TIAA CREF Investment Management LLC grew its holdings in Sina Corporation (NASDAQ:SINA) by 23.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,191 shares of the technology company’s stock after buying an additional 25,826 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.19% of Sina Corporation worth $11,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SINA. Comerica Bank lifted its holdings in shares of Sina Corporation by 1.4% in the 1st 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 period. UBS Asset Management Americas Inc. grew its holdings in Sina Corporation by 19.9% during the first quarter. UBS Asset Management Americas Inc. now owns 113,400 shares of the technology company’s stock worth $8,178,000 after acquiring an additional 18,800 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Sina Corporation by 9.8% during the first quarter. Parametric Portfolio Associates LLC now owns 110,363 shares of the technology company’s stock worth $7,959,000 after acquiring an additional 9,813 shares during the period. Cornerstone Capital Management Holdings LLC. grew its holdings in Sina Corporation by 123.4% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 27,700 shares of the technology company’s stock worth $1,997,000 after acquiring an additional 15,300 shares during the period. Finally, Credit Agricole S A grew its holdings in Sina Corporation by 297.6% during the first quarter. Credit Agricole S A now owns 65,600 shares of the technology company’s stock worth $4,732,000 after acquiring an additional 49,100 shares during the period. 66.91% of the stock is owned by institutional investors and hedge funds.

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Shares of Sina Corporation (SINA) opened at 118.67 on Wednesday. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 38.86 and a beta of 1.16. Sina Corporation has a 12-month low of $60.46 and a 12-month high of $119.20. The firm has a 50-day moving average price of $108.70 and a 200 day moving average price of $91.51.

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

SINA has been the subject of several research analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $122.00 price objective on shares of Sina Corporation in a research report on Friday, July 14th. Bank of America Corporation restated a “buy” rating and set a $119.00 target price (up from $112.00) on shares of Sina Corporation in a research report on Thursday, August 10th. Stifel Nicolaus restated a “hold” rating on shares of Sina Corporation in a research report on Friday, June 23rd. Zacks Investment Research cut shares of Sina Corporation from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Citigroup Inc. upped their price target on shares of Sina Corporation to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Sina Corporation currently has a consensus rating of “Buy” and a consensus price target of $101.74.

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.

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

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