Quantbot Technologies LP increased its stake in shares of Sina Corporation (NASDAQ:SINA) by 299.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,446 shares of the technology company’s stock after buying an additional 3,332 shares during the quarter. Quantbot Technologies LP’s holdings in Sina Corporation were worth $377,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SINA. BlackRock Inc. boosted its stake in Sina Corporation by 1,354.9% during the first quarter. BlackRock Inc. now owns 2,502,738 shares of the technology company’s stock worth $180,498,000 after buying an additional 2,702,176 shares during the last quarter. Platinum Investment Management Ltd. grew its holdings in Sina Corporation by 27.8% in the 1st quarter. Platinum Investment Management Ltd. now owns 2,912,881 shares of the technology company’s stock valued at $210,076,000 after buying an additional 632,879 shares in the last quarter. Green Court Capital Management Ltd purchased a new stake in Sina Corporation in the 2nd quarter valued at $51,607,000. State of Wisconsin Investment Board grew its holdings in Sina Corporation by 623.4% in the 2nd quarter. State of Wisconsin Investment Board now owns 416,700 shares of the technology company’s stock valued at $35,407,000 after buying an additional 359,100 shares in the last quarter. Finally, Seatown Holdings Pte. Ltd. purchased a new stake in Sina Corporation in the 2nd quarter valued at $21,243,000. Hedge funds and other institutional investors own 66.91% of the company’s stock.

A number of brokerages have issued reports on SINA. Jefferies Group LLC reaffirmed a “buy” rating and issued a $122.00 target price on shares of Sina Corporation in a research note on Friday, July 14th. Zacks Investment Research cut shares of Sina Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. BidaskClub cut shares of Sina Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Bank of America Corporation reissued a “buy” rating and issued a $119.00 price objective (up previously from $112.00) on shares of Sina Corporation in a report on Thursday, August 10th. Finally, Citigroup Inc. upped their price objective on shares of Sina Corporation to $140.00 and gave the company a “buy” rating in a report on Thursday, August 10th. One investment 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 company has a consensus rating of “Buy” and a consensus target price of $101.74.

Shares of Sina Corporation (SINA) opened at 114.65 on Monday. The company’s 50 day moving average price is $103.62 and its 200-day moving average price is $88.29. The firm has a market capitalization of $8.16 billion, a P/E ratio of 37.54 and a beta of 1.15. Sina Corporation has a 12 month low of $60.46 and a 12 month high of $118.85.

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

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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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