US Bancorp DE boosted its stake in shares of Sina Corporation (NASDAQ:SINA) by 55.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,501 shares of the technology company’s stock after buying an additional 533 shares during the period. US Bancorp DE’s holdings in Sina Corporation were worth $127,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SINA. Aperio Group LLC raised its stake in Sina Corporation by 11.3% in the second quarter. Aperio Group LLC now owns 25,290 shares of the technology company’s stock valued at $2,149,000 after buying an additional 2,565 shares in the last quarter. Eqis Capital Management Inc. raised its stake in Sina Corporation by 25.0% in the second quarter. Eqis Capital Management Inc. now owns 11,114 shares of the technology company’s stock valued at $944,000 after buying an additional 2,221 shares in the last quarter. Green Court Capital Management Ltd purchased a new stake in Sina Corporation during the second quarter valued at $51,607,000. Bank of Montreal Can raised its stake in 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 in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Sina Corporation during the second quarter valued at $374,000. Institutional investors own 67.01% of the company’s stock.

Sina Corporation (NASDAQ:SINA) traded up 1.48% during midday trading on Wednesday, reaching $99.52. The company’s stock had a trading volume of 301,599 shares. Sina Corporation has a 12-month low of $60.46 and a 12-month high of $105.99. The firm has a 50 day moving average price of $95.58 and a 200-day moving average price of $83.96. The company has a market cap of $7.09 billion, a P/E ratio of 32.59 and a beta of 1.24.

Sina Corporation (NASDAQ:SINA) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.27. The firm had revenue of $358.93 million during the quarter, compared to the consensus estimate of $344.23 million. Sina Corporation had a net margin of 18.64% and a return on equity of 6.58%. The company’s revenue was up 47.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, equities research analysts predict that Sina Corporation will post $2.87 earnings per share for the current fiscal year.

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Several research firms recently weighed in on SINA. Zacks Investment Research lowered Sina Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. Jefferies Group LLC restated a “buy” rating on shares of Sina Corporation in a research report on Friday, August 11th. Bank of America Corporation restated a “buy” rating and set a $119.00 price target (up from $112.00) on shares of Sina Corporation in a research report on Thursday, August 10th. Citigroup Inc. lifted their price target on Sina Corporation to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, BidaskClub upgraded Sina Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average 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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