Sina Corporation (SINA) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI trimmed its position in Sina Corporation (NASDAQ:SINA) by 14.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,606 shares of the technology company’s stock after selling 755 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Sina Corporation were worth $391,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SINA. DekaBank Deutsche Girozentrale bought a new position in Sina Corporation in the 1st quarter valued at about $795,000. Bank of Montreal Can raised its holdings in Sina Corporation by 11.7% in the 2nd quarter. Bank of Montreal Can now owns 1,452 shares of the technology company’s stock valued at $123,000 after acquiring an additional 152 shares during the period. US Bancorp DE raised its holdings in Sina Corporation by 55.1% in the 2nd quarter. US Bancorp DE now owns 1,501 shares of the technology company’s stock valued at $127,000 after acquiring an additional 533 shares during the period. Bronfman E.L. Rothschild L.P. bought a new position in Sina Corporation in the 2nd quarter valued at about $136,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Sina Corporation by 11.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,330 shares of the technology company’s stock valued at $168,000 after acquiring an additional 230 shares during the period. 67.01% of the stock is currently owned by institutional investors.

Sina Corporation (NASDAQ SINA) opened at 111.16 on Monday. Sina Corporation has a 12 month low of $60.46 and a 12 month high of $113.88. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 36.40 and a beta of 1.18. The firm’s 50 day moving average is $99.16 and its 200-day moving average is $85.86.

Sina Corporation (NASDAQ:SINA) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.27. Sina Corporation had a net margin of 18.64% and a return on equity of 6.58%. The company had revenue of $358.93 million for the quarter, compared to analyst estimates of $344.23 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 47.1% compared to the same quarter last year. On average, equities analysts forecast that Sina Corporation will post $2.92 EPS for the current year.

Several research analysts have weighed in on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $122.00 price target on shares of Sina Corporation in a report on Tuesday, May 30th. Citigroup Inc. increased their price target on shares of Sina Corporation to $140.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Stifel Nicolaus reissued a “hold” rating and issued a $92.00 price target (up from $74.00) on shares of Sina Corporation in a report on Wednesday, May 17th. BidaskClub raised shares of Sina Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Zacks Investment Research cut shares of Sina Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $101.74.

ILLEGAL ACTIVITY WARNING: This article was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://sportsperspectives.com/2017/09/11/sina-corporation-sina-shares-sold-by-commerzbank-aktiengesellschaft-fi.html.

About Sina Corporation

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.

Institutional Ownership by Quarter for Sina Corporation (NASDAQ:SINA)

Receive News & Ratings for Sina Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sina Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply