BNP Paribas Arbitrage SA trimmed its holdings in shares of Cheetah Mobile Inc (NASDAQ:CMCM) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,701 shares of the software maker’s stock after selling 2,966 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cheetah Mobile were worth $611,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Alliancebernstein L.P. boosted its position in Cheetah Mobile by 6.3% during the first quarter. Alliancebernstein L.P. now owns 73,230 shares of the software maker’s stock valued at $786,000 after buying an additional 4,360 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Cheetah Mobile by 50.4% during the first quarter. Goldman Sachs Group Inc. now owns 16,591 shares of the software maker’s stock valued at $178,000 after acquiring an additional 5,560 shares during the last quarter. Credit Suisse AG bought a new position in shares of Cheetah Mobile during the first quarter valued at about $124,000. First Trust Advisors LP raised its stake in shares of Cheetah Mobile by 15.4% during the second quarter. First Trust Advisors LP now owns 149,508 shares of the software maker’s stock valued at $1,612,000 after acquiring an additional 19,926 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Cheetah Mobile during the first quarter valued at about $231,000.
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Cheetah Mobile Inc (NASDAQ CMCM) opened at 9.42 on Wednesday. The stock’s 50 day moving average is $10.47 and its 200 day moving average is $10.85. The company has a market capitalization of $1.31 billion and a P/E ratio of 40.26. Cheetah Mobile Inc has a 52 week low of $8.91 and a 52 week high of $13.79.
Cheetah Mobile (NASDAQ:CMCM) last released its earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.06. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Cheetah Mobile had a return on equity of 8.91% and a net margin of 6.11%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.44) EPS. On average, equities research analysts expect that Cheetah Mobile Inc will post $0.43 earnings per share for the current year.
Several equities analysts have recently commented on CMCM shares. BidaskClub raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, June 20th. TheStreet raised shares of Cheetah Mobile from a “d+” rating to a “c-” rating in a research note on Monday, May 22nd. Finally, Instinet reaffirmed a “neutral” rating and set a $12.00 price objective (up from $11.50) on shares of Cheetah Mobile in a research note on Wednesday, August 23rd. Three investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $12.00.
Cheetah Mobile Profile
Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.
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