Baidu, Inc. (BIDU) Forms $270.00 Double Bottom; Mattel Has 0.78 Sentiment

June 14, 2018 - By rebbecca

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Baidu, Inc. (BIDU) formed double bottom with $253.80 target or 6.00% below today’s $270.00 share price. Baidu, Inc. (BIDU) has $94.16 billion valuation. The stock increased 0.96% or $2.58 during the last trading session, reaching $270. About 2.39 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 27.01% since June 14, 2017 and is uptrending. It has outperformed by 14.44% the S&P500. Some Historical BIDU News: ; 26/03/2018 – Marbridge [Reg]: Rumor: Baidu among First Batch of Firms in CDR Pilot; 21/05/2018 – Baidu Enters into Definitive Agreements to Divest its Global DU Business; 11/05/2018 – BAIDU INC BIDU.O : BERNSTEIN RAISES TO MARKET PERFORM FROM UNDERPERFORM, RAISES TARGET PRICE TO $305 FROM $240; 18/03/2018 – Chinese video streaming service provider iQiyi, a unit of search engine giant Baidu, has launched an initial public offering in New York worth up to $2.4 billion; 18/03/2018 – Baidu video streaming unit iQiyi launches $2.4 bln U.S. IPO; 09/05/2018 – Brightwire: Baidu customized ads, content services managers quit; 29/04/2018 – Baidu Entered Into Definitive Agreements With Certain Investors Relating to the Divestiture of Its Fincl Service Business, or Fincl Services Group; 29/03/2018 – IQiyi, Baidu’s Netflix of China, Set to Raise $2.25 Billion in U.S. Offering; 21/05/2018 – Baidu Enters Into Definitive Agreements to Divest Itself of Its Global DU Business; 27/04/2018 – Censorship risk casts cloud over Baidu’s bumper profits

Mattel Inc (MAT) investors sentiment decreased to 0.78 in Q1 2018. It’s down -0.06, from 0.84 in 2017Q4. The ratio turned negative, as 134 funds increased and started new positions, while 171 decreased and sold equity positions in Mattel Inc. The funds in our database now have: 401.07 million shares, up from 385.05 million shares in 2017Q4. Also, the number of funds holding Mattel Inc in top ten positions increased from 2 to 3 for an increase of 1. Sold All: 38 Reduced: 133 Increased: 94 New Position: 40.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on July, 26. They expect $2.15 earnings per share, up 6.44% or $0.13 from last year’s $2.02 per share. BIDU’s profit will be $749.77M for 31.40 P/E if the $2.15 EPS becomes a reality. After $2.25 actual earnings per share reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -4.44% negative EPS growth.

Among 27 analysts covering Baidu (NASDAQ:BIDU), 13 have Buy rating, 2 Sell and 12 Hold. Therefore 48% are positive. Baidu has $319 highest and $126 lowest target. $238.13’s average target is -11.80% below currents $270 stock price. Baidu had 71 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, January 10. Oppenheimer maintained it with “Buy” rating and $25000 target in Friday, July 28 report. Summit Research downgraded it to “Hold” rating and $150 target in Wednesday, September 30 report. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Hold” rating given on Wednesday, February 14 by Jefferies. Morgan Stanley upgraded Baidu, Inc. (NASDAQ:BIDU) on Thursday, February 15 to “Overweight” rating. Morgan Stanley downgraded Baidu, Inc. (NASDAQ:BIDU) on Tuesday, January 17 to “Equal-Weight” rating. The firm has “Buy” rating given on Monday, August 31 by Jefferies. Cantor Fitzgerald initiated Baidu, Inc. (NASDAQ:BIDU) on Monday, December 19 with “Underweight” rating. Jefferies maintained it with “Buy” rating and $305.0 target in Friday, October 20 report. The company was maintained on Monday, April 16 by Barclays Capital.

Southeastern Asset Management Inc Tn holds 6% of its portfolio in Mattel, Inc. for 37.27 million shares. Fairpointe Capital Llc owns 11.93 million shares or 3.27% of their US portfolio. Moreover, Dynamic Capital Management Ltd has 2.85% invested in the company for 87,243 shares. The Minnesota-based Speece Thorson Capital Group Inc has invested 2.63% in the stock. Ariel Investments Llc, a Illinois-based fund reported 9.87 million shares.

The stock increased 0.11% or $0.02 during the last trading session, reaching $17.63. About 4.48 million shares traded. Mattel, Inc. (MAT) has declined 31.33% since June 14, 2017 and is downtrending. It has underperformed by 43.90% the S&P500. Some Historical MAT News: ; 02/05/2018 – Franklin Templeton – Global Balanced Adds Mattel; 08/03/2018 Frida Kahlo’s great-niece in fight with Mattel over new Barbie doll; 10/05/2018 – Moody’s: Mattel’s Credit Metrics Will Remain Weak Over the Next 12-18 Mos; 25/04/2018 – Spin Master Says Suing Mattel in California in Connection With Mattel’s Sale and Marketing of Its Mecard Branded Toys; 08/05/2018 – MAT BOARD REQUESTS 13M SHRS FOR AUG. ANNUAL EQUITY GRANT AWARDS; 19/04/2018 – MATTEL SAYS GEORGIADIS TO STEP DOWN TO PURSUE NEW OPPORTUNITY; 22/05/2018 – Fitch Rates Mattel’s New Unsecured Notes ‘BB’; Outlook Negative; 19/04/2018 – Mattel’s Incoming Chairman to Take Reins as Georgiadis Departs; 12/04/2018 – NY WARN NOTICE: MATTEL CLOSURE AFFECTS 143 JOBS; 03/04/2018 – MATTEL SAYS CHRISTOPHER A. SINCLAIR RETIRING FROM BOARD

Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company has market cap of $6.07 billion. The firm operates in three divisions: North America, International, and American Girl. It currently has negative earnings. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, including Barbie, Monster High, Ever After High, Polly Pocket, DC Super Hero Girl, Disney Classics, Hot Wheels, Matchbox, CARS, DC Comics, WWE Wrestling, Minecraft, Max Steel, Little Mommy, BOOMco., and Toy Story.

Ratings analysis reveals 50% of Mattel’s analysts are positive. Out of 4 Wall Street analysts rating Mattel, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $26.0 while the high is $41.0. The stock’s average target of $32.25 is 82.93% above today’s ($17.63) share price. MAT was included in 5 notes of analysts from September 19, 2016. B. Riley & Co maintained Mattel, Inc. (NASDAQ:MAT) rating on Thursday, October 20. B. Riley & Co has “Buy” rating and $41.0 target. M Partners upgraded the stock to “Buy” rating in Monday, October 10 report. Stifel Nicolaus maintained Mattel, Inc. (NASDAQ:MAT) rating on Friday, January 27. Stifel Nicolaus has “Hold” rating and $26.0 target. On Monday, February 13 the stock rating was initiated by Goldman Sachs with “Neutral”.

Mattel, Inc. (NASDAQ:MAT) Institutional Positions Chart