Solaris Asset Management LLC held its position in shares of Sina Corporation (NASDAQ:SINA) during the second quarter, Holdings Channel reports. The institutional investor owned 1,225 shares of the technology company’s stock at the end of the second quarter. Solaris Asset Management LLC’s holdings in Sina Corporation were worth $104,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SINA. Teacher Retirement System of Texas raised its position in shares of 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 valued at $331,000 after buying an additional 18 shares during the last quarter. World Asset Management Inc raised its position in shares of Sina Corporation by 1.2% in the first quarter. World Asset Management Inc now owns 4,401 shares of the technology company’s stock valued at $317,000 after buying an additional 52 shares during the last quarter. Comerica Bank raised its position in shares of Sina Corporation by 1.4% in the first quarter. Comerica Bank now owns 4,063 shares of the technology company’s stock valued at $312,000 after buying an additional 55 shares during the last quarter. Bank of Montreal Can raised its position in shares of Sina Corporation by 11.7% in the second quarter. Bank of Montreal Can now owns 1,452 shares of the technology company’s stock valued at $123,000 after buying an additional 152 shares during the last quarter. Finally, Shell Asset Management Co. raised its position in shares of Sina Corporation by 0.6% in the second quarter. Shell Asset Management Co. now owns 32,249 shares of the technology company’s stock valued at $2,740,000 after buying an additional 198 shares during the last quarter. 66.43% of the stock is currently owned by institutional investors.

Sina Corporation (NASDAQ SINA) opened at 100.00 on Thursday. The company has a 50 day moving average of $91.54 and a 200 day moving average of $81.53. The firm has a market capitalization of $7.10 billion, a P/E ratio of 30.54 and a beta of 1.24. Sina Corporation has a 1-year low of $60.46 and a 1-year high of $105.99.

Sina Corporation (NASDAQ:SINA) last announced its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.27. Sina Corporation had a return on equity of 6.19% and a net margin of 22.36%. The business had revenue of $358.93 million for the quarter, compared to analysts’ expectations of $344.23 million. During the same period in the previous year, the business posted $0.27 EPS. The firm’s quarterly revenue was up 47.1% compared to the same quarter last year. On average, equities research analysts anticipate that Sina Corporation will post $2.74 earnings per share for the current year.

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Several brokerages have recently weighed in on SINA. Stifel Nicolaus reissued a “hold” rating and issued a $92.00 price objective (up from $74.00) on shares of Sina Corporation in a research report on Wednesday, May 17th. Jefferies Group LLC reissued a “buy” rating and issued a $122.00 price objective on shares of Sina Corporation in a research report on Wednesday, May 17th. Benchmark Co. started coverage on shares of Sina Corporation in a research report on Tuesday, April 18th. They issued a “buy” rating and a $110.00 price objective on the stock. BidaskClub upgraded shares of Sina Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Finally, T.H. Capital upped their price target on shares of Sina Corporation from $62.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, May 12th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $93.81.

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.

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

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