Oppenheimer & Co. Inc. maintained its stake in Cheetah Mobile Inc (NASDAQ:CMCM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,022 shares of the software maker’s stock at the end of the 2nd quarter. Oppenheimer & Co. Inc.’s holdings in Cheetah Mobile were worth $334,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Alliancebernstein L.P. grew 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 worth $786,000 after buying an additional 4,360 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Cheetah Mobile by 50.4% during the first quarter. Goldman Sachs Group Inc. now owns 16,591 shares of the software maker’s stock worth $178,000 after buying an additional 5,560 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Cheetah Mobile by 16.2% during the first quarter. BNP Paribas Arbitrage SA now owns 59,667 shares of the software maker’s stock worth $641,000 after buying an additional 8,328 shares in the last quarter. Credit Suisse AG acquired a new stake in Cheetah Mobile during the first quarter worth approximately $124,000. Finally, Prudential Financial Inc. acquired a new stake in Cheetah Mobile during the second quarter worth approximately $126,000.

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A number of equities research analysts recently issued reports on CMCM shares. Zacks Investment Research raised Cheetah Mobile from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Monday, May 29th. BidaskClub raised Cheetah Mobile from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Nomura increased their price target on Cheetah Mobile from $11.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 23rd. TheStreet raised Cheetah Mobile from a “d+” rating to a “c-” rating in a research report on Monday, May 22nd. Finally, Instinet reissued a “neutral” rating and set a $12.00 price target (up previously from $11.50) on shares of Cheetah Mobile in a research report 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 company presently has an average rating of “Buy” and a consensus price target of $12.00.

Shares of Cheetah Mobile Inc (NASDAQ:CMCM) opened at 9.67 on Monday. Cheetah Mobile Inc has a one year low of $8.91 and a one year high of $13.79. The firm has a 50 day moving average price of $10.31 and a 200-day moving average price of $10.83. The firm has a market cap of $1.35 billion and a P/E ratio of 41.32.

Cheetah Mobile (NASDAQ:CMCM) last issued its earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Cheetah Mobile had a net margin of 6.11% and a return on equity of 8.91%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the firm posted ($0.44) EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts forecast that Cheetah Mobile Inc will post $0.43 earnings per share for the current year.

About Cheetah Mobile

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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