Shareholder Burns J W & Co Boosted Fedex (FDX) Holding; Sina (SINA) Shareholder Aristeia Capital Has Cut Stake by $234.21 Million as Market Value Rose

April 23, 2018 - By Vivian Currie

FedEx Corporation (NYSE:FDX) Logo

Burns J W & Co Inc increased its stake in Fedex Corp (FDX) by 26.15% based on its latest 2017Q4 regulatory filing with the SEC. Burns J W & Co Inc bought 2,790 shares as the company’s stock declined 6.15% with the market. The institutional investor held 13,458 shares of the air freight and delivery services company at the end of 2017Q4, valued at $3.36M, up from 10,668 at the end of the previous reported quarter. Burns J W & Co Inc who had been investing in Fedex Corp for a number of months, seems to be bullish on the $66.30 billion market cap company. The stock increased 0.40% or $1 during the last trading session, reaching $248.12. About 480,999 shares traded. FedEx Corporation (NYSE:FDX) has risen 25.45% since April 23, 2017 and is uptrending. It has outperformed by 13.90% the S&P500.

Robert Henry Lynch decreased its stake in Sina Corp (SINA) by 79.28% based on its latest 2017Q4 regulatory filing with the SEC. Aristeia Capital Llc sold 2.34 million shares as the company’s stock rose 0.05% while stock markets declined. The hedge fund run by Robert Henry Lynch held 612,291 shares of the prepackaged software company at the end of 2017Q4, valued at $61.42M, down from 2.95 million at the end of the previous reported quarter. Aristeia Capital Llc who had been investing in Sina Corp for a number of months, seems to be less bullish one the $6.83B market cap company. The stock decreased 0.46% or $0.44 during the last trading session, reaching $95.56. About 561,748 shares traded. SINA Corporation (NASDAQ:SINA) has risen 55.04% since April 23, 2017 and is uptrending. It has outperformed by 43.49% the S&P500.

Since October 26, 2017, it had 1 buy, and 5 insider sales for $48.09 million activity. $2.55 million worth of stock was sold by Maier Henry J on Thursday, October 26. $802,405 worth of FedEx Corporation (NYSE:FDX) shares were sold by STEINER DAVID P. 124,000 shares were sold by SMITH FREDERICK W, worth $31.74 million. On Wednesday, April 18 WALSH PAUL S sold $1.12M worth of FedEx Corporation (NYSE:FDX) or 4,400 shares. On Tuesday, January 2 the insider BRONCZEK DAVID J sold $11.89M.

Among 37 analysts covering FedEx (NYSE:FDX), 26 have Buy rating, 1 Sell and 10 Hold. Therefore 70% are positive. FedEx had 116 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Cowen & Co given on Thursday, September 17. The stock has “Buy” rating by Robert W. Baird on Wednesday, December 20. On Wednesday, December 20 the stock rating was upgraded by Bank of America to “Buy”. The stock of FedEx Corporation (NYSE:FDX) earned “Mkt Perform” rating by Raymond James on Monday, December 14. TheStreet downgraded FedEx Corporation (NYSE:FDX) on Thursday, September 3 to “Hold” rating. The firm has “Buy” rating given on Friday, July 7 by Cowen & Co. BMO Capital Markets maintained the shares of FDX in report on Tuesday, December 19 with “Buy” rating. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, June 21. The company was maintained on Wednesday, September 2 by Deutsche Bank. The firm has “Hold” rating by Bernstein given on Wednesday, December 20.

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.14, from 1.07 in 2017Q3. It improved, as 45 investors sold FDX shares while 366 reduced holdings. 137 funds opened positions while 361 raised stakes. 193.75 million shares or 3.04% less from 199.84 million shares in 2017Q3 were reported. Quantitative Mngmt Limited Liability Com owns 130,800 shares for 0.48% of their portfolio. Spirit Of America Mngmt Ny invested 0.12% of its portfolio in FedEx Corporation (NYSE:FDX). Community National Bank Na reported 393 shares. Sii Invests Wi has 3,115 shares. Secor Cap Advsrs Limited Partnership has 0.01% invested in FedEx Corporation (NYSE:FDX). Bankshares Hapoalim Bm reported 1,066 shares. Redmond Asset Mngmt Limited Liability Co invested 1.32% in FedEx Corporation (NYSE:FDX). Pittenger & Anderson reported 20,162 shares or 0.44% of all its holdings. 1,220 are owned by Rnc Mgmt Ltd Liability Co. Fdx Advsr Inc owns 0.11% invested in FedEx Corporation (NYSE:FDX) for 16,398 shares. City invested in 420 shares. Prudential Fin has 0.15% invested in FedEx Corporation (NYSE:FDX) for 453,116 shares. Altavista Wealth Mngmt reported 1,673 shares or 0.18% of all its holdings. Horizon Kinetics Ltd has 2,023 shares. Appleton Ptnrs Inc Ma accumulated 1,496 shares.

Among 11 analysts covering Sina Corporation (NASDAQ:SINA), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Sina Corporation had 22 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 10 by Jefferies. The rating was upgraded by TH Capital on Monday, August 17 to “Buy”. CLSA upgraded the stock to “Buy” rating in Wednesday, February 14 report. On Thursday, February 15 the stock rating was maintained by Jefferies with “Buy”. The stock has “Neutral” rating by Citigroup on Thursday, October 29. The rating was initiated by CLSA with “Outperform” on Monday, December 12. The rating was maintained by Jefferies with “Buy” on Tuesday, March 13. The firm earned “Buy” rating on Tuesday, October 17 by Jefferies. Jefferies maintained the stock with “Buy” rating in Tuesday, January 23 report. JP Morgan maintained SINA Corporation (NASDAQ:SINA) rating on Thursday, February 15. JP Morgan has “Overweight” rating and $179 target.

Aristeia Capital Llc, which manages about $6.79B and $2.35 billion US Long portfolio, upped its stake in Hostess Brands Inc by 682,445 shares to 6.98M shares, valued at $16.28M in 2017Q4, according to the filing. It also increased its holding in Altaba Inc by 980,860 shares in the quarter, for a total of 13.15M shares, and has risen its stake in Iac Interactivecorp (NASDAQ:IACI).

Analysts await SINA Corporation (NASDAQ:SINA) to report earnings on May, 15. They expect $0.22 earnings per share, 0.00% or $0.00 from last year’s $0.22 per share. SINA’s profit will be $15.73M for 108.59 P/E if the $0.22 EPS becomes a reality. After $0.60 actual earnings per share reported by SINA Corporation for the previous quarter, Wall Street now forecasts -63.33% negative EPS growth.

Investors sentiment increased to 1.38 in 2017 Q4. Its up 0.14, from 1.24 in 2017Q3. It is positive, as 32 investors sold SINA shares while 53 reduced holdings. 39 funds opened positions while 78 raised stakes. 44.22 million shares or 3.72% less from 45.93 million shares in 2017Q3 were reported. Bancshares Of Ny Mellon accumulated 70,048 shares. Dekabank Deutsche Girozentrale has invested 0.01% in SINA Corporation (NASDAQ:SINA). Renaissance Techs Ltd Liability Corporation invested in 513,830 shares or 0.06% of the stock. Oberweis Asset Mgmt Incorporated has 0.32% invested in SINA Corporation (NASDAQ:SINA). Moreover, Shell Asset Mngmt has 0.06% invested in SINA Corporation (NASDAQ:SINA) for 29,949 shares. Shamrock Asset Mgmt Limited Liability has invested 0.56% in SINA Corporation (NASDAQ:SINA). Stevens Capital Management LP has invested 0.07% in SINA Corporation (NASDAQ:SINA). Great West Life Assurance Can reported 0.01% in SINA Corporation (NASDAQ:SINA). Millennium Mgmt Llc holds 0.01% of its portfolio in SINA Corporation (NASDAQ:SINA) for 52,287 shares. Pdt Limited Liability stated it has 218,298 shares or 0.64% of all its holdings. Comml Bank Of America De owns 0% invested in SINA Corporation (NASDAQ:SINA) for 152,450 shares. Navellier Associates has invested 0.02% of its portfolio in SINA Corporation (NASDAQ:SINA). The Germany-based Deutsche Bank Ag has invested 0.06% in SINA Corporation (NASDAQ:SINA). Teacher Retirement Sys Of Texas holds 0.02% or 33,693 shares in its portfolio. Huntington National Bank holds 0% or 45 shares in its portfolio.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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