Sina Corporation (SINA) Shares Sold by TT International
TT International trimmed its stake in Sina Corporation (NASDAQ:SINA) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 315,378 shares of the technology company’s stock after selling 37,333 shares during the period. Sina comprises approximately 6.1% of TT International’s investment portfolio, making the stock its 3rd biggest position. TT International owned approximately 0.44% of Sina worth $36,158,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of Montreal Can grew its holdings in Sina 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 acquiring an additional 152 shares during the period. Cadence Capital Management LLC grew its holdings in Sina by 1.6% during the 2nd quarter. Cadence Capital Management LLC now owns 10,000 shares of the technology company’s stock worth $850,000 after acquiring an additional 160 shares during the period. Navellier & Associates Inc grew its holdings in Sina by 2.2% during the 2nd quarter. Navellier & Associates Inc now owns 13,554 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 295 shares during the period. Aviva PLC grew its holdings in Sina by 3.0% during the 2nd quarter. Aviva PLC now owns 10,400 shares of the technology company’s stock worth $883,000 after acquiring an additional 300 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Sina by 10.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,500 shares of the technology company’s stock worth $631,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.
Shares of Sina Corporation (NASDAQ SINA) opened at $98.20 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market capitalization of $7,122.15, a PE ratio of 68.21 and a beta of 0.95. Sina Corporation has a 12 month low of $60.46 and a 12 month high of $119.20.
Sina (NASDAQ:SINA) last issued its earnings results on Tuesday, November 7th. The technology company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.26. The company had revenue of $440.50 million during the quarter, compared to the consensus estimate of $404.71 million. Sina had a return on equity of 3.36% and a net margin of 9.41%. The firm’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 EPS. analysts anticipate that Sina Corporation will post 2.13 earnings per share for the current year.
A number of analysts have weighed in on the company. Zacks Investment Research downgraded Sina from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Benchmark increased their price target on Sina from $142.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, BidaskClub downgraded Sina from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Sina presently has a consensus rating of “Hold” and a consensus target price of $120.67.
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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.
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