Aperio Group LLC Grows Position in Sina Corporation (SINA)
Aperio Group LLC increased its position in shares of Sina Corporation (NASDAQ:SINA) by 7.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,110 shares of the technology company’s stock after buying an additional 1,820 shares during the quarter. Aperio Group LLC’s holdings in Sina Corporation were worth $3,108,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in SINA. Bank of Montreal Can grew its stake in Sina Corporation by 11.7% during the 2nd quarter. Bank of Montreal Can now owns 1,452 shares of the technology company’s stock worth $123,000 after buying an additional 152 shares during the last quarter. US Bancorp DE grew its stake in Sina Corporation by 55.1% during the 2nd quarter. US Bancorp DE now owns 1,501 shares of the technology company’s stock worth $127,000 after buying an additional 533 shares during the last quarter. Bronfman E.L. Rothschild L.P. purchased a new position in Sina Corporation during the 2nd quarter worth approximately $136,000. Nomura Asset Management Co. Ltd. grew its stake in Sina Corporation by 11.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,330 shares of the technology company’s stock worth $168,000 after buying an additional 230 shares during the last quarter. Finally, ETF Managers Group LLC purchased a new position in Sina Corporation during the 2nd quarter worth approximately $180,000. Hedge funds and other institutional investors own 67.13% of the company’s stock.
SINA has been the topic of a number of research reports. Jefferies Group LLC restated a “buy” rating and set a $122.00 price target on shares of Sina Corporation in a research note on Friday, July 14th. Zacks Investment Research downgraded Sina Corporation from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. Benchmark Co. lifted their target price on Sina Corporation from $142.00 to $157.00 and gave the company a “buy” rating in a research note on Wednesday. BidaskClub downgraded Sina Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $119.00 target price (up from $112.00) on shares of Sina Corporation in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $109.96.
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Shares of Sina Corporation (SINA) opened at $105.84 on Friday. The company has a quick ratio of 2.69, a current ratio of 2.68 and a debt-to-equity ratio of 0.04. Sina Corporation has a 12 month low of $60.46 and a 12 month high of $119.20. The firm has a market capitalization of $7,637.05, a P/E ratio of 73.14 and a beta of 1.03.
Sina Corporation (NASDAQ:SINA) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.26. Sina Corporation had a return on equity of 3.36% and a net margin of 9.41%. The firm had revenue of $440.50 million for the quarter, compared to the consensus estimate of $404.71 million. During the same period in the previous year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 60.2% compared to the same quarter last year. research analysts anticipate that Sina Corporation will post 2.27 EPS for the current year.
Sina Corporation 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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