Paramount Group, Inc. (PGRE) Reaches $15.16 52-Week Low; Hhr Asset Management Has Trimmed Its Baidu (BIDU) Stake

January 14, 2018 - By Marie Mckinney

Hhr Asset Management Llc decreased Baidu Inc (BIDU) stake by 25.34% reported in 2017Q3 SEC filing. Hhr Asset Management Llc sold 113,430 shares as Baidu Inc (BIDU)’s stock rose 1.94%. The Hhr Asset Management Llc holds 334,168 shares with $82.77M value, down from 447,598 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 3.04M 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.

The stock of Paramount Group, Inc. (NYSE:PGRE) hit a new 52-week low and has $13.80 target or 9.00% below today’s $15.16 share price. The 9 months bearish chart indicates high risk for the $4.02 billion company. The 1-year low was reported on Jan, 14 by Barchart.com. If the $13.80 price target is reached, the company will be worth $361.62M less. The stock increased 0.07% or $0.01 during the last trading session, reaching $15.16. About 1.40M shares traded or 16.72% up from the average. Paramount Group, Inc. (NYSE:PGRE) has declined 1.39% since January 14, 2017 and is downtrending. It has underperformed by 18.09% the S&P500.

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. Pacific Crest downgraded the stock to “Sector Weight” rating in Tuesday, July 28 report. The firm has “Outperform” rating by Credit Suisse given on Monday, February 22. The firm has “Buy” rating by Bank of America given on Monday, September 18. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Neutral” rating given on Monday, October 31 by Macquarie Research. JP Morgan maintained it with “Neutral” rating and $225 target in Monday, October 30 report. On Friday, January 22 the stock rating was downgraded by Nomura to “Neutral”. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Buy” rating given on Friday, July 28 by Oppenheimer. The stock has “Neutral” rating by Citigroup on Monday, June 13. As per Friday, July 14, the company rating was maintained by Bernstein. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Outperform” rating given on Wednesday, July 20 by Credit Suisse.

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

Analysts await Paramount Group, Inc. (NYSE:PGRE) to report earnings on February, 28. They expect $0.21 earnings per share, up 16.67% or $0.03 from last year’s $0.18 per share. PGRE’s profit will be $55.66M for 18.05 P/E if the $0.21 EPS becomes a reality. After $0.22 actual earnings per share reported by Paramount Group, Inc. for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.

Among 10 analysts covering Paramount Group (NYSE:PGRE), 4 have Buy rating, 3 Sell and 3 Hold. Therefore 40% are positive. Paramount Group had 18 analyst reports since August 10, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, March 2 by Capital One. On Thursday, August 25 the stock rating was initiated by BTIG Research with “Neutral”. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, December 13 report. The stock of Paramount Group, Inc. (NYSE:PGRE) earned “Neutral” rating by Bank of America on Tuesday, March 29. The firm earned “Buy” rating on Tuesday, November 10 by Goldman Sachs. Mizuho maintained it with “Neutral” rating and $16 target in Monday, November 7 report. Deutsche Bank maintained the shares of PGRE in report on Monday, July 18 with “Buy” rating. Goldman Sachs maintained it with “Sell” rating and $15 target in Thursday, June 22 report. On Monday, March 28 the stock rating was initiated by Cowen & Co with “Market Perform”. The rating was upgraded by Wells Fargo on Tuesday, December 13 to “Outperform”.

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By1 Marie Mckinney







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