HBK Investments L P increased its holdings in SINA Corp (NASDAQ:SINA) by 95.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,186,821 shares of the technology company’s stock after buying an additional 580,073 shares during the quarter. SINA accounts for about 1.1% of HBK Investments L P’s investment portfolio, making the stock its 7th largest position. HBK Investments L P owned approximately 1.66% of SINA worth $119,050,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of SINA by 394.9% in the third quarter. JPMorgan Chase & Co. now owns 171,113 shares of the technology company’s stock worth $19,414,000 after buying an additional 136,537 shares during the last quarter. Dorsey Wright & Associates lifted its holdings in SINA by 48.8% during the third quarter. Dorsey Wright & Associates now owns 57,517 shares of the technology company’s stock valued at $6,564,000 after purchasing an additional 18,853 shares in the last quarter. Shamrock Asset Management LLC purchased a new position in SINA during the fourth quarter valued at approximately $940,000. Barings LLC purchased a new position in SINA during the fourth quarter valued at approximately $9,403,000. Finally, SG Americas Securities LLC lifted its holdings in SINA by 73.6% during the third quarter. SG Americas Securities LLC now owns 56,214 shares of the technology company’s stock valued at $6,445,000 after purchasing an additional 23,834 shares in the last quarter. 66.10% of the stock is currently owned by institutional investors.
SINA has been the topic of several analyst reports. Zacks Investment Research raised shares of SINA from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. lifted their price target on shares of SINA from $175.00 to $179.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Jefferies Group reaffirmed a “buy” rating and set a $175.00 price target on shares of SINA in a report on Wednesday, January 24th. BidaskClub raised shares of SINA from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, Benchmark lifted their price target on shares of SINA from $157.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. SINA has an average rating of “Buy” and a consensus price target of $139.00.
SINA (NASDAQ:SINA) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.29. The firm had revenue of $503.70 million for the quarter, compared to analysts’ expectations of $482.59 million. SINA had a net margin of 9.89% and a return on equity of 3.99%. The company’s revenue for the quarter was up 62.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 earnings per share. sell-side analysts expect that SINA Corp will post 3.1 EPS for the current year.
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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