Aperio Group LLC lifted its position in SINA Corp (NASDAQ:SINA) by 55.0% in the third quarter, HoldingsChannel.com reports. The firm owned 44,892 shares of the technology company’s stock after buying an additional 15,922 shares during the period. Aperio Group LLC’s holdings in SINA were worth $3,119,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in SINA by 25.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 27,098 shares of the technology company’s stock worth $2,826,000 after buying an additional 5,467 shares in the last quarter. Royal Bank of Canada lifted its position in SINA by 44.0% during the 1st quarter. Royal Bank of Canada now owns 9,245 shares of the technology company’s stock worth $965,000 after buying an additional 2,826 shares in the last quarter. Brown Advisory Inc. acquired a new position in SINA during the 1st quarter worth about $1,796,000. Xact Kapitalforvaltning AB lifted its position in SINA by 22.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 8,100 shares of the technology company’s stock worth $686,000 after buying an additional 1,500 shares in the last quarter. Finally, Daiwa SB Investments Ltd. acquired a new position in SINA during the 2nd quarter worth about $1,304,000. Hedge funds and other institutional investors own 67.03% of the company’s stock.
Several brokerages recently issued reports on SINA. Benchmark reduced their price target on shares of SINA from $119.00 to $96.00 and set a “buy” rating on the stock in a research report on Monday. ValuEngine upgraded shares of SINA from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 27th. BidaskClub downgraded shares of SINA from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 12th. Jefferies Financial Group reiterated a “buy” rating and set a $144.00 price target on shares of SINA in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. began coverage on shares of SINA in a research report on Wednesday, August 29th. They set an “overweight” rating and a $150.00 price target on the stock. Three research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $122.40.
Shares of NASDAQ:SINA opened at $65.12 on Tuesday. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 31.16 and a beta of 0.99. SINA Corp has a 1-year low of $56.67 and a 1-year high of $124.60. 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 (NASDAQ:SINA) last announced 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 firm had revenue of $537.36 million during the quarter, compared to analysts’ expectations of $538.10 million. SINA had a return on equity of 4.39% and a net margin of 8.23%. The company’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. As a group, sell-side analysts expect that SINA Corp will post 2.26 EPS for the current year.
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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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