Sina Corporation (SINA) Shares Sold by Doliver Capital Advisors LP
Doliver Capital Advisors LP reduced its stake in shares of Sina Corporation (NASDAQ:SINA) by 20.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,265 shares of the technology company’s stock after selling 580 shares during the quarter. Doliver Capital Advisors LP’s holdings in Sina Corporation were worth $260,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 valued at $180,498,000 after buying an additional 2,702,176 shares during the period. Koch Industries Inc. acquired a new position in Sina Corporation in the second quarter valued at approximately $1,385,000. Renaissance Technologies LLC acquired a new position in Sina Corporation in the second quarter valued at approximately $52,605,000. Platinum Investment Management Ltd. lifted its holdings in Sina Corporation by 14.9% in the second quarter. Platinum Investment Management Ltd. now owns 3,348,101 shares of the technology company’s stock valued at $284,488,000 after buying an additional 435,220 shares during the period. 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 valued at $35,407,000 after buying an additional 359,100 shares during the period. 67.13% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Sina Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Sina Corporation from a “hold” rating to a “sell” rating in a report on Thursday. Jefferies Group LLC restated a “buy” rating on shares of Sina Corporation in a report on Friday, August 11th. Citigroup Inc. increased their price objective on shares of Sina Corporation to $140.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, Benchmark Co. increased their target price on shares of Sina Corporation from $142.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday. One 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 stock. Sina Corporation currently has an average rating of “Buy” and an average target price of $109.96.
Sina Corporation (SINA) traded down $0.95 on Friday, reaching $105.84. 706,424 shares of the company’s stock traded hands, compared to its average volume of 1,209,666. The company has a current ratio of 2.68, a quick ratio of 2.69 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $7,637.05, a price-to-earnings ratio of 73.14 and a beta of 1.03. Sina Corporation has a 12 month low of $60.46 and a 12 month high of $119.20.
Sina Corporation (NASDAQ:SINA) last posted its earnings results on Tuesday, November 7th. The technology company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.26. The company had revenue of $440.50 million for the quarter, compared to analyst estimates of $404.71 million. Sina Corporation had a net margin of 9.41% and a return on equity of 3.36%. The business’s revenue for the quarter was up 60.2% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. research analysts forecast that Sina Corporation will post 2.27 earnings per share for the current fiscal year.
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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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