PDT Partners LLC increased its stake in Sina Corporation (NASDAQ:SINA) by 24.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,210 shares of the technology company’s stock after purchasing an additional 26,912 shares during the quarter. PDT Partners LLC owned about 0.20% of Sina Corporation worth $11,829,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SINA. BlackRock Inc. lifted its holdings in Sina Corporation by 1,354.9% in the first quarter. BlackRock Inc. now owns 2,502,738 shares of the technology company’s stock worth $180,498,000 after purchasing an additional 2,702,176 shares during the period. Platinum Investment Management Ltd. lifted its holdings in Sina Corporation by 27.8% in the first quarter. Platinum Investment Management Ltd. now owns 2,912,881 shares of the technology company’s stock worth $210,076,000 after purchasing an additional 632,879 shares during the period. Renaissance Technologies LLC acquired a new stake in Sina Corporation in the second quarter worth about $52,605,000. Green Court Capital Management Ltd acquired a new stake in Sina Corporation in the second quarter worth about $51,607,000. Finally, State of Wisconsin Investment Board lifted its holdings in Sina Corporation by 623.4% in the second quarter. State of Wisconsin Investment Board now owns 416,700 shares of the technology company’s stock worth $35,407,000 after purchasing an additional 359,100 shares during the period. 66.99% of the stock is owned by institutional investors and hedge funds.

Shares of Sina Corporation (NASDAQ:SINA) traded up 1.05% during midday trading on Friday, reaching $114.65. 573,903 shares of the company’s stock traded hands. The firm has a market capitalization of $8.16 billion, a P/E ratio of 37.54 and a beta of 1.18. Sina Corporation has a 52-week low of $60.46 and a 52-week high of $118.85. The stock’s 50 day moving average price is $103.62 and its 200 day moving average price is $88.29.

Sina Corporation (NASDAQ:SINA) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.27. The business had revenue of $358.93 million for the quarter, compared to analysts’ expectations of $344.23 million. Sina Corporation had a return on equity of 6.58% and a net margin of 18.64%. The firm’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 earnings per share. On average, equities research analysts anticipate that Sina Corporation will post $2.95 EPS for the current fiscal year.

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Several equities research analysts recently weighed in on SINA shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $122.00 price objective on shares of Sina Corporation in a report on Friday, July 14th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Sina Corporation in a report on Friday, June 23rd. BidaskClub downgraded shares of Sina Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Sina Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $119.00 price objective (up previously from $112.00) on shares of Sina Corporation in a 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 stock. The company has a consensus rating of “Buy” and a consensus price target of $101.74.

About Sina Corporation

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

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