JPMorgan Chase & Co. lifted its stake in SINA Corp (NASDAQ:SINA) by 394.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,113 shares of the technology company’s stock after acquiring an additional 136,537 shares during the period. JPMorgan Chase & Co. owned approximately 0.24% of SINA worth $19,414,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SINA. Bank of Montreal Can lifted its position in SINA 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 purchasing an additional 152 shares during the period. US Bancorp DE lifted its position in SINA by 55.1% in the second quarter. US Bancorp DE now owns 1,501 shares of the technology company’s stock worth $127,000 after purchasing an additional 533 shares during the period. Bronfman E.L. Rothschild L.P. bought a new position in SINA in the second quarter worth $136,000. ETF Managers Group LLC bought a new position in SINA in the second quarter worth $180,000. Finally, Verition Fund Management LLC bought a new position in SINA in the second quarter worth $205,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Several research analysts recently commented on the company. Zacks Investment Research cut SINA from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Benchmark raised their target price on SINA from $142.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, BidaskClub cut SINA from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $120.67.

SINA Corp (SINA) opened at $100.90 on Friday. The stock has a market capitalization of $7,215.86, a price-to-earnings ratio of 69.11 and a beta of 0.95. SINA Corp has a twelve month low of $60.46 and a twelve month high of $119.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.68 and a current ratio of 2.68.

SINA (NASDAQ:SINA) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.26. SINA had a return on equity of 3.36% and a net margin of 9.41%. The company had revenue of $440.50 million during the quarter, compared to analysts’ expectations of $404.71 million. During the same period last year, the business earned $0.56 earnings per share. The business’s revenue was up 60.2% on a year-over-year basis. equities research analysts anticipate that SINA Corp will post 2.13 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “SINA Corp (SINA) Shares Bought by JPMorgan Chase & Co.” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.watchlistnews.com/sina-corp-sina-shares-bought-by-jpmorgan-chase-co/1769354.html.

SINA 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 (NASDAQ:SINA)

Receive News & Ratings for SINA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SINA and related companies with Analyst Ratings Network's FREE daily email newsletter.