UBS Group AG trimmed its holdings in SINA Corp (NASDAQ:SINA) by 49.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,487 shares of the technology company’s stock after selling 160,945 shares during the quarter. UBS Group AG owned about 0.23% of SINA worth $5,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Ziegler Capital Management LLC acquired a new position in shares of SINA in the 1st quarter valued at about $1,824,000. Doliver Advisors LP lifted its stake in shares of SINA by 7.0% in the 1st quarter. Doliver Advisors LP now owns 7,633 shares of the technology company’s stock valued at $261,000 after purchasing an additional 500 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of SINA by 3.0% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,725 shares of the technology company’s stock valued at $532,000 after purchasing an additional 480 shares during the period. Macquarie Group Ltd. increased its position in SINA by 0.4% in the 4th quarter. Macquarie Group Ltd. now owns 3,121,688 shares of the technology company’s stock valued at $124,649,000 after buying an additional 11,427 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in SINA by 28.0% in the 4th quarter. Nuveen Asset Management LLC now owns 138,983 shares of the technology company’s stock valued at $5,549,000 after buying an additional 30,438 shares in the last quarter. 57.95% of the stock is currently owned by institutional investors.

A number of analysts recently commented on SINA shares. Benchmark boosted their target price on SINA from $78.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. BOCOM International lowered SINA from a “buy” rating to a “neutral” rating in a research report on Thursday, February 27th. BidaskClub raised SINA from a “sell” rating to a “hold” rating in a research report on Thursday, May 14th. Bank of America decreased their target price on SINA from $63.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, ValuEngine raised SINA from a “hold” rating to a “buy” rating in a research report on Tuesday, March 17th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $49.71.

Shares of SINA opened at $30.04 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.68 and a current ratio of 2.68. The stock has a 50 day moving average price of $33.41 and a two-hundred day moving average price of $36.10. The firm has a market capitalization of $2.24 billion, a P/E ratio of -96.89 and a beta of 1.08. SINA Corp has a 52 week low of $26.04 and a 52 week high of $46.85.

SINA (NASDAQ:SINA) last issued its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.18. The firm had revenue of $435.10 million during the quarter, compared to analyst estimates of $382.28 million. SINA had a negative return on equity of 0.53% and a negative net margin of 1.00%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. On average, equities analysts forecast that SINA Corp will post -0.62 earnings per share for the current year.

SINA Company Profile

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; business news coverage and personal finance columns; sporting events news; automobile-related news; entertainment news and events; technology updates; interactive video products, such as news, sports, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels.

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Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

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