As Sina (SINA) Share Value Rose, Fosun International LTD Has Cut by $32.28 Million Its Position; Dragoneer Investment Group Boosted Its Makemytrip Limited Mauritius (MMYT) Stake by $2.39 Million

March 14, 2018 - By Elijah Rosenthal

Fosun International Ltd decreased its stake in Sina Corp (SINA) by 22.22% based on its latest 2017Q3 regulatory filing with the SEC. Fosun International Ltd sold 283,116 shares as the company’s stock rose 35.03% with the market. The institutional investor held 990,802 shares of the prepackaged software company at the end of 2017Q3, valued at $113.60 million, down from 1.27 million at the end of the previous reported quarter. Fosun International Ltd who had been investing in Sina Corp for a number of months, seems to be less bullish one the $8.43 billion market cap company. The stock increased 0.17% or $0.2 during the last trading session, reaching $117.91. About 269,400 shares traded. SINA Corporation (NASDAQ:SINA) has risen 139.34% since March 14, 2017 and is uptrending. It has outperformed by 122.64% the S&P500.

Dragoneer Investment Group Llc increased its stake in Makemytrip Limited Mauritius (MMYT) by 18.07% based on its latest 2017Q3 regulatory filing with the SEC. Dragoneer Investment Group Llc bought 85,368 shares as the company’s stock rose 2.51% with the market. The institutional investor held 557,868 shares of the transportation services company at the end of 2017Q3, valued at $16.04 million, up from 472,500 at the end of the previous reported quarter. Dragoneer Investment Group Llc who had been investing in Makemytrip Limited Mauritius for a number of months, seems to be bullish on the $3.66B market cap company. The stock increased 0.68% or $0.24 during the last trading session, reaching $36.19. About 224,555 shares traded. MakeMyTrip Limited (NASDAQ:MMYT) has risen 111.67% since March 14, 2017 and is uptrending. It has outperformed by 94.97% the S&P500.

Among 5 analysts covering MakeMyTrip (NASDAQ:MMYT), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. MakeMyTrip had 13 analyst reports since August 12, 2015 according to SRatingsIntel. Jefferies maintained MakeMyTrip Limited (NASDAQ:MMYT) on Friday, February 9 with “Hold” rating. As per Thursday, August 10, the company rating was downgraded by Jefferies. The firm has “Buy” rating by J.P. Morgan given on Tuesday, February 27. The rating was maintained by Jefferies with “Hold” on Thursday, November 2. Jefferies maintained MakeMyTrip Limited (NASDAQ:MMYT) rating on Friday, October 13. Jefferies has “Hold” rating and $31.5 target. On Friday, October 30 the stock rating was downgraded by Deutsche Bank to “Hold”. The stock of MakeMyTrip Limited (NASDAQ:MMYT) earned “Reduce” rating by Nomura on Tuesday, February 23. The rating was upgraded by Nomura on Friday, June 3 to “Neutral”.

Dragoneer Investment Group Llc, which manages about $450.59M and $609.39M US Long portfolio, decreased its stake in Mulesoft Inc by 152,327 shares to 276,273 shares, valued at $5.56M in 2017Q3, according to the filing. It also reduced its holding in Etsy Inc by 1.77M shares in the quarter, leaving it with 2.52 million shares, and cut its stake in Square Inc.

Investors sentiment decreased to 1.24 in Q3 2017. Its down 0.41, from 1.65 in 2017Q2. It is negative, as 21 investors sold SINA shares while 68 reduced holdings. 46 funds opened positions while 64 raised stakes. 45.93 million shares or 0.75% more from 45.59 million shares in 2017Q2 were reported. 3,200 were accumulated by Winslow Evans And Crocker. Moreover, Mitsubishi Ufj Trust Bk has 0.02% invested in SINA Corporation (NASDAQ:SINA). Eagle Advsr Limited Liability holds 84,195 shares. Richard Bernstein Advsrs Ltd Liability holds 0.21% of its portfolio in SINA Corporation (NASDAQ:SINA) for 26,440 shares. Alta Advisers reported 800 shares. Huntington Bank owns 45 shares. First Manhattan Com reported 77,496 shares. Jefferies Grp Ltd Liability accumulated 0.01% or 18,320 shares. Susquehanna Interest Llp, a Pennsylvania-based fund reported 1.80 million shares. Swiss National Bank reported 115,644 shares. Us Comml Bank De accumulated 1,624 shares or 0% of the stock. The Connecticut-based Trexquant Inv Limited Partnership has invested 0.17% in SINA Corporation (NASDAQ:SINA). Eaton Vance stated it has 0% of its portfolio in SINA Corporation (NASDAQ:SINA). Integral Derivatives Limited accumulated 10,061 shares or 0.02% of the stock. Cubist Systematic Strategies Limited Com accumulated 0.03% or 4,901 shares.

Analysts await SINA Corporation (NASDAQ:SINA) to report earnings on May, 15. They expect $0.15 earnings per share, down 31.82% or $0.07 from last year’s $0.22 per share. SINA’s profit will be $10.73 million for 196.52 P/E if the $0.15 EPS becomes a reality. After $0.60 actual earnings per share reported by SINA Corporation for the previous quarter, Wall Street now forecasts -75.00% negative EPS growth.

Fosun International Ltd, which manages about $1.01B US Long portfolio, upped its stake in Cowen Inc by 142,367 shares to 1.29M shares, valued at $22.92M in 2017Q3, according to the filing. It also increased its holding in Jounce Therapeutics Inc by 193,350 shares in the quarter, for a total of 285,960 shares, and has risen its stake in Ikang Healthcare Group Inc (NASDAQ:KANG).