Great West Life Assurance Co. Can Buys 3,000 Shares of SINA Corp (NASDAQ:SINA)

Great West Life Assurance Co. Can boosted its position in shares of SINA Corp (NASDAQ:SINA) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,352 shares of the technology company’s stock after acquiring an additional 3,000 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of SINA worth $2,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC grew its stake in shares of SINA by 66.8% in the 1st quarter. Lindbrook Capital LLC now owns 482 shares of the technology company’s stock valued at $28,000 after purchasing an additional 193 shares during the period. AlphaOne Investment Services LLC bought a new stake in shares of SINA in the 4th quarter valued at $37,000. Quadrant Capital Group LLC increased its holdings in SINA by 91.9% during the 1st quarter. Quadrant Capital Group LLC now owns 2,403 shares of the technology company’s stock worth $140,000 after purchasing an additional 1,151 shares in the last quarter. Huntington National Bank bought a new position in SINA during the 1st quarter worth about $191,000. Finally, XR Securities LLC bought a new position in SINA during the 1st quarter worth about $219,000. Hedge funds and other institutional investors own 62.05% of the company’s stock.

A number of equities analysts have issued reports on SINA shares. Benchmark increased their target price on SINA from $96.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Deutsche Bank downgraded shares of SINA from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. BidaskClub downgraded shares of SINA from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. Zacks Investment Research downgraded shares of SINA from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 23rd. Finally, Macquarie downgraded shares of SINA from an “outperform” rating to a “neutral” rating and set a $38.00 price objective for the company. in a research report on Friday, May 24th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $75.69.

Shares of SINA traded down $0.30 during mid-day trading on Friday, hitting $43.13. 556,285 shares of the company’s stock were exchanged, compared to its average volume of 804,350. SINA Corp has a 52 week low of $38.84 and a 52 week high of $85.86. The stock has a 50-day moving average of $43.90. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 25.37 and a beta of 1.42. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.61 and a current ratio of 2.61.

SINA (NASDAQ:SINA) last announced its quarterly earnings data on Thursday, May 23rd. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.29. The business had revenue of $475.10 million for the quarter, compared to analysts’ expectations of $477.57 million. SINA had a net margin of 6.06% and a return on equity of 3.47%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. Sell-side analysts forecast that SINA Corp will post 2.14 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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Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

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