Eaton Vance Management purchased a new position in Sina Corporation (NASDAQ:SINA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,235 shares of the technology company’s stock, valued at approximately $700,000.

A number of other institutional investors have also bought and sold shares of the business. Teacher Retirement System of Texas grew its position in Sina Corporation by 0.4% in the first quarter. Teacher Retirement System of Texas now owns 4,583 shares of the technology company’s stock worth $331,000 after buying an additional 18 shares during the last quarter. World Asset Management Inc grew its position in Sina Corporation by 1.2% in the first quarter. World Asset Management Inc now owns 4,401 shares of the technology company’s stock worth $317,000 after buying an additional 52 shares during the last quarter. Comerica Bank grew its position in Sina Corporation by 1.4% in the first quarter. Comerica Bank now owns 4,063 shares of the technology company’s stock worth $312,000 after buying an additional 55 shares during the last quarter. Bank of Montreal Can grew its position in Sina Corporation by 11.7% in the second 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. Finally, Cadence Capital Management LLC grew its position in Sina Corporation by 1.6% in the second quarter. Cadence Capital Management LLC now owns 10,000 shares of the technology company’s stock worth $850,000 after buying an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 66.99% of the company’s stock.

Several research analysts have issued reports on SINA shares. Jefferies Group LLC restated a “buy” rating and issued a $122.00 price target on shares of Sina Corporation in a research report on Tuesday, May 30th. Stifel Nicolaus restated a “hold” rating on shares of Sina Corporation in a research report on Friday, June 23rd. BidaskClub lowered shares of Sina Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Citigroup Inc. lifted their price target on shares of Sina Corporation to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Bank of America Corporation restated a “buy” rating and issued a $119.00 price target (up previously from $112.00) on shares of Sina Corporation in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $101.74.

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Sina Corporation (NASDAQ:SINA) opened at 115.68 on Monday. The stock has a market capitalization of $8.24 billion, a PE ratio of 37.88 and a beta of 1.18. The firm’s 50-day moving average is $103.62 and its 200 day moving average is $88.29. Sina Corporation has a 52-week low of $60.46 and a 52-week high of $118.85.

Sina Corporation (NASDAQ:SINA) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.27. Sina Corporation had a net margin of 18.64% and a return on equity of 6.58%. The firm had revenue of $358.93 million during the quarter, compared to the consensus estimate of $344.23 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 47.1% on a year-over-year basis. On average, equities analysts forecast that Sina Corporation will post $2.92 earnings per share for the current year.

Sina Corporation Company 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.

Institutional Ownership by Quarter for Sina Corporation (NASDAQ:SINA)

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