SG Americas Securities LLC purchased a new stake in shares of SINA Corp (NASDAQ:SINA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,335 shares of the technology company’s stock, valued at approximately $612,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SINA. Lindbrook Capital LLC grew its position in SINA by 66.8% during the first quarter. Lindbrook Capital LLC now owns 482 shares of the technology company’s stock valued at $28,000 after buying an additional 193 shares during the period. AlphaOne Investment Services LLC purchased a new stake in SINA during the fourth quarter valued at about $37,000. Quadrant Capital Group LLC lifted its holdings in SINA by 558.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,252 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,062 shares during the last quarter. Huntington National Bank purchased a new stake in SINA during the first quarter valued at about $191,000. Finally, XR Securities LLC purchased a new stake in SINA during the first quarter valued at about $219,000. Institutional investors own 62.97% of the company’s stock.

Several research firms have commented on SINA. BidaskClub downgraded shares of SINA from a “sell” rating to a “strong sell” rating in a report on Friday. Zacks Investment Research raised shares of SINA from a “sell” rating to a “hold” rating and set a $67.00 price objective on the stock in a report on Friday, February 1st. Benchmark upped their price objective on shares of SINA from $96.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Deutsche Bank downgraded shares of SINA from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $94.50.

NASDAQ SINA traded up $0.66 during trading on Tuesday, hitting $47.76. 7,878 shares of the company’s stock traded hands, compared to its average volume of 802,330. The company has a market cap of $3.39 billion, a PE ratio of 28.10 and a beta of 1.08. SINA Corp has a 12-month low of $47.00 and a 12-month high of $96.71. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.23.

SINA (NASDAQ:SINA) last announced its quarterly earnings results on Tuesday, March 5th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.48). SINA had a return on equity of 3.39% and a net margin of 5.96%. The firm had revenue of $573.01 million during the quarter, compared to analysts’ expectations of $575.29 million. During the same period in the previous year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts anticipate that SINA Corp will post 3.23 EPS for the current year.

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SINA Profile

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; business news coverage and personal finance columns; sporting events news; automobile-related news; entertainment news and events; technology updates; interactive video products, such as news, sports, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels.

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Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

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