SINA Corp (NASDAQ:SINA) is HBK Investments L P’s 6th Largest Position

HBK Investments L P grew its position in SINA Corp (NASDAQ:SINA) by 60.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,451,465 shares of the technology company’s stock after purchasing an additional 547,320 shares during the period. SINA makes up 1.1% of HBK Investments L P’s holdings, making the stock its 6th biggest position. HBK Investments L P’s holdings in SINA were worth $62,602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its position in shares of SINA by 4.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 4,570 shares of the technology company’s stock valued at $271,000 after buying an additional 190 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of SINA by 0.7% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,000 shares of the technology company’s stock valued at $1,777,000 after buying an additional 200 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of SINA by 4.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,734 shares of the technology company’s stock valued at $1,726,000 after buying an additional 263 shares in the last quarter. Signaturefd LLC increased its position in shares of SINA by 53.6% in the second quarter. Signaturefd LLC now owns 885 shares of the technology company’s stock valued at $38,000 after buying an additional 309 shares in the last quarter. Finally, Thomas White International Ltd. increased its position in shares of SINA by 1.4% in the second quarter. Thomas White International Ltd. now owns 31,802 shares of the technology company’s stock valued at $1,372,000 after buying an additional 444 shares in the last quarter. Institutional investors and hedge funds own 63.53% of the company’s stock.

Shares of SINA traded down $0.74 during trading hours on Wednesday, reaching $43.89. 3,381 shares of the company traded hands, compared to its average volume of 1,086,827. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.26 billion, a PE ratio of 25.82 and a beta of 1.38. SINA Corp has a fifty-two week low of $32.99 and a fifty-two week high of $72.38. The stock has a fifty day simple moving average of $40.07 and a 200 day simple moving average of $48.88.

SINA (NASDAQ:SINA) last posted its quarterly earnings data on Monday, August 19th. The technology company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.74. The business had revenue of $533.00 million for the quarter, compared to analyst estimates of $519.55 million. SINA had a return on equity of 3.80% and a net margin of 6.84%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. Research analysts predict that SINA Corp will post 2.11 EPS for the current fiscal year.

A number of brokerages have recently weighed in on SINA. BOCOM International upgraded SINA from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 21st. ValuEngine upgraded SINA from a “sell” rating to a “hold” rating in a research report on Tuesday, August 20th. BidaskClub upgraded SINA from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 20th. Goldman Sachs Group upgraded SINA from a “neutral” rating to a “buy” rating and dropped their price target for the company from $71.00 to $61.00 in a research report on Friday, May 31st. Finally, Zacks Investment Research cut SINA from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $64.31.

About SINA

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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Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

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