Peak Asset Management Has Trimmed Its Stake in Qualcomm (Call) (QCOM) by $703,250 as Share Value Rose; Symmetry Peak Management Trimmed Holding in Sina (SINA) as Market Valuation Rose

January 14, 2018 - By Marguerite Chambers

Peak Asset Management Llc decreased its stake in Qualcomm Inc (Call) (QCOM) by 99.29% based on its latest 2017Q3 regulatory filing with the SEC. Peak Asset Management Llc sold 14,065 shares as the company’s stock rose 2.14% with the market. The hedge fund held 100 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $5,000, down from 14,165 at the end of the previous reported quarter. Peak Asset Management Llc who had been investing in Qualcomm Inc (Call) for a number of months, seems to be less bullish one the $96.81B market cap company. The stock decreased 0.08% or $0.05 during the last trading session, reaching $65.38. About 5.01 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since January 14, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Frank Slattery decreased its stake in Sina Corp (SINA) by 53.11% based on its latest 2017Q3 regulatory filing with the SEC. Symmetry Peak Management Llc sold 40,100 shares as the company’s stock rose 35.03% with the market. The hedge fund run by Frank Slattery held 35,400 shares of the prepackaged software company at the end of 2017Q3, valued at $4.06M, down from 75,500 at the end of the previous reported quarter. Symmetry Peak Management Llc who had been investing in Sina Corp for a number of months, seems to be less bullish one the $8.08B market cap company. The stock increased 0.15% or $0.17 during the last trading session, reaching $113. About 1.06 million shares traded or 5.61% up from the average. SINA Corporation (NASDAQ:SINA) has risen 139.34% since January 14, 2017 and is uptrending. It has outperformed by 122.64% the S&P500.

Analysts await SINA Corporation (NASDAQ:SINA) to report earnings on February, 28. They expect $0.38 earnings per share, up 40.74% or $0.11 from last year’s $0.27 per share. SINA’s profit will be $27.18M for 74.34 P/E if the $0.38 EPS becomes a reality. After $0.66 actual earnings per share reported by SINA Corporation for the previous quarter, Wall Street now forecasts -42.42% negative EPS growth.

Investors sentiment decreased to 1.24 in 2017 Q3. Its down 0.41, from 1.65 in 2017Q2. It fall, 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. State Street accumulated 904,531 shares or 0.01% of the stock. Voya Ltd Com reported 0% stake. Parametric Assoc Ltd Co holds 83,499 shares. Oakworth Inc owns 0% invested in SINA Corporation (NASDAQ:SINA) for 13 shares. Asset Mngmt One Limited holds 0.02% or 61,623 shares. 337,308 were accumulated by Northern Trust Corporation. Caisse De Depot Et Placement Du Quebec accumulated 0.01% or 26,992 shares. Jefferies Group Limited Company, New York-based fund reported 18,320 shares. Natixis stated it has 5,617 shares. Blackrock reported 2.45M shares stake. Baring Asset Mgmt Limited reported 0.35% in SINA Corporation (NASDAQ:SINA). Moreover, Fil has 0.13% invested in SINA Corporation (NASDAQ:SINA). Fosun Intll stated it has 990,802 shares. 2,068 were accumulated by Gideon Cap Advsr. Firsthand Inc, a California-based fund reported 15,000 shares.

Among 9 analysts covering Sina Corporation (NASDAQ:SINA), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Sina Corporation had 15 analyst reports since August 19, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, July 13 by Jefferies. As per Wednesday, August 31, the company rating was reinitiated by JP Morgan. TH Capital upgraded SINA Corporation (NASDAQ:SINA) rating on Monday, August 17. TH Capital has “Buy” rating and $62 target. The firm earned “Buy” rating on Wednesday, September 14 by Brean Capital. On Thursday, November 19 the stock rating was maintained by Brean Capital with “Buy”. Citigroup initiated the shares of SINA in report on Friday, August 5 with “Buy” rating. The company was downgraded on Thursday, October 29 by Citigroup. Jefferies upgraded the stock to “Buy” rating in Friday, July 22 report. The firm has “Buy” rating given on Thursday, August 10 by Jefferies. The firm has “Neutral” rating by Goldman Sachs given on Monday, November 30.

Symmetry Peak Management Llc, which manages about $875.17M US Long portfolio, upped its stake in Zillow Group Inc (Call) by 36,000 shares to 136,000 shares, valued at $5.47M in 2017Q3, according to the filing. It also increased its holding in Varonis Sys Inc (NASDAQ:VRNS) by 13,991 shares in the quarter, for a total of 21,491 shares, and has risen its stake in Coupa Software Inc.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.13, from 0.98 in 2017Q2. It dived, as 83 investors sold QCOM shares while 490 reduced holdings. 89 funds opened positions while 397 raised stakes. 1.10 billion shares or 0.88% less from 1.11 billion shares in 2017Q2 were reported. 4,723 were accumulated by Wealthtrust Axiom Limited Co. Kcm Advsr Ltd Company accumulated 0.03% or 8,560 shares. Td Mngmt Ltd Liability Com invested in 0% or 101 shares. Kentucky Retirement System Insurance Tru Fund has invested 0.36% in QUALCOMM Incorporated (NASDAQ:QCOM). Aqr Cap stated it has 0.01% in QUALCOMM Incorporated (NASDAQ:QCOM). Ontario – Canada-based Guardian Advsrs Limited Partnership has invested 0.83% in QUALCOMM Incorporated (NASDAQ:QCOM). Parnassus Investments Ca accumulated 7.81 million shares. Central Bankshares reported 0.04% in QUALCOMM Incorporated (NASDAQ:QCOM). Ferguson Wellman Management holds 0.01% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 7,126 shares. Dt Invest Prtnrs Ltd Liability accumulated 0.05% or 5,505 shares. Peapack Gladstone holds 0.64% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 216,759 shares. Engineers Gate Manager Lp invested in 86,877 shares or 0.38% of the stock. Peddock Capital Advsrs Ltd Liability Corp stated it has 641 shares. Cincinnati Fin Corporation owns 2.15% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 912,500 shares. Freestone Cap invested in 1.31% or 356,476 shares.

Since August 20, 2017, it had 0 buys, and 5 insider sales for $3.11 million activity. $245,919 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by STERLING MICHELLE M on Sunday, August 20. GROB MATTHEW S had sold 43,000 shares worth $2.81 million on Tuesday, January 9.

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