the end of 2017Q3, valued at $1.87 million, down from 21,406 at the end of the previous reported quarter. Novare Capital Management Llc who had been investing in Intuit Inc for a number of months, seems to be less bullish one the $42.79 billion market cap company. The stock increased 2.12% or $3.47 during the last trading session, reaching $167.37. About 405,285 shares traded. Intuit Inc. (NASDAQ:INTU) has risen 23.62% since February 15, 2017 and is uptrending. It has outperformed by 6.92% the S&P500.

Among 23 analysts covering Intuit (NASDAQ:INTU), 9 have Buy rating, 2 Sell and 12 Hold. Therefore 39% are positive. Intuit had 83 analyst reports since August 10, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, January 9 report. The rating was initiated by Brean Capital with “Buy” on Thursday, April 14. The rating was maintained by Raymond James with “Buy” on Saturday, August 22. On Wednesday, August 26 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of Intuit Inc. (NASDAQ:INTU) has “Hold” rating given on Tuesday, November 21 by Stifel Nicolaus. The company was initiated on Thursday, April 21 by Credit Suisse. The company was maintained on Tuesday, January 9 by Credit Suisse. Wells Fargo maintained Intuit Inc. (NASDAQ:INTU) on Tuesday, November 21 with “Buy” rating. The stock of Intuit Inc. (NASDAQ:INTU) has “Outperform” rating given on Friday, February 24 by Credit Suisse. The company was initiated on Monday, May 23 by Goldman Sachs.

Since August 24, 2017, it had 0 insider purchases, and 15 selling transactions for $155.18 million activity. Wernikoff Daniel A had sold 15,415 shares worth $2.18 million on Thursday, September 7. The insider Goodarzi Sasan K sold $2.29M. COOK SCOTT D also sold $24.28M worth of Intuit Inc. (NASDAQ:INTU) shares. $26.05M worth of stock was sold by Williams R Neil on Tuesday, September 12. 1,868 shares were sold by FLOURNOY MARK J, worth $265,839 on Monday, September 11.

Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on February, 22. They expect $0.09 EPS, up 28.57% or $0.02 from last year’s $0.07 per share. INTU’s profit will be $23.01 million for 464.92 P/E if the $0.09 EPS becomes a reality. After $-0.14 actual EPS reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -164.29% EPS growth.

Novare Capital Management Llc, which manages about $695.33M and $568.22M US Long portfolio, upped its stake in Comerica Incorporated (NYSE:CMA) by 5,945 shares to 81,095 shares, valued at $6.18M in 2017Q3, according to the filing. It also increased its holding in Johnson & Johnson (NYSE:JNJ) by 25,318 shares in the quarter, for a total of 84,642 shares, and has risen its stake in Jp Morgan Chase Inc (NYSE:JPM).

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.04, from 0.96 in 2017Q2. It fall, as 33 investors sold INTU shares while 249 reduced holdings. 66 funds opened positions while 193 raised stakes. 215.12 million shares or 0.10% less from 215.33 million shares in 2017Q2 were reported. New Amsterdam Prtnrs Ltd Llc stated it has 3,914 shares. 51,493 were accumulated by Quantbot Tech L P. Westpac holds 0.18% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 56,822 shares. Qci Asset Mngmt New York reported 320 shares or 0.01% of all its holdings. Panagora Asset Inc holds 0.14% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 249,142 shares. Verity & Verity Limited Liability has 2,110 shares. Honeywell Int Inc holds 101,500 shares or 0.51% of its portfolio. Eulav Asset Management has invested 0.29% in Intuit Inc. (NASDAQ:INTU). Addenda has 0.38% invested in Intuit Inc. (NASDAQ:INTU). 8,103 are held by Trust Of Vermont. Asset invested in 0.11% or 23,877 shares. Parametric Ltd has invested 0.17% in Intuit Inc. (NASDAQ:INTU). Jensen Invest Incorporated owns 793,660 shares for 1.52% of their portfolio. 59,568 were reported by Kbc Group Incorporated Nv. Nikko Asset Mgmt Americas has 168,300 shares for 1.17% of their portfolio.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 8 have Buy rating, 3 Sell and 13 Hold. Therefore 33% are positive. Baidu had 59 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, October 28 by Macquarie Research. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Tuesday, July 28 report. As per Tuesday, October 3, the company rating was maintained by Jefferies. As per Wednesday, January 11, the company rating was initiated by Bernstein. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Neutral” rating by Nomura on Friday, January 22. JP Morgan maintained Baidu, Inc. (NASDAQ:BIDU) on Monday, October 30 with “Neutral” rating. The company was downgraded on Monday, October 31 by Macquarie Research. The firm has “Hold” rating by Deutsche Bank given on Wednesday, September 28. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Buy” rating by Brean Capital on Friday, April 29. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Buy” rating given on Monday, July 31 by Nomura.

Newport Asia Llc, which manages about $2.47B and $674.45M US Long portfolio, decreased its stake in Netease Inc (NASDAQ:NTES) by 9,200 shares to 194,500 shares, valued at $51.31M in 2017Q3, according to the filing.

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