Dymon Asia Capital Ltd. decreased its position in shares of Sina Corporation (NASDAQ:SINA) by 22.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,136 shares of the technology company’s stock after selling 31,264 shares during the period. Sina Corporation comprises 12.8% of Dymon Asia Capital Ltd.’s holdings, making the stock its 2nd largest holding. Dymon Asia Capital Ltd. owned approximately 0.15% of Sina Corporation worth $9,103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SINA. BlackRock Inc. boosted its position in shares of Sina Corporation by 1,354.9% during the 1st quarter. BlackRock Inc. now owns 2,502,738 shares of the technology company’s stock worth $180,498,000 after acquiring an additional 2,702,176 shares in the last quarter. Platinum Investment Management Ltd. boosted its position in shares of Sina Corporation by 27.8% during the 1st quarter. Platinum Investment Management Ltd. now owns 2,912,881 shares of the technology company’s stock worth $210,076,000 after acquiring an additional 632,879 shares in the last quarter. Green Court Capital Management Ltd acquired a new stake in shares of Sina Corporation during the 2nd quarter worth approximately $51,607,000. William Blair Investment Management LLC acquired a new stake in shares of Sina Corporation during the 1st quarter worth approximately $31,895,000. Finally, Neuberger Berman Group LLC boosted its position in shares of Sina Corporation by 141.0% during the 1st quarter. Neuberger Berman Group LLC now owns 696,037 shares of the technology company’s stock worth $50,198,000 after acquiring an additional 407,189 shares in the last quarter. Institutional investors and hedge funds own 67.01% of the company’s stock.

Several research firms recently issued reports on SINA. Jefferies Group LLC reiterated a “buy” rating on shares of Sina Corporation in a research report on Friday, August 11th. Citigroup Inc. increased their price target on shares of Sina Corporation to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Bank of America Corporation reiterated a “buy” rating and set a $119.00 price target (up previously from $112.00) on shares of Sina Corporation in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Sina Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, BidaskClub upgraded shares of Sina Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given 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.

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Shares of Sina Corporation (NASDAQ:SINA) traded down 0.93% during mid-day trading on Friday, reaching $116.33. 2,928,781 shares of the company’s stock were exchanged. Sina Corporation has a 52-week low of $60.46 and a 52-week high of $118.85. The firm has a market cap of $8.28 billion, a P/E ratio of 38.09 and a beta of 1.18. The company has a 50 day moving average price of $102.40 and a 200 day moving average price of $87.36.

Sina Corporation (NASDAQ:SINA) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.27. Sina Corporation had a net margin of 18.64% and a return on equity of 6.58%. The business had revenue of $358.93 million during the quarter, compared to analysts’ expectations of $344.23 million. During the same quarter in the previous year, the company earned $0.27 EPS. The business’s quarterly revenue was up 47.1% compared to the same quarter last year. Analysts forecast that Sina Corporation will post $2.92 earnings per share for the current fiscal year.

About Sina Corporation

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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