First Hawaiian Bank bought a new stake in SINA Corp (NASDAQ:SINA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,800 shares of the technology company’s stock, valued at approximately $125,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new stake in shares of SINA in the second quarter valued at about $104,000. Redpoint Investment Management Pty Ltd bought a new stake in shares of SINA in the second quarter valued at about $202,000. XR Securities LLC bought a new stake in shares of SINA in the second quarter valued at about $206,000. PNC Financial Services Group Inc. lifted its stake in shares of SINA by 44.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,626 shares of the technology company’s stock valued at $222,000 after buying an additional 813 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new stake in shares of SINA in the third quarter valued at about $244,000. Institutional investors and hedge funds own 67.01% of the company’s stock.
A number of research analysts have commented on the stock. ValuEngine upgraded shares of SINA from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 27th. JPMorgan Chase & Co. assumed coverage on shares of SINA in a research note on Wednesday, August 29th. They set an “overweight” rating and a $150.00 price target for the company. Zacks Investment Research cut shares of SINA from a “hold” rating to a “strong sell” rating in a research note on Friday, September 7th. BidaskClub upgraded shares of SINA from a “strong sell” rating to a “sell” rating in a research note on Friday, September 21st. Finally, Jefferies Financial Group restated a “buy” rating and set a $144.00 price target on shares of SINA in a research note on Thursday, July 26th. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $135.00.
NASDAQ SINA opened at $66.23 on Friday. The company has a market cap of $4.73 billion, a PE ratio of 31.69 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.02 and a quick ratio of 3.02. SINA Corp has a 1-year low of $56.67 and a 1-year high of $124.60.
SINA (NASDAQ:SINA) last posted its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.39. The company had revenue of $537.36 million during the quarter, compared to analyst estimates of $538.10 million. SINA had a net margin of 8.23% and a return on equity of 4.39%. The company’s revenue was up 49.7% on a year-over-year basis. During the same quarter last year, the business posted $0.70 earnings per share. Equities analysts predict that SINA Corp will post 2.26 earnings per share for the current year.
SINA Company Profile
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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