GSA Capital Partners LLP grew its holdings in shares of Sina Corporation (NASDAQ:SINA) by 27.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,414 shares of the technology company’s stock after purchasing an additional 1,157 shares during the period. GSA Capital Partners LLP’s holdings in Sina Corporation were worth $460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SINA. BlackRock Inc. increased its position in 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 purchasing an additional 2,702,176 shares during the period. Platinum Investment Management Ltd. increased its position in 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 purchasing an additional 632,879 shares during the period. Green Court Capital Management Ltd acquired a new position in Sina Corporation during the 2nd quarter worth approximately $51,607,000. State of Wisconsin Investment Board increased its position in Sina Corporation by 623.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 416,700 shares of the technology company’s stock worth $35,407,000 after purchasing an additional 359,100 shares during the period. Finally, Seatown Holdings Pte. Ltd. acquired a new position in Sina Corporation during the 2nd quarter worth approximately $21,243,000. Institutional investors own 66.91% of the company’s stock.

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A number of research firms recently weighed in on SINA. Jefferies Group LLC restated a “buy” rating and issued a $122.00 price target on shares of Sina Corporation in a report on Friday, July 14th. Bank of America Corporation restated a “buy” rating and issued a $119.00 price target (up previously from $112.00) on shares of Sina Corporation in a report on Thursday, August 10th. Stifel Nicolaus restated a “hold” rating on shares of Sina Corporation in a report on Friday, June 23rd. Zacks Investment Research cut Sina Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, Citigroup Inc. upped their price target on Sina Corporation to $140.00 and gave the stock 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 issued a buy rating and one has assigned a strong buy rating to the company. Sina Corporation currently has a consensus rating of “Buy” and a consensus price target of $104.08.

Shares of Sina Corporation (NASDAQ SINA) opened at 113.93 on Thursday. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 37.31 and a beta of 1.16. Sina Corporation has a 1-year low of $60.46 and a 1-year high of $119.20. The company has a 50-day moving average price of $111.43 and a 200-day moving average price of $93.23.

Sina Corporation (NASDAQ:SINA) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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%. The firm’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, equities analysts expect 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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