SG Americas Securities LLC Has $2.23 Million Holdings in Sina Corp (SINA)

SG Americas Securities LLC lessened its holdings in Sina Corp (NASDAQ:SINA) by 28.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 21,363 shares of the technology company’s stock after selling 8,307 shares during the period. SG Americas Securities LLC’s holdings in Sina were worth $2,228,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SINA. HBK Investments L P increased its stake in Sina by 95.6% in the 4th quarter. HBK Investments L P now owns 1,186,821 shares of the technology company’s stock worth $119,050,000 after buying an additional 580,073 shares in the last quarter. Platinum Investment Management Ltd. grew its position in shares of Sina by 16.1% during the fourth quarter. Platinum Investment Management Ltd. now owns 3,365,882 shares of the technology company’s stock valued at $337,631,000 after purchasing an additional 466,731 shares in the last quarter. Ariose Capital Management Ltd grew its position in shares of Sina by 472.9% during the first quarter. Ariose Capital Management Ltd now owns 531,400 shares of the technology company’s stock valued at $55,409,000 after purchasing an additional 438,644 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Sina by 129.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 533,073 shares of the technology company’s stock valued at $53,473,000 after purchasing an additional 301,248 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Sina by 9.3% during the fourth quarter. BlackRock Inc. now owns 2,673,227 shares of the technology company’s stock valued at $268,152,000 after purchasing an additional 226,476 shares in the last quarter. Institutional investors and hedge funds own 66.81% of the company’s stock.

Shares of Sina opened at $91.45 on Wednesday, Marketbeat Ratings reports. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. Sina Corp has a 12 month low of $89.73 and a 12 month high of $91.75. The stock has a market capitalization of $6.55 billion, a P/E ratio of 43.76 and a beta of 1.13.

Sina (NASDAQ:SINA) last announced its quarterly earnings results on Wednesday, May 9th. The technology company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.25. Sina had a net margin of 8.40% and a return on equity of 4.18%. The firm had revenue of $440.70 million during the quarter, compared to the consensus estimate of $435.74 million. During the same quarter last year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 58.5% compared to the same quarter last year. sell-side analysts forecast that Sina Corp will post 2.74 earnings per share for the current year.

SINA has been the subject of a number of research analyst reports. Benchmark raised their price objective on Sina from $157.00 to $174.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. BidaskClub upgraded Sina from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. JPMorgan Chase 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. Zacks Investment Research lowered Sina from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 17th. Finally, ValuEngine upgraded Sina from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Sina has an average rating of “Hold” and an average price target of $141.71.

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.

Institutional Ownership by Quarter for Sina (NASDAQ:SINA)

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