Nvidia (NVDA) Shareholder Plante Moran Financial Advisors Has Increased Its Holding by …

Newport Asia Llc increased its stake in Alibaba Group Holding (BABA) by 3.3% based on its latest 2018Q3 regulatory filing with the SEC. Newport …

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Newport Asia Llc increased its stake in Alibaba Group Holding (BABA) by 3.3% based on its latest 2018Q3 regulatory filing with the SEC. Newport Asia Llc bought 36,500 shares as the company’s stock declined 3.15% with the market. The institutional investor held 1.14 million shares of the business services company at the end of 2018Q3, valued at $188.45M, up from 1.11 million at the end of the previous reported quarter. Newport Asia Llc who had been investing in Alibaba Group Holding for a number of months, seems to be bullish on the $430.69 billion market cap company. The stock decreased 1.32% or $2.23 during the last trading session, reaching $166.15. About 12.10M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has declined 13.21% since February 16, 2018 and is downtrending. It has underperformed by 13.21% the S&P500. Some Historical BABA News: 07/03/2018 – WANDISCO PLC WAND.L – TO BE EMBEDDED AS A STANDARD COMPONENT IN SELECTED ALIBABA CLOUD SOLUTIONS; 26/04/2018 – JIM CHANOS SAYS NO LONGER SHORT ON ALIBABA – CNBC; 17/04/2018 – IGNORE:ALIBABA-BACKED PRENETICS BUYING DNAFIT ANNOUNCED APR. 16; 09/05/2018 – SoftBank: Logs Y630.19B in Alibaba-Related Derivative Losses in FY2017; 04/04/2018 – The deal consolidates the resources of the two firms, which are backed by Chinese gaming and social media giant Tencent, as Mobike faces off against Alibaba-backed Ofo; 09/04/2018 – China’s SenseTime valued at $4.5 bln after $600 mln funding led by Alibaba; 01/05/2018 – Alibaba, Tencent and Baidu turn sights on short video; 23/05/2018 – ANT FINANCIAL SAYS IT WILL WORK WITH CHINA EVERBRIGHT BANK TO HELP IT DEVELOP AREAS SUCH AS PRIVATE AND HYBRID CLOUD PLATFORMS, INTERNET FINANCE AND Al-DRIVEN APPLICATIONS; 10/04/2018 – Alibaba founder Jack Ma says friction between U.S. and China to be expected; 13/04/2018 – ANALYSIS-Trade war or not, China is closing the gap on U.S. in technology IP race

Plante Moran Financial Advisors Llc increased its stake in Nvidia Corp (NVDA) by 1216.33% based on its latest 2018Q3 regulatory filing with the SEC. Plante Moran Financial Advisors Llc bought 1,192 shares as the company’s stock declined 44.72% with the market. The institutional investor held 1,290 shares of the semiconductors company at the end of 2018Q3, valued at $363,000, up from 98 at the end of the previous reported quarter. Plante Moran Financial Advisors Llc who had been investing in Nvidia Corp for a number of months, seems to be bullish on the $95.98 billion market cap company. The stock increased 1.82% or $2.81 during the last trading session, reaching $157.34. About 37.92 million shares traded or 98.96% up from the average. NVIDIA Corporation (NASDAQ:NVDA) has declined 20.90% since February 16, 2018 and is downtrending. It has underperformed by 20.90% the S&P500. Some Historical NVDA News: 27/03/2018 – NVDA: Breaking: Nvidia has just confirmed with me that it is suspending self-driving car testing on public roads following the recent Uber fatality. – ! $NVDA; 10/05/2018 – NVIDIA SAYS GPU SUPPLY WAS TIGHT, NOW EASING; 10/05/2018 – CNBC’s Jim Cramer praises Nvidia CEO and co-founder Jensen Huang ahead of the computer chipmaker’s quarterly earnings after Thursday’s closing bell; 19/04/2018 – Taiwan Semiconductor Manufacturing (TSMC) is the largest semiconductor foundry company in the world and also makes chips for leading technology firms such as Apple and Nvidia; 10/05/2018 – Nvidia’s Good Year Looks Even Better as AI, Games Fuel Sales; 04/04/2018 – NeuLion’s MainConcept Business Enables HEVC/H.265 Encoding with NVIDIA Technology; 30/05/2018 – Supermicro Shows Industry’s First Scale-Up Al and Machine Learning Systems based on the Latest Generation CPUs and NVIDIA Tesla V100 with NVLink GPUs for Superior Performance and Density; 27/03/2018 – U.S. opens probe into fatal Tesla crash, fire in California; 27/03/2018 – Chipmaker Nvidia will suspend self-driving tests globally after a fatal crash involving an Uber self-driving vehicle; 27/03/2018 – Supermicro’s New Scale-Up Artificial Intelligence and Machine Learning Systems with 8 NVIDIA Tesla V100 with NVLink GPUs Delive

Plante Moran Financial Advisors Llc, which manages about $10.58B and $307.51M US Long portfolio, decreased its stake in Mcdonald’s Corp (NYSE:MCD) by 9,913 shares to 2,382 shares, valued at $399,000 in 2018Q3, according to the filing. It also reduced its holding in Ishares Russell 1000 (IWB) by 3,090 shares in the quarter, leaving it with 32,415 shares, and cut its stake in Jetblue Airways Corp (NASDAQ:JBLU).

Since September 4, 2018, it had 0 buys, and 6 insider sales for $33.34 million activity. The insider Kress Colette sold 889 shares worth $131,496. 43 shares were sold by Byron Michael, worth $12,046. Another trade for 90,831 shares valued at $26.28M was sold by Puri Ajay K.

Among 49 analysts covering Nvidia Corporation (NASDAQ:NVDA), 32 have Buy rating, 4 Sell and 13 Hold. Therefore 65% are positive. Nvidia Corporation had 238 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Goldman Sachs with “Buy” on Friday, May 11. The stock has “Buy” rating by SunTrust on Tuesday, March 27. The rating was maintained by M Partners on Wednesday, December 30 with “Buy”. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Overweight” rating given on Tuesday, April 10 by Morgan Stanley. On Thursday, July 6 the stock rating was maintained by Bank of America with “Buy”. Wedbush maintained it with “Outperform” rating and $30 target in Friday, February 12 report. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Overweight” rating by Barclays Capital on Thursday, May 3. The firm has “Buy” rating by Tigress Financial given on Wednesday, August 23. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Hold” rating by Topeka Capital Markets on Friday, August 7. The firm has “Buy” rating by Mizuho given on Monday, January 15.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Investorplace.com which released: “AMD Stock Will Benefit Even More with the Rise of Cloud Computing – Investorplace.com” on February 15, 2019, also Seekingalpha.com with their article: “Where’s Nvidia Going? – Seeking Alpha” published on January 29, 2019, Nasdaq.com published: “Don’t Let the Bitter Taste in Nvidia Stock Discourage You – Nasdaq” on November 23, 2018. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Nasdaq.com and their article: “Notable Friday Option Activity: CMG, NVDA, NFLX – Nasdaq” published on January 25, 2019 as well as Nasdaq.com‘s news article titled: “Zacks Earnings Trends Highlights: Apple, Caterpillar and Nvidia – Nasdaq” with publication date: February 14, 2019.

Investors sentiment decreased to 1.36 in Q3 2018. Its down 0.24, from 1.6 in 2018Q2. It is negative, as 64 investors sold NVDA shares while 312 reduced holdings. 130 funds opened positions while 380 raised stakes. 371.72 million shares or 2.91% more from 361.20 million shares in 2018Q2 were reported. 6.45 million were reported by Commercial Bank Of New York Mellon. Parallax Volatility Advisers Ltd Partnership stated it has 315,464 shares or 0.11% of all its holdings. Pillar Pacific Cap Mgmt Ltd Com, a California-based fund reported 19,595 shares. Amarillo Bankshares holds 0.2% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 1,558 shares. Blair William Co Il reported 156,021 shares. Pinnacle Financial Prtnrs stated it has 1,133 shares. Amica Mutual Insurance Company stated it has 14,357 shares or 0.42% of all its holdings. Teacher Retirement System Of Texas holds 0.44% in NVIDIA Corporation (NASDAQ:NVDA) or 224,686 shares. The Ohio-based Huntington State Bank has invested 0.01% in NVIDIA Corporation (NASDAQ:NVDA). Qs Investors Limited Liability Corporation owns 10,098 shares. Janney Montgomery Scott Llc reported 69,344 shares stake. Comm State Bank holds 18,794 shares or 0.06% of its portfolio. Harding Loevner Ltd Partnership holds 0% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 60 shares. Trexquant Invest Limited Partnership reported 22,219 shares. Chevy Chase Tru Hldg reported 914,366 shares stake.

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Seekingalpha.com which released: “Alibaba’s Stock Isn’t Finished Climbing – Seeking Alpha” on February 14, 2019, also Seekingalpha.com with their article: “Alibaba: Too Cheap Going Into Earnings – Seeking Alpha” published on January 24, 2019, Seekingalpha.com published: “Alibaba: Conservatively Undervalued By 20-30% – Seeking Alpha” on February 13, 2019. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Benzinga.com and their article: “Alibaba (NYSE:BABA) Analysts Stay Bullish After Q3 Print – Benzinga” published on February 04, 2019 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For January 30, 2019 – Benzinga” with publication date: January 30, 2019.

Among 41 analysts covering Alibaba (NYSE:BABA), 39 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 202 analyst reports since August 12, 2015 according to SRatingsIntel. As per Monday, May 7, the company rating was maintained by KeyBanc Capital Markets. The firm has “Buy” rating by Jefferies given on Friday, February 2. Robert W. Baird maintained Alibaba Group Holding Limited (NYSE:BABA) on Friday, October 27 with “Buy” rating. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Thursday, November 2 by RBC Capital Markets. The firm has “Buy” rating given on Friday, August 18 by Stifel Nicolaus. The firm has “Accumulate” rating given on Monday, January 9 by Standpoint Research. Morgan Stanley maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Tuesday, June 28. Morgan Stanley has “Overweight” rating and $130.60 target. The stock has “Buy” rating by Needham on Friday, August 18. The rating was upgraded by Raymond James on Friday, August 12 to “Strong Buy”. On Thursday, March 24 the stock rating was maintained by Deutsche Bank with “Buy”.

NVIDIA Corporation (NASDAQ:NVDA) Institutional Positions Chart

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Reddit Raises $300M in Funding

The round, which valued the company at $3 billion, was led by Tencent, with participation from Sequoia, Fidelity, Andreessen Horowitz, Quiet Capital, …

redditReddit, a San Francisco-based social media platform, raised $300m in funding.

The round, which valued the company at $3 billion, was led by Tencent, with participation from Sequoia, Fidelity, Andreessen Horowitz, Quiet Capital, VY and Snoop Dogg.

Led by co-founder and CEO Steve Huffman and Chief Operating Officer Jen Wong, Reddit is a social media service aiming to be home of thousands of communities, conversation, and authentic human connection.

It works by allowing every day millions of people around the world to post, vote, and comment in communities organized around their interests. The community can share content by posting stories, links, images, and videos, comments on posts, which can be upvoted or downvoted.

The site has 330M+ monthly active users generating 14 billion average screenviews per month.

FinSMEs

15/02/2019

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China is the World’s Next Silicon Valley | Opinion

Just five years ago Europe and Asia were neck and neck in terms of investment, according to PwC CB Insights Money Tree research. In 2013, Europe …

China has long been tipped to be the next Silicon Valley but now the finances and support are in place to make it happen.

There is a growing consensus that while Silicon Valley is not about to disappear any time soon, its next biggest rival is already on the verge of bursting onto the international scene—not in the US, nor in the EU, but rather in Asia. More specifically, China.

This is not just an observation based on the rise of the likes Alibaba, Baidu and Tencent. It is grounded in a more widespread move to fund start-ups in Asia to the point where more money is being invested there than in Europe.

It is also based on a growing feeling among tech entrepreneurs in the US that Silicon Valley may have heated up a little too much. Certainly, Russell Hancock, head of think tank Joint Venture Silicon Valley, recently told The Telegraph that “winter is coming”. The cost of living has shot through the roof in San Jose and there is a widespread fear US tech companies are soon to feel the sting of global regulation.

Just five years ago Europe and Asia were neck and neck in terms of investment, according to PwC CB Insights Money Tree research.

In 2013, Europe made slightly more deals, 1,550 compared to Asia’s 1,071 but the total value of investments was $7bn. Just five years later Asia is now four times the size of Europe with twice as many deals carried out.

Between 2013 to 2018 the number of deals in Asia increased nearly fivefold, and their value leapt to $81bn, compared to the $21bn raised in Europe. The Asian figure also shows that the continent is closing the gap on the US which saw $102bn worth of deals.

This is having a massive effect on the ground. Information Age recently pointed out around half of the total investment made in AI last year went to China.

One of the main reasons that makes the country so attractive is not just the huge growth in investment and high education standards, but also local and national governments are far more supportive of technology than elsewhere in the world. This backing stretches from national strategies and tech-friendly policies to actually investing in companies themselves.

In fact, one of the conclusions of a recent Fortune tech conference was that China’s tech companies will soon be beating American companies on their home turf. One of the reasons is that investors believe US immigration policy is making it more difficult for the best talent from around the world to find work there. That should mean China holds on to most of its top bright, young people. Due to the huge influx of investment in the country, Chinese companies are now able to start paying salaries that can keep pace with those on offer in Silicon Valley.

Hence, when Ian Roger, Chief Digital Officer at luxury group LVMH was asked by the South China Morning Post where he thought the next Facebook or Google would come from, he suggested it would be a close call between Silicon Valley or China. The latter had the investment that is needed as well as a hard work culture of a six-day week. It also has a superb education system and a huge population.

If there is a rallying cry for this movement to embrace technology, Bloomberg defines it as the China 2025 initiative which is currently seeing tax breaks, subsidised office space and reimbursements on salaries offered from central government. Some 156 Individual cities and states also have their own schemes to further encourage tech. Beijing, for example, recently unveiled a $2bn research centre dedicated solely to AI.

As Silicon Valley appears to be heating up a little too hard for some people, China would appear to be warming up at just the right pace.

Clement Cao is the Co-Founder, Executive Director and President of Mobvista.

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3M Company (MMM) Shareholder Ami Asset Management Lowered Stake as Stock Price Declined …

Some Historical MMM News: 04/04/2018 – 3M Selects C3 IoT As Strategic Al Software Platform; 08/03/2018 – Minnesota AG: Summary of 3M …

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Ami Asset Management Corp decreased its stake in 3M Company (MMM) by 1.72% based on its latest 2018Q3 regulatory filing with the SEC. Ami Asset Management Corp sold 1,669 shares as the company’s stock declined 6.86% with the market. The hedge fund held 95,545 shares of the medical and dental instruments company at the end of 2018Q3, valued at $20.13M, down from 97,214 at the end of the previous reported quarter. Ami Asset Management Corp who had been investing in 3M Company for a number of months, seems to be less bullish one the $118.00B market cap company. The stock decreased 1.61% or $3.35 during the last trading session, reaching $204.93. About 2.23M shares traded. 3M Company (NYSE:MMM) has declined 17.47% since February 15, 2018 and is downtrending. It has underperformed by 17.47% the S&P500. Some Historical MMM News: 04/04/2018 – 3M Selects C3 IoT As Strategic Al Software Platform; 08/03/2018 – Minnesota AG: Summary of 3M Settlement; 01/05/2018 – LAUNCH: ANZ BANK NEW 5-YR BENCHMARK DEAL AT 3M BBSW +93BP AREA; 24/04/2018 – 3M 1Q EPS 98c; 16/03/2018 – Canada 3M CDOR Yield at 1.75% by End-2Q vs 1.74% Prior (Survey); 30/05/2018 – 3M INDIA 4Q REVENUE 6.79B RUPEES VERSUS 6.48B RUPEES; 24/04/2018 – 3M CO – UPDATED ITS 2018 ORGANIC LOCAL-CURRENCY SALES GROWTH GUIDANCE TO BE IN THE RANGE OF 3 TO 4 PERCENT, VERSUS A PRIOR RANGE OF 3 TO 5 PERCENT; 03/05/2018 – 3M’s New Single-Patient Stethoscope Fills lmmense Auscultation Quality Gap for Clinicians Treating Patients in lsolation; 17/05/2018 – China 3M Shibor Yield at 4.10% by End-2Q18 (Survey); 03/04/2018 – Consum Prod Sfty: Scotch Thermal Laminators Recalled by 3M Due to Burn Hazard

Nokota Management Lp decreased its stake in Jd Com Inc (Call) (JD) by 45.36% based on its latest 2018Q3 regulatory filing with the SEC. Nokota Management Lp sold 415,000 shares as the company’s stock declined 22.69% with the market. The hedge fund held 500,000 shares of the consumer services company at the end of 2018Q3, valued at $13.05M, down from 915,000 at the end of the previous reported quarter. Nokota Management Lp who had been investing in Jd Com Inc (Call) for a number of months, seems to be less bullish one the $35.20 billion market cap company. The stock decreased 1.14% or $0.28 during the last trading session, reaching $24.33. About 10.13 million shares traded. JD.com, Inc. (NASDAQ:JD) has declined 46.21% since February 15, 2018 and is downtrending. It has underperformed by 46.21% the S&P500. Some Historical JD News: 16/03/2018 – US News: JD.com’s Finance Unit Aims to Raise $1.9 Billion, Valuation Set to Double; 16/03/2018 – The fundraising by JD Finance kicked off late last year and is expected to be finalized in the coming weeks; 18/04/2018 – China’s JD.com makes push to lure European luxury brands; 09/05/2018 – JD.com and iQlYl Joint Membership Program Attracts a Combined One Million Users in the First Week; 08/05/2018 – JD Com 1Q Adj EPS 11c; 08/05/2018 – JD.COM SEES 2Q REV. 120B YUAN TO 124B YUAN; 08/05/2018 – JD.COM INC – ANNUAL ACTIVE CUSTOMER ACCOUNTS INCREASED BY 27.6% TO 301.8 MLN IN TWELVE MONTHS ENDED MARCH 31, 2018; 29/05/2018 – JD.com tests L4 autonomous truck in US, sources say; 08/05/2018 – EXCLUSIVE-Walmart’s grocery delivery partnerships with Uber, Lyft fail to take off; 29/03/2018 – China’s HNA and JD.com team on e-commerce logistics

Analysts await JD.com, Inc. (NASDAQ:JD) to report earnings on March, 1. They expect $-0.11 earnings per share, down 10.00% or $0.01 from last year’s $-0.1 per share. After $0.02 actual earnings per share reported by JD.com, Inc. for the previous quarter, Wall Street now forecasts -650.00% negative EPS growth.

Among 23 analysts covering JD.com (NASDAQ:JD), 12 have Buy rating, 0 Sell and 11 Hold. Therefore 52% are positive. JD.com had 63 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by KeyBanc Capital Markets on Monday, November 13. The rating was maintained by Bernstein with “Hold” on Wednesday, January 31. The firm has “Buy” rating by KeyBanc Capital Markets given on Friday, April 20. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, August 17 report. The firm has “Overweight” rating by Morgan Stanley given on Thursday, December 17. UBS downgraded JD.com, Inc. (NASDAQ:JD) on Thursday, January 31 to “Neutral” rating. The stock of JD.com, Inc. (NASDAQ:JD) has “Sector Weight” rating given on Monday, October 29 by KeyBanc Capital Markets. The firm earned “Buy” rating on Tuesday, December 15 by M Partners. The rating was maintained by Jefferies on Thursday, August 11 with “Buy”. The firm earned “Buy” rating on Tuesday, October 3 by Jefferies.

More notable recent JD.com, Inc. (NASDAQ:JD) news were published by: Fool.com which released: “Are the Bulls Right About JD.com’s Upside Potential? – The Motley Fool” on January 24, 2019, also Investorplace.com with their article: “The 3 Best Chinese Stocks to Buy for a Long-Term Portfolio – Investorplace.com” published on February 12, 2019, Nasdaq.com published: “Market Close Report: NASDAQ Composite index closes at 7,402.08 up 54.54 points – Nasdaq” on February 05, 2019. More interesting news about JD.com, Inc. (NASDAQ:JD) were released by: Nasdaq.com and their article: “Go-Jek raises $1 bln in round led by Google, Tencent, JD – Nasdaq” published on February 01, 2019 as well as Nasdaq.com‘s news article titled: “JD.com, Inc. (JD) Outpaces Stock Market Gains: What You Should Know – Nasdaq” with publication date: February 12, 2019.

Nokota Management Lp, which manages about $1.60B and $6.39 billion US Long portfolio, upped its stake in Jd Com Inc (NASDAQ:JD) by 1.15M shares to 2.07 million shares, valued at $53.88M in 2018Q3, according to the filing. It also increased its holding in Micron Technology Inc (Call) (NASDAQ:MU) by 100,000 shares in the quarter, for a total of 400,000 shares, and has risen its stake in Citizens Finl Group Inc (NYSE:CFG).

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M Company: 2019 To Be A Likely Dissappointment – Seeking Alpha” on January 20, 2019, also Seekingalpha.com with their article: “3M Q4 2018 Earnings Preview – Seeking Alpha” published on January 28, 2019, Seekingalpha.com published: “3M +2.2% after Q4 beat, trimming guidance – Seeking Alpha” on January 29, 2019. More interesting news about 3M Company (NYSE:MMM) were released by: 247Wallst.com and their article: “Earnings Preview: How 3M Could Rock the Dow – 24/7 Wall St.” published on January 28, 2019 as well as Seekingalpha.com‘s news article titled: “3M Company 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” with publication date: January 29, 2019.

Investors sentiment increased to 1.03 in Q3 2018. Its up 0.06, from 0.97 in 2018Q2. It is positive, as 47 investors sold MMM shares while 535 reduced holdings. 117 funds opened positions while 480 raised stakes. 371.40 million shares or 0.76% less from 374.25 million shares in 2018Q2 were reported. Moreover, Wells Fargo Mn has 0.41% invested in 3M Company (NYSE:MMM) for 6.82 million shares. Fdx Advsrs reported 17,735 shares or 0.14% of all its holdings. Chicago Equity Prns Limited Liability has 0.01% invested in 3M Company (NYSE:MMM). Jupiter Asset Management reported 4,145 shares or 0.02% of all its holdings. Fruth Investment Mgmt has 0.78% invested in 3M Company (NYSE:MMM) for 9,135 shares. Halsey Associates Ct has invested 0.21% in 3M Company (NYSE:MMM). Company Of Virginia Va reported 13,268 shares. Cibc Savings Bank Usa reported 7,472 shares. Eaton Vance Mngmt holds 1.04M shares or 0.48% of its portfolio. Sg Americas Secs Limited Liability Company holds 0.13% or 84,665 shares in its portfolio. Somerville Kurt F reported 3.28% in 3M Company (NYSE:MMM). 115,557 were reported by Gamble Jones Investment Counsel. Moreover, Metropolitan Life Ins Co Ny has 0.46% invested in 3M Company (NYSE:MMM). Ronna Sue Cohen holds 1.64% of its portfolio in 3M Company (NYSE:MMM) for 10,857 shares. National Bank & Trust has invested 0.65% in 3M Company (NYSE:MMM).

Ami Asset Management Corp, which manages about $1.42 billion and $1.47 billion US Long portfolio, upped its stake in Science Applications Intl Corp (NYSE:SAIC) by 51,536 shares to 151,592 shares, valued at $12.22 million in 2018Q3, according to the filing. It also increased its holding in Multi Color Corp Com (NASDAQ:LABL) by 29,071 shares in the quarter, for a total of 227,721 shares, and has risen its stake in Healthcare Svcs Gp Inc Com (NASDAQ:HCSG).

Among 17 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 7 Hold. Therefore 41% are positive. 3M had 107 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 24 by Citigroup. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, October 5 report. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, July 25. The rating was maintained by RBC Capital Markets on Friday, July 24 with “Underperform”. The rating was maintained by Morgan Stanley on Wednesday, July 26 with “Underweight”. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by Stifel Nicolaus on Wednesday, December 14. UBS maintained the stock with “Neutral” rating in Thursday, August 30 report. The firm has “Buy” rating by Citigroup given on Wednesday, October 25. The rating was maintained by Jefferies with “Buy” on Monday, August 14. Jefferies maintained the shares of MMM in report on Tuesday, April 12 with “Buy” rating.

3M Company (NYSE:MMM) Institutional Positions Chart

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Reddit Lands £116 Million From Chinese language Censorship Big Tencent as Customers Name BS

In addition to Tencent, Reddit also raised $150 million from a group of other investors that includes Andreessen Horowitz, Sequoia, Fidelity, and …

Reddit has raised a $300 million (£233 million) investment round led by a $150 million (£116 million) cash injection from the Chinese tech titan Tencent. Meanwhile, the San Francisco-based social media site, valued at $3 billion (£2.3 billion) and ranked as the sixth most popular website in the United States, is still banned in China.

In addition to Tencent, Reddit also raised $150 million from a group of other investors that includes Andreessen Horowitz, Sequoia, Fidelity, and Snoop Dogg, reports Reuters.

The news triggered backlash from Reddit users who posted content that is banned by China’s government onto the US-based site. Thousands of viewers saw pictures of the 1989 Tiananmen Square pro-democracy rally, a protest and subsequent government crackdown that’s famously banned inside China. Other protest posts included pro-Taiwan messages and criticism of Chinese president Xi Jinping.

Many redditors also posted Winnie the Pooh, an unlikely but prominent recent victim of Chinese censorship. Critics of Xi said the head of China’s Communist Party looked like the cartoon bear when he was in negotiations with US President Barack Obama. The comparison birthed thousands of memes and eventually led to an outright national ban.

Tencent is an active and aggressive global investor with over 600 such deals in a diverse set of companies around the world including a handful of American firms that are also banned in China. But Reddit and Tencent are strange bedfellows due to Reddit’s historic reference to freedom of speech as core to its mission while Tencent is one of the most important architects of the Great Firewall of China, the most sophisticated censorship regime in history.

As Adrian Shahbaz, the Research Director for Technology and Democracy at rights watchdog Freedom House, told Gizmodo earlier this month, China’s censorship apparatus is largely misunderstood. It is not, as one might imagine, a “this huge thing the state has built,” Shahbaz said. Instead, it’s companies like Tencent that are “in charge of weeding out unfavourable information online.”

Tencent stands to profit off of Reddit’s success while its own social media brands, including the messenger QQ and the WeChat app, are subject to cutting-edge surveillance and censorship developed by Tencent at the behest of the Beijing government.

Researchers at Canada’s Citizen Lab recently reported on Tencent’s invention of new censorship techniques.

“The algorithms to perform this kind of image filtering are computationally expensive in terms of time and energy,” report author Jeffrey Knockel said. “Performing this type of filtering is the last thing Tencent wants to be wasting money on, but the fact that it does suggests that there is a large amount of pressure Tencent receives from the Chinese government to implement it.”

Featured image: Cody Glenn (Flickr)

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