Sina (SINA) Holder Hillhouse Capital Management LTD Has Boosted Its Holding by $93.52 Million as Market Valuation Rose; Carmignac Gestion Position in Cia Brasileira De Dis (CBD) Has Lifted by $1.50 Million as Valuation Declined

April 24, 2018 - By Darrin Black

Lei Zhang increased its stake in Sina Corp (SINA) by 136.64% based on its latest 2017Q4 regulatory filing with the SEC. Hillhouse Capital Management Ltd bought 935,223 shares as the company’s stock rose 0.05% while stock markets declined. The hedge fund run by Lei Zhang held 1.62M shares of the prepackaged software company at the end of 2017Q4, valued at $162.47M, up from 684,466 at the end of the previous reported quarter. Hillhouse Capital Management Ltd who had been investing in Sina Corp for a number of months, seems to be bullish on the $6.60B market cap company. The stock decreased 3.14% or $2.99 during the last trading session, reaching $92.35. About 526,566 shares traded. SINA Corporation (NASDAQ:SINA) has risen 55.04% since April 24, 2017 and is uptrending. It has outperformed by 43.49% the S&P500.

Carmignac Gestion increased its stake in Cia Brasileira De Dis (CBD) by 0.61% based on its latest 2017Q4 regulatory filing with the SEC. Carmignac Gestion bought 65,400 shares as the company’s stock declined 10.57% with the market. The institutional investor held 10.71M shares of the food chains company at the end of 2017Q4, valued at $252.34M, up from 10.64 million at the end of the previous reported quarter. Carmignac Gestion who had been investing in Cia Brasileira De Dis for a number of months, seems to be bullish on the $5.66 billion market cap company. The stock decreased 1.91% or $0.41 during the last trading session, reaching $21.09. About 238,610 shares traded. Companhia Brasileira de Distribuição (NYSE:CBD) has risen 0.66% since April 24, 2017 and is uptrending. It has underperformed by 10.89% the S&P500.

Among 6 analysts covering Companhia Brasileira de Distribuicao (NYSE:CBD), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Companhia Brasileira de Distribuicao had 10 analyst reports since August 26, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, November 7 by Credit Suisse. The firm has “Neutral” rating by Citigroup given on Monday, November 9. The stock has “Overweight” rating by JP Morgan on Thursday, March 23. On Friday, October 16 the stock rating was downgraded by Bank of America to “Underperform”. The stock of Companhia Brasileira de Distribuição (NYSE:CBD) has “Neutral” rating given on Monday, November 9 by Nomura. JP Morgan downgraded the shares of CBD in report on Tuesday, October 13 to “Underweight” rating. HSBC upgraded Companhia Brasileira de Distribuição (NYSE:CBD) on Thursday, November 3 to “Hold” rating. The rating was upgraded by Bank of America on Thursday, December 15 to “Neutral”.

Carmignac Gestion, which manages about $15.05B US Long portfolio, decreased its stake in Alcoa Corp (NYSE:AA) by 40,000 shares to 340,000 shares, valued at $18.32M in 2017Q4, according to the filing. It also reduced its holding in Despegar.Com Corp by 24,875 shares in the quarter, leaving it with 225,125 shares, and cut its stake in Mercadolibre Inc (NASDAQ:MELI).

Investors sentiment increased to 1.38 in Q4 2017. Its up 0.14, from 1.24 in 2017Q3. It increased, 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. 1,177 were accumulated by Gru One Trading L P. Jane Street Gp Ltd holds 0.01% in SINA Corporation (NASDAQ:SINA) or 41,178 shares. Highbridge Cap Mngmt Limited Co invested in 0.01% or 6,100 shares. Mitsubishi Ufj Trust And Bk holds 0.02% in SINA Corporation (NASDAQ:SINA) or 90,874 shares. Platinum Management Limited stated it has 8.95% in SINA Corporation (NASDAQ:SINA). First Manhattan holds 81,396 shares. Fifth Third National Bank & Trust, Ohio-based fund reported 3,475 shares. Lazard Asset holds 0% or 3,300 shares. 9,366 were reported by Shamrock Asset Management Ltd Com. State Of New Jersey Common Pension Fund D holds 0.01% or 14,731 shares. Dorsey Wright & Associates owns 78,777 shares. Stevens Mngmt Ltd Partnership reported 0.07% of its portfolio in SINA Corporation (NASDAQ:SINA). Maverick Limited invested in 62,760 shares or 0.08% of the stock. Macquarie Gp Ltd owns 3.15M shares or 0.55% of their US portfolio. Canada Pension Plan Inv Board invested in 0.03% or 155,710 shares.

Hillhouse Capital Management Ltd, which manages about $11.07 billion and $5.89 billion US Long portfolio, decreased its stake in Mondelez Intl Inc (NASDAQ:MDLZ) by 1.05 million shares to 7.12M shares, valued at $304.87 million in 2017Q4, according to the filing. It also reduced its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 571,429 shares in the quarter, leaving it with 3.00 million shares, and cut its stake in Priceline Grp Inc (NASDAQ:PCLN).

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