Aristotle Fund L.P. purchased a new stake in shares of SINA Corp (NASDAQ:SINA) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 56,000 shares of the technology company’s stock, valued at approximately $3,317,000. SINA accounts for about 16.6% of Aristotle Fund L.P.’s holdings, making the stock its 2nd biggest holding. Aristotle Fund L.P. owned 0.08% of SINA as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its holdings in shares of SINA by 66.8% during the 1st 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 bought a new position in shares of SINA during the 4th quarter valued at $37,000. Quadrant Capital Group LLC lifted its holdings in shares of SINA by 558.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,252 shares of the technology company’s stock valued at $65,000 after buying an additional 1,062 shares during the period. Huntington National Bank bought a new position in shares of SINA during the 1st quarter valued at $191,000. Finally, XR Securities LLC bought a new position in shares of SINA during the 1st quarter valued at $219,000. 62.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SINA stock opened at $55.73 on Friday. SINA Corp has a one year low of $51.76 and a one year high of $96.71. The firm has a market capitalization of $4.07 billion, a P/E ratio of 32.78 and a beta of 1.08. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.23.
SINA (NASDAQ:SINA) last posted its quarterly earnings results on Tuesday, March 5th. The technology company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.48). The business had revenue of $573.01 million for the quarter, compared to the consensus estimate of $575.29 million. SINA had a net margin of 5.96% and a return on equity of 3.39%. SINA’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share. As a group, analysts forecast that SINA Corp will post 3.23 earnings per share for the current year.
A number of equities analysts recently commented on the company. BidaskClub raised SINA from a “strong sell” rating to a “sell” rating in a report on Saturday, February 23rd. Benchmark raised their target price on SINA from $96.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Zacks Investment Research cut SINA from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Deutsche Bank cut SINA from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, Credit Suisse Group assumed coverage on SINA in a report on Monday, February 4th. They issued a “neutral” rating and a $58.50 target price on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. SINA has a consensus rating of “Hold” and a consensus target price of $94.50.
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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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