Baidu (BIDU) Stock Price Rose While Aravt Global Has Increased Stake by $14.33 Million; As Apple (AAPL) Shares Rose, Arrowgrass Capital Partners Llp Raised Its Stake by $21.31 Million

February 22, 2018 - By Winifred Garcia

Aravt Global Llc increased its stake in Baidu Inc (BIDU) by 41.43% based on its latest 2017Q3 regulatory filing with the SEC. Aravt Global Llc bought 58,000 shares as the company’s stock rose 1.94% with the market. The institutional investor held 198,000 shares of the technology company at the end of 2017Q3, valued at $49.04M, up from 140,000 at the end of the previous reported quarter. Aravt Global Llc who had been investing in Baidu Inc for a number of months, seems to be bullish on the $85.97B market cap company. The stock increased 0.61% or $1.49 during the last trading session, reaching $246.92. About 2.42 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since February 22, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Arrowgrass Capital Partners Llp increased its stake in Apple Inc (AAPL) by 368.97% based on its latest 2017Q3 regulatory filing with the SEC. Arrowgrass Capital Partners Llp bought 138,365 shares as the company’s stock rose 12.78% with the market. The hedge fund held 175,865 shares of the computer manufacturing company at the end of 2017Q3, valued at $27.10 million, up from 37,500 at the end of the previous reported quarter. Arrowgrass Capital Partners Llp who had been investing in Apple Inc for a number of months, seems to be bullish on the $868.01 billion market cap company. The stock decreased 0.45% or $0.78 during the last trading session, reaching $171.07. About 37.47 million shares traded or 8.45% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 22, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. 7,040 are held by Jasper Ridge L P. Va owns 1,561 shares. Lazard Asset Management Ltd Limited Liability Company accumulated 3.74M shares. Teachers Retirement Sys Of The State Of Kentucky holds 1.16 million shares. Stoneridge Ltd Liability Corp reported 172,693 shares. Violich Capital Inc reported 112,282 shares stake. Strategic Wealth Advsr Gru holds 1.48% or 58,904 shares in its portfolio. Retirement Of Alabama reported 2.78% of its portfolio in Apple Inc. (NASDAQ:AAPL). Boyd Watterson Asset Mgmt Limited Liability Corporation Oh has invested 1.59% in Apple Inc. (NASDAQ:AAPL). Asset holds 0.14% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 4,979 shares. Verus Financial Prns Incorporated reported 4,988 shares. Jp Marvel Inv Ltd Limited Liability Company reported 2.8% in Apple Inc. (NASDAQ:AAPL). Ltd Ca holds 128,699 shares. Evercore Wealth Management Ltd reported 3.47% of its portfolio in Apple Inc. (NASDAQ:AAPL). Usca Ria Ltd Liability Company accumulated 46,358 shares.

Since August 24, 2017, it had 0 insider purchases, and 6 sales for $27.32 million activity. 56,808 shares were sold by SCHILLER PHILIP W, worth $8.79 million on Tuesday, October 3. $2.65M worth of stock was sold by Riccio Daniel J. on Thursday, December 7. Srouji Johny also sold $948,612 worth of Apple Inc. (NASDAQ:AAPL) on Monday, August 28. AHRENDTS ANGELA J sold $9.78 million worth of stock.

Arrowgrass Capital Partners Llp, which manages about $14.76 billion and $378.22M US Long portfolio, decreased its stake in Snap Inc by 85,500 shares to 244,000 shares, valued at $3.55 million in 2017Q3, according to the filing.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 378 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, November 3. RBC Capital Markets has “Buy” rating and $190.0 target. Nomura maintained the shares of AAPL in report on Wednesday, September 13 with “Buy” rating. The stock has “Buy” rating by Canaccord Genuity on Friday, November 3. The rating was maintained by Credit Suisse with “Outperform” on Monday, April 4. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, October 28 by Oppenheimer. The firm has “Neutral” rating by Instinet given on Tuesday, December 19. BTIG Research maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, July 27 with “Buy” rating. The firm earned “Buy” rating on Tuesday, January 2 by Piper Jaffray. Cowen & Co maintained the shares of AAPL in report on Tuesday, December 22 with “Market Perform” rating. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, August 2 by Robert W. Baird.

Aravt Global Llc, which manages about $1.01B US Long portfolio, decreased its stake in Restaurant Brands Intl Inc by 747,000 shares to 837,000 shares, valued at $53.47M in 2017Q3, according to the filing. It also reduced its holding in Transdigm Group Inc (NYSE:TDG) by 82,000 shares in the quarter, leaving it with 427,000 shares, and cut its stake in Cdk Global Inc (NASDAQ:CDK).

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