Do Hedge Funds and Insiders Love SINA Corp (SINA)?

Page 1 of 2

Is SINA Corp (NASDAQ:SINA) a buy?

In the eyes of many of your peers, hedge funds are assumed to be delayed, old financial tools of an era lost to time. Although there are over 8,000 hedge funds with their doors open currently, Insider Monkey aim at the aristocrats of this club, around 525 funds. It is widely held that this group oversees the lion’s share of the smart money’s total assets, and by paying attention to their best stock picks, we’ve identified a few investment strategies that have historically outperformed the market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 33 percentage points in 11 months (find the details here).

Just as key, positive insider trading activity is another way to look at the investments you’re interested in. Just as you’d expect, there are many reasons for an executive to get rid of shares of his or her company, but just one, very clear reason why they would behave bullishly. Plenty of academic studies have demonstrated the valuable potential of this method if shareholders know what to do (learn more here).

SINA Corp (NASDAQ:SINA)

Thus, it’s important to discuss the latest info about SINA Corp (NASDAQ:SINA).

How are hedge funds trading SINA Corp (NASDAQ:SINA)?

At Q2′s end, a total of 26 of the hedge funds we track were bullish in this stock, a change of 0% from the first quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were boosting their stakes substantially.

Out of the hedge funds we follow, Platinum Asset Management, managed by Kerr Neilson, holds the biggest position in SINA Corp (NASDAQ:SINA). Platinum Asset Management has a $276.4 million position in the stock, comprising 5.3% of its 13F portfolio. The second largest stake is held by Emerging Sovereign Group, managed by J Kevin Kenny Jr, which held a $108.8 million position; 4.5% of its 13F portfolio is allocated to the company. Some other hedge funds that are bullish include Robert Boucai’s Newbrook Capital Advisors, Christopher Medlock James’s Partner Fund Management and Israel Englander’s Millennium Management.

As SINA Corp (NASDAQ:SINA) has faced dropping sentiment from the top-tier hedge fund industry, we can see that there was a specific group of money managers who sold off their full holdings last quarter. At the top of the heap, Robert Karr’s Joho Capital cut the largest investment of the “upper crust” of funds we key on, worth about $39.3 million in stock, and Brian Kelly of Asian Century Quest was right behind this move, as the fund said goodbye to about $26.7 million worth. These transactions are important to note, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

How are insiders trading SINA Corp (NASDAQ:SINA)?

Insider buying made by high-level executives is most useful when the primary stock in question has seen transactions within the past half-year. Over the last six-month time frame, SINA Corp (NASDAQ:SINA) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to SINA Corp (NASDAQ:SINA). These stocks are NetEase, Inc (ADR) (NASDAQ:NTES), ExactTarget Inc (NYSE:ET), J2 Global Inc (NASDAQ:JCOM), Net Element Inc (PINK:NETE), and The Ultimate Software Group, Inc. (NASDAQ:ULTI). All of these stocks are in the internet software & services industry and their market caps match SINA’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!