Lakewood Capital Management LP Has Lowered Its Baidu (BIDU) Holding; COMMERZBANK AG BEARE (CRZBF) Shorts Up By 1.56%

January 14, 2018 - By Nellie Frank

Lakewood Capital Management Lp decreased Baidu Inc (BIDU) stake by 8.58% reported in 2017Q3 SEC filing. Lakewood Capital Management Lp sold 106,000 shares as Baidu Inc (BIDU)’s stock rose 1.94%. The Lakewood Capital Management Lp holds 1.13 million shares with $279.76 million value, down from 1.24 million last quarter. Baidu Inc now has $87.86 billion valuation. The stock increased 1.13% or $2.82 during the last trading session, reaching $253.04. About 3.04 million shares traded or 19.92% up from the average. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since January 14, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

COMMERZBANK AG BEARE (OTCMKTS:CRZBF) had an increase of 1.56% in short interest. CRZBF’s SI was 13.18 million shares in January as released by FINRA. Its up 1.56% from 12.98 million shares previously. With 100 avg volume, 131827 days are for COMMERZBANK AG BEARE (OTCMKTS:CRZBF)’s short sellers to cover CRZBF’s short positions. It closed at $15.16 lastly. It is down 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. The company has market cap of $17.99 billion. The firm operates through Private and Small-Business Customers, and Corporate Clients divisions. It has a 63.43 P/E ratio. It offers deposit, loan, securities, payment, and pension products; wealth management services, such as securities and portfolio management, credit management, and loans and real estate management services; and advice on trust and inheritance issues, and corporate investments.

Lakewood Capital Management Lp increased C&J Energy Svcs Inc New stake by 487,578 shares to 1.14 million valued at $34.09M in 2017Q3. It also upped Vereit Inc stake by 605,230 shares and now owns 3.96 million shares. Ardagh Group S A was raised too.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on February, 22. They expect $1.66 EPS, up 3.75% or $0.06 from last year’s $1.6 per share. BIDU’s profit will be $576.39 million for 38.11 P/E if the $1.66 EPS becomes a reality. After $3.62 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -54.14% negative EPS growth.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 4 Sell and 11 Hold. Therefore 38% are positive. Baidu had 56 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, October 3 by Jefferies. On Friday, January 22 the stock rating was downgraded by Nomura to “Neutral”. Stifel Nicolaus upgraded the stock to “Buy” rating in Tuesday, January 10 report. The rating was downgraded by Macquarie Research on Friday, October 28 to “Neutral”. The firm has “Neutral” rating by JP Morgan given on Monday, January 9. The company was maintained on Monday, October 30 by JP Morgan. The stock has “Neutral” rating by Credit Suisse on Friday, October 28. As per Monday, February 22, the company rating was maintained by Credit Suisse. As per Tuesday, July 28, the company rating was downgraded by KeyBanc Capital Markets. Cantor Fitzgerald initiated it with “Underweight” rating and $126 target in Monday, December 19 report.

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