Causeway Capital Management Upped Baidu (BIDU) Holding; TO Express Cayman (ZTO) SI Decreased By 9.51%

November 30, 2017 - By Hazel Jackson

Causeway Capital Management Llc increased Baidu Inc (BIDU) stake by 4.3% reported in 2017Q2 SEC filing. Causeway Capital Management Llc acquired 154,836 shares as Baidu Inc (BIDU)’s stock rose 1.94%. The Causeway Capital Management Llc holds 3.76M shares with $672.40M value, up from 3.60 million last quarter. Baidu Inc now has $82.66B valuation. The stock increased 1.10% or $2.58 during the last trading session, reaching $238.07. About 2.16M shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since November 30, 2016 and is uptrending. It has underperformed by 4.68% the S&P500.

TO Express Cayman Incorporated (NYSE:ZTO) had a decrease of 9.51% in short interest. ZTO’s SI was 19.36M shares in November as released by FINRA. Its down 9.51% from 21.39 million shares previously. With 1.65 million avg volume, 12 days are for TO Express Cayman Incorporated (NYSE:ZTO)’s short sellers to cover ZTO’s short positions. The stock increased 1.01% or $0.16 during the last trading session, reaching $16.07. About 1.27M shares traded. ZTO Express (NYSE:Cayman Inc.) has 0.00% since November 30, 2016 and is . It has underperformed by 16.70% the S&P500.

ZTO Express Inc., through its subsidiaries, provides express delivery and other value-added logistics services in China. The company has market cap of $11.46 billion. It offers delivery services for e-commerce merchants, traditional merchants, and other express service users, as well as through business partners. It has a 30.38 P/E ratio. As of December 31, 2016, the firm operated a fleet of approximately 2,900 self-owned trucks.

Causeway Capital Management Llc decreased Infosys Ltd (NYSE:INFY) stake by 1.13M shares to 362,915 valued at $5.45 million in 2017Q2. It also reduced Abb Ltd (NYSE:ABB) stake by 95,983 shares and now owns 1.13 million shares. China Pete & Chem Corp (NYSE:SNP) was reduced too.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 4 Sell and 11 Hold. Therefore 38% are positive. Baidu had 55 analyst reports since July 28, 2015 according to SRatingsIntel. Nomura upgraded the stock to “Buy” rating in Monday, July 31 report. As per Monday, August 3, the company rating was maintained by Oppenheimer. As per Friday, July 14, the company rating was maintained by Bernstein. JP Morgan maintained the stock with “Neutral” rating in Monday, October 30 report. Citigroup downgraded the shares of BIDU in report on Monday, June 13 to “Neutral” rating. The firm has “Equal-Weight” rating given on Monday, October 30 by Barclays Capital. The rating was downgraded by Macquarie Research to “Neutral” on Friday, October 28. The firm has “Hold” rating by TH Capital given on Friday, July 29. The rating was downgraded by Daiwa Securities on Wednesday, October 7 to “Underperform”. The firm earned “Buy” rating on Monday, August 31 by Jefferies.

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By1 Hazel Jackson

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