Wilkins Investment Counsel Has Raised Its Holding in Logmein (LOGM) by $1.71 Million as Valuation Rose; Hedeker Wealth Management Group Position in Baidu F (BIDU) Has Trimmed as Share Value Rose

February 21, 2018 - By Ellis Scott

Wilkins Investment Counsel Inc increased its stake in Logmein Inc. (LOGM) by 118.72% based on its latest 2017Q3 regulatory filing with the SEC. Wilkins Investment Counsel Inc bought 15,570 shares as the company’s stock rose 17.94% with the market. The institutional investor held 28,685 shares of the technology company at the end of 2017Q3, valued at $3.16M, up from 13,115 at the end of the previous reported quarter. Wilkins Investment Counsel Inc who had been investing in Logmein Inc. for a number of months, seems to be bullish on the $6.14B market cap company. The stock decreased 0.72% or $0.85 during the last trading session, reaching $116.55. About 862,420 shares traded or 52.18% up from the average. LogMeIn, Inc. (NASDAQ:LOGM) has risen 101.86% since February 21, 2017 and is uptrending. It has outperformed by 85.16% the S&P500.

Hedeker Wealth Management Group Llc decreased its stake in Baidu Inc F (BIDU) by 58.51% based on its latest 2017Q3 regulatory filing with the SEC. Hedeker Wealth Management Group Llc sold 2,115 shares as the company’s stock rose 1.94% with the market. The institutional investor held 1,500 shares of the technology company at the end of 2017Q3, valued at $371,000, down from 3,615 at the end of the previous reported quarter. Hedeker Wealth Management Group Llc who had been investing in Baidu Inc F for a number of months, seems to be less bullish one the $85.97 billion market cap company. The stock increased 0.61% or $1.49 during the last trading session, reaching $246.92. About 2.27 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since February 21, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 3 Sell and 12 Hold. Therefore 38% are positive. Baidu had 61 analyst reports since July 28, 2015 according to SRatingsIntel. On Wednesday, February 14 the stock rating was upgraded by Daiwa Securities to “Outperform”. JP Morgan upgraded Baidu, Inc. (NASDAQ:BIDU) on Monday, January 9 to “Neutral” rating. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Buy” rating by Oppenheimer on Friday, July 28. As per Friday, October 28, the company rating was downgraded by Credit Suisse. The firm earned “Hold” rating on Friday, July 29 by TH Capital. Bernstein initiated it with “Underperform” rating and $150 target in Wednesday, January 11 report. The firm earned “Hold” rating on Wednesday, February 14 by Jefferies. The firm has “Underperform” rating by Credit Agricole given on Tuesday, July 28. TH Capital maintained the stock with “Buy” rating in Tuesday, October 27 report. Jefferies maintained the stock with “Buy” rating in Friday, October 27 report.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on April, 26. They expect $1.11 earnings per share, up 68.18% or $0.45 from last year’s $0.66 per share. BIDU’s profit will be $386.46 million for 55.61 P/E if the $1.11 EPS becomes a reality. After $1.90 actual earnings per share reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -41.58% negative EPS growth.

Hedeker Wealth Management Group Llc, which manages about $195.00 million and $113.63 million US Long portfolio, upped its stake in Keycorp Com (NYSE:KEY) by 39,126 shares to 180,159 shares, valued at $3.39M in 2017Q3, according to the filing. It also increased its holding in Praxair Inc Cm (NYSE:PX) by 3,543 shares in the quarter, for a total of 14,184 shares, and has risen its stake in Ishares Core Us Aggregate Bond Etf (AGG).

Since September 11, 2017, it had 0 buys, and 2 sales for $2.58 million activity. $2.24M worth of LogMeIn, Inc. (NASDAQ:LOGM) shares were sold by Simon Michael K.

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.31, from 1.02 in 2017Q2. It improved, as 33 investors sold LOGM shares while 100 reduced holdings. 50 funds opened positions while 127 raised stakes. 51.03 million shares or 4.65% more from 48.76 million shares in 2017Q2 were reported. Invesco Ltd invested in 0.04% or 1.04 million shares. Parametric Portfolio holds 0.01% or 112,955 shares in its portfolio. 143,802 were reported by Morgan Stanley. Kings Point Cap Mngmt holds 11,477 shares. Amica Pension Fund Board Of Trustees invested in 0.02% or 1,551 shares. Livforsakringsbolaget Skandia Omsesidigt reported 996 shares. Perigon Wealth Mngmt Llc holds 3 shares. Amer Century Cos accumulated 0.13% or 1.16 million shares. Wellington Gru Llp invested in 0.01% or 284,227 shares. Nj State Employees Deferred Compensation Plan invested 0.07% in LogMeIn, Inc. (NASDAQ:LOGM). Moreover, Riverhead Cap Management Ltd Liability Corporation has 0.02% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 4,365 shares. Massachusetts Fincl Services Company Ma has 1.23 million shares. Moreover, Tortoise Invest Lc has 0.01% invested in LogMeIn, Inc. (NASDAQ:LOGM). Parkside Bank & Trust holds 146 shares. Nordea Inv Mgmt Ab invested in 0% or 11,612 shares.

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