Allianz Asset Management GmbH raised its position in shares of SINA Corp (NASDAQ:SINA) by 14.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,373 shares of the technology company’s stock after acquiring an additional 1,300 shares during the quarter. Allianz Asset Management GmbH’s holdings in SINA were worth $1,189,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SINA. Dimensional Fund Advisors LP boosted its position in shares of SINA by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,403 shares of the technology company’s stock worth $754,000 after purchasing an additional 799 shares in the last quarter. Bank of Montreal Can boosted its position in shares of SINA by 11.7% in the 2nd quarter. Bank of Montreal Can now owns 1,452 shares of the technology company’s stock worth $123,000 after purchasing an additional 152 shares in the last quarter. US Bancorp DE boosted its position in shares of SINA by 55.1% in the 2nd quarter. US Bancorp DE now owns 1,501 shares of the technology company’s stock worth $127,000 after purchasing an additional 533 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of SINA by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 74,865 shares of the technology company’s stock worth $6,360,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Aviva PLC boosted its position in shares of SINA by 3.0% in the 2nd quarter. Aviva PLC now owns 10,400 shares of the technology company’s stock worth $883,000 after purchasing an additional 300 shares in the last quarter. 69.26% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of SINA from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Zacks Investment Research lowered shares of SINA from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Benchmark boosted their price objective on shares of SINA from $142.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $120.67.
Shares of SINA Corp (NASDAQ SINA) opened at $112.83 on Friday. The firm has a market cap of $8,070.00, a price-to-earnings ratio of 64.11 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.68 and a current ratio of 2.68. SINA Corp has a 12 month low of $66.40 and a 12 month high of $119.20.
SINA (NASDAQ:SINA) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.26. The business had revenue of $440.50 million during the quarter, compared to analyst estimates of $404.71 million. SINA had a net margin of 9.41% and a return on equity of 3.36%. The company’s quarterly revenue was up 60.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. equities research analysts predict that SINA Corp will post 2.13 earnings per share for the current year.
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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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