DekaBank Deutsche Girozentrale boosted its position in SINA Corp (NASDAQ:SINA) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,734 shares of the technology company’s stock after purchasing an additional 263 shares during the period. DekaBank Deutsche Girozentrale’s holdings in SINA were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC increased its holdings in SINA by 66.8% during the first quarter. Lindbrook Capital LLC now owns 482 shares of the technology company’s stock valued at $28,000 after buying an additional 193 shares during the period. AlphaOne Investment Services LLC purchased a new position in SINA during the fourth quarter valued at approximately $37,000. Quadrant Capital Group LLC increased its holdings in SINA by 91.9% during the first quarter. Quadrant Capital Group LLC now owns 2,403 shares of the technology company’s stock valued at $140,000 after buying an additional 1,151 shares during the period. Huntington National Bank purchased a new position in SINA during the first quarter valued at approximately $191,000. Finally, XR Securities LLC purchased a new position in SINA during the first quarter valued at approximately $219,000. 62.05% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the stock. Jefferies Financial Group lowered shares of SINA from a “buy” rating to a “hold” rating and cut their price target for the stock from $76.00 to $45.00 in a report on Tuesday, May 28th. Macquarie lowered shares of SINA from an “outperform” rating to a “neutral” rating and set a $38.00 price target on the stock. in a report on Friday, May 24th. Goldman Sachs Group raised shares of SINA from a “neutral” rating to a “buy” rating and cut their price target for the stock from $71.00 to $61.00 in a report on Friday, May 31st. Benchmark cut their price target on shares of SINA from $108.00 to $78.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Finally, Zacks Investment Research lowered shares of SINA from a “hold” rating to a “strong sell” rating in a report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $75.69.
SINA (NASDAQ:SINA) last posted its earnings results 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 company had revenue of $475.10 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share. On average, analysts expect that SINA Corp will post 2.14 EPS for the current fiscal year.
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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