Stevens Capital Management LP increased its position in shares of Sina Corp (NASDAQ:SINA) by 85.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,606 shares of the technology company’s stock after buying an additional 15,057 shares during the period. Stevens Capital Management LP’s holdings in Sina were worth $3,400,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SINA. Shamrock Asset Management LLC bought a new stake in Sina in the 4th quarter valued at $940,000. Barings LLC bought a new stake in Sina in the 4th quarter valued at $9,403,000. TIAA CREF Investment Management LLC boosted its holdings in Sina by 51.4% in the 4th quarter. TIAA CREF Investment Management LLC now owns 144,159 shares of the technology company’s stock valued at $14,461,000 after purchasing an additional 48,943 shares during the period. Eagle Global Advisors LLC boosted its holdings in Sina by 2.7% in the 4th quarter. Eagle Global Advisors LLC now owns 86,470 shares of the technology company’s stock valued at $8,674,000 after purchasing an additional 2,275 shares during the period. Finally, Ariose Capital Management Ltd boosted its holdings in Sina by 472.9% in the 1st quarter. Ariose Capital Management Ltd now owns 531,400 shares of the technology company’s stock valued at $55,409,000 after purchasing an additional 438,644 shares during the period. 66.81% of the stock is owned by institutional investors and hedge funds.
SINA has been the subject of a number of research reports. JPMorgan Chase increased their price target on shares of Sina from $175.00 to $179.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Zacks Investment Research raised shares of Sina from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 24th. Jefferies Group reissued a “buy” rating and issued a $175.00 price target on shares of Sina in a report on Wednesday, January 24th. Deutsche Bank initiated coverage on shares of Sina in a report on Thursday, April 19th. They issued a “buy” rating and a $128.00 price target for the company. Finally, BidaskClub downgraded shares of Sina from a “sell” rating to a “strong sell” rating in a report on Friday, April 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $150.00.
Shares of Sina opened at $90.42 on Friday, Marketbeat reports. Sina Corp has a 52-week low of $89.89 and a 52-week high of $91.40. The firm has a market capitalization of $6.45 billion, a PE ratio of 46.29 and a beta of 1.13. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23.
Sina (NASDAQ:SINA) last announced its quarterly earnings data on Wednesday, May 9th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.25. Sina had a net margin of 8.40% and a return on equity of 4.18%. The company had revenue of $440.70 million during the quarter, compared to analysts’ expectations of $435.74 million. During the same quarter in the prior year, the company posted $0.50 EPS. The business’s revenue was up 58.5% on a year-over-year basis. equities research analysts forecast that Sina Corp will post 2.81 earnings per share for the current year.
SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; business news coverage and personal finance columns; sporting events news; automobile-related news; entertainment news and events; technology updates; interactive video products, such as news, sports, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels.
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