Bayesian Capital Management LP acquired a new stake in Sina Corporation (NASDAQ:SINA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,100 shares of the technology company’s stock, valued at approximately $858,000.

A number of other large investors have also recently modified their holdings of the business. Teacher Retirement System of Texas grew its position in 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 acquiring an additional 18 shares in the last quarter. World Asset Management Inc grew its position in 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 acquiring an additional 52 shares in the last quarter. Comerica Bank grew its position in 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 acquiring an additional 55 shares in the last quarter. Bank of Montreal Can grew its position 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 acquiring an additional 152 shares in the last quarter. Finally, Cadence Capital Management LLC grew its position in Sina Corporation by 1.6% in the second quarter. Cadence Capital Management LLC now owns 10,000 shares of the technology company’s stock valued at $850,000 after acquiring an additional 160 shares in the last quarter. 66.99% of the stock is owned by institutional investors.

Several brokerages have issued reports on SINA. BidaskClub downgraded shares of Sina Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reissued a “buy” rating on shares of Sina Corporation in a research report on Friday, August 11th. Citigroup Inc. raised 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. Zacks Investment Research downgraded shares of Sina Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Sina Corporation in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $101.74.

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Sina Corporation (SINA) traded down 0.957% during mid-day trading on Thursday, hitting $113.275. 156,663 shares of the stock were exchanged. The company has a 50-day moving average price of $103.62 and a 200-day moving average price of $88.29. Sina Corporation has a one year low of $60.46 and a one year high of $118.85. The company has a market cap of $8.06 billion, a P/E ratio of 37.091 and a beta of 1.18.

Sina Corporation (NASDAQ:SINA) last issued its quarterly 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. Sina Corporation had a return on equity of 6.58% and a net margin of 18.64%. The company had revenue of $358.93 million during the quarter, compared to analyst estimates of $344.23 million. During the same period in the previous year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 47.1% compared to the same quarter last year. On average, analysts predict that Sina Corporation will post $2.95 earnings per share for the current fiscal year.

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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