Teacher Retirement System of Texas lowered its position in SINA Corp (NASDAQ:SINA) by 5.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,693 shares of the technology company’s stock after selling 2,103 shares during the period. Teacher Retirement System of Texas’ holdings in SINA were worth $3,380,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of SINA by 394.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,113 shares of the technology company’s stock worth $19,414,000 after acquiring an additional 136,537 shares in the last quarter. Dorsey Wright & Associates raised its position in shares of SINA by 48.8% in the 3rd quarter. Dorsey Wright & Associates now owns 57,517 shares of the technology company’s stock worth $6,564,000 after acquiring an additional 18,853 shares in the last quarter. Shamrock Asset Management LLC bought a new position in shares of SINA in the 4th quarter worth approximately $940,000. Westpac Banking Corp raised its position in shares of SINA by 34.8% in the 3rd quarter. Westpac Banking Corp now owns 28,427 shares of the technology company’s stock worth $3,259,000 after acquiring an additional 7,335 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of SINA by 73.6% in the 3rd quarter. SG Americas Securities LLC now owns 56,214 shares of the technology company’s stock worth $6,445,000 after acquiring an additional 23,834 shares in the last quarter. 66.10% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on SINA. Benchmark increased their target price on SINA from $157.00 to $174.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Zacks Investment Research raised SINA from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. BidaskClub raised SINA from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Jefferies Group reaffirmed a “buy” rating and set a $175.00 price objective on shares of SINA in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. raised their price objective on SINA from $175.00 to $179.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $139.00.
SINA (NASDAQ:SINA) last posted its earnings results on Tuesday, February 13th. The technology company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.29. The business had revenue of $503.70 million during the quarter, compared to analyst estimates of $482.59 million. SINA had a return on equity of 3.99% and a net margin of 9.89%. The company’s quarterly revenue was up 62.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 EPS. equities analysts forecast that SINA Corp will post 3.1 earnings per share for the current year.
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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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