SINA Corp (SINA) Shares Bought by AMP Capital Investors Ltd
AMP Capital Investors Ltd raised its holdings in shares of SINA Corp (NASDAQ:SINA) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,300 shares of the technology company’s stock after purchasing an additional 800 shares during the quarter. AMP Capital Investors Ltd’s holdings in SINA were worth $1,066,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Platinum Investment Management Ltd. lifted its position in shares of SINA by 14.9% during the second quarter. Platinum Investment Management Ltd. now owns 3,348,101 shares of the technology company’s stock worth $284,488,000 after purchasing an additional 435,220 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of SINA by 0.4% during the third quarter. Wells Fargo & Company MN now owns 2,334,225 shares of the technology company’s stock worth $267,620,000 after purchasing an additional 8,384 shares during the last quarter. Greenwoods Asset Management Ltd lifted its position in shares of SINA by 2.6% during the third quarter. Greenwoods Asset Management Ltd now owns 1,411,158 shares of the technology company’s stock worth $161,789,000 after purchasing an additional 36,000 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of SINA during the second quarter worth $1,385,000. Finally, State of Wisconsin Investment Board lifted its position in shares of SINA by 79.4% during the third quarter. State of Wisconsin Investment Board now owns 747,500 shares of the technology company’s stock worth $85,701,000 after purchasing an additional 330,800 shares during the last quarter. Institutional investors and hedge funds own 69.26% of the company’s stock.
Several analysts have recently weighed in on SINA shares. Benchmark lifted their target price on SINA from $142.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. BidaskClub upgraded SINA from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Investment Research lowered SINA from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $120.67.
SINA (NASDAQ:SINA) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.51 by $0.26. The firm had revenue of $440.50 million for the quarter, compared to analyst estimates of $404.71 million. SINA had a return on equity of 3.36% and a net margin of 9.41%. The business’s revenue for the quarter was up 60.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 earnings per share. analysts forecast that SINA Corp will post 2.13 EPS for the current year.
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SINA 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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