Alliancebernstein L.P. Has $874,000 Position in Cheetah Mobile Inc (CMCM)

Alliancebernstein L.P. boosted its stake in shares of Cheetah Mobile Inc (NASDAQ:CMCM) by 10.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,080 shares of the software maker’s stock after acquiring an additional 7,850 shares during the quarter. Alliancebernstein L.P. owned 0.06% of Cheetah Mobile worth $874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. TB Alternative Assets Ltd. boosted its holdings in Cheetah Mobile by 313.9% during the 2nd quarter. TB Alternative Assets Ltd. now owns 716,810 shares of the software maker’s stock valued at $7,727,000 after acquiring an additional 543,610 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Cheetah Mobile by 178.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 309,979 shares of the software maker’s stock valued at $3,327,000 after acquiring an additional 198,644 shares during the period. Schroder Investment Management Group boosted its holdings in Cheetah Mobile by 231.6% during the 2nd quarter. Schroder Investment Management Group now owns 228,382 shares of the software maker’s stock valued at $2,492,000 after acquiring an additional 159,516 shares during the period. Morgan Stanley boosted its holdings in Cheetah Mobile by 520.7% during the 1st quarter. Morgan Stanley now owns 161,667 shares of the software maker’s stock valued at $1,736,000 after acquiring an additional 135,619 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Cheetah Mobile by 15.4% during the 2nd 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 period.

CMCM has been the subject of several analyst reports. Zacks Investment Research upgraded Cheetah Mobile from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a report on Monday, August 28th. BidaskClub cut Cheetah Mobile from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Credit Suisse Group initiated coverage on Cheetah Mobile in a report on Tuesday, October 3rd. They set a “neutral” rating and a $9.50 target price for the company. Nomura increased their target price on Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, August 23rd. Finally, Instinet restated a “neutral” rating and set a $12.00 target price (up from $11.50) on shares of Cheetah Mobile in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. Cheetah Mobile has a consensus rating of “Hold” and an average target price of $11.38.

Shares of Cheetah Mobile Inc (CMCM) opened at 9.06 on Monday. The stock has a market cap of $1.26 billion and a PE ratio of 38.23. The firm has a 50-day moving average price of $8.76 and a 200 day moving average price of $10.31. Cheetah Mobile Inc has a 12-month low of $7.54 and a 12-month high of $13.79.

Cheetah Mobile (NASDAQ:CMCM) last announced its earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. Cheetah Mobile had a return on equity of 8.91% and a net margin of 6.11%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business earned ($0.44) earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities research analysts expect that Cheetah Mobile Inc will post $0.42 earnings per share for the current year.

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Cheetah Mobile Company 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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Institutional Ownership by Quarter for Cheetah Mobile (NASDAQ:CMCM)

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