Two Sigma Advisers LP lessened its holdings in SINA Corp (NASDAQ:SINA) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 781,568 shares of the technology company’s stock after selling 6,200 shares during the quarter. Two Sigma Advisers LP’s holdings in SINA were worth $78,399,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in SINA by 394.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,113 shares of the technology company’s stock valued at $19,414,000 after purchasing an additional 136,537 shares in the last quarter. Shamrock Asset Management LLC purchased a new stake in shares of SINA during the 4th quarter worth approximately $940,000. Barings LLC purchased a new stake in shares of SINA during the 4th quarter worth approximately $9,403,000. SG Americas Securities LLC boosted its stake in shares of SINA by 73.6% during the 3rd quarter. SG Americas Securities LLC now owns 56,214 shares of the technology company’s stock worth $6,445,000 after acquiring an additional 23,834 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of SINA by 3.6% during the 3rd quarter. KBC Group NV now owns 188,439 shares of the technology company’s stock worth $21,605,000 after acquiring an additional 6,605 shares in the last quarter. 66.10% of the stock is currently owned by institutional investors.
Shares of SINA Corp (NASDAQ SINA) opened at $117.71 on Wednesday. SINA Corp has a 52 week low of $68.33 and a 52 week high of $124.60. The company has a quick ratio of 2.68, a current ratio of 3.22 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $8,500.95, a P/E ratio of 66.41 and a beta of 1.01.
SINA (NASDAQ:SINA) last posted its earnings results on Tuesday, February 13th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.29. SINA had a return on equity of 3.99% and a net margin of 9.89%. The firm had revenue of $503.70 million for the quarter, compared to analyst estimates of $482.59 million. During the same quarter in the prior year, the company earned $0.63 EPS. SINA’s revenue was up 62.1% on a year-over-year basis. equities analysts forecast that SINA Corp will post 3.1 earnings per share for the current year.
Several equities research analysts have recently commented on the company. Zacks Investment Research raised SINA from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. BidaskClub raised SINA from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. JPMorgan Chase & Co. boosted their price target on SINA from $175.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Benchmark boosted their price target on SINA from $157.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Jefferies Group reissued a “buy” rating and set a $175.00 price target on shares of SINA in a research note on Wednesday, January 24th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. SINA currently has an average rating of “Buy” and a consensus target price of $139.00.
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SINA Company Profile
Sina Corporation is an online media company serving China and the global Chinese communities. The Company’s digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances.
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