Sina Corporation (SINA) Holdings Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in shares of Sina Corporation (NASDAQ:SINA) by 74.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 502,869 shares of the technology company’s stock after acquiring an additional 214,940 shares during the quarter. Russell Investments Group Ltd. owned about 0.70% of Sina Corporation worth $57,641,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bank of Montreal Can increased its stake in Sina Corporation by 11.7% during the second quarter. Bank of Montreal Can now owns 1,452 shares of the technology company’s stock worth $123,000 after acquiring an additional 152 shares during the last quarter. Cadence Capital Management LLC increased its stake in Sina Corporation by 1.6% during the second quarter. Cadence Capital Management LLC now owns 10,000 shares of the technology company’s stock worth $850,000 after acquiring an additional 160 shares during the last quarter. Shell Asset Management Co. increased its stake in Sina Corporation by 0.6% during the second quarter. Shell Asset Management Co. now owns 32,249 shares of the technology company’s stock worth $2,740,000 after acquiring an additional 198 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Sina Corporation by 11.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 2,330 shares of the technology company’s stock worth $168,000 after acquiring an additional 230 shares during the last quarter. Finally, Navellier & Associates Inc increased its stake in Sina Corporation by 2.2% during the second quarter. Navellier & Associates Inc now owns 13,554 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 295 shares during the last quarter. 68.47% of the stock is owned by institutional investors.

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Shares of Sina Corporation (SINA) traded down $1.11 during midday trading on Friday, hitting $106.40. The stock had a trading volume of 1,024,287 shares, compared to its average volume of 1,078,465. Sina Corporation has a twelve month low of $60.46 and a twelve month high of $119.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.68 and a quick ratio of 2.68. The firm has a market capitalization of $7,690.00, a PE ratio of 72.94 and a beta of 1.06.

Sina Corporation (NASDAQ:SINA) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.26. Sina Corporation had a return on equity of 3.36% and a net margin of 9.41%. The business had revenue of $440.50 million during the quarter, compared to analysts’ expectations of $404.71 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The company’s revenue was up 60.2% on a year-over-year basis. analysts expect that Sina Corporation will post 2.26 EPS for the current year.

SINA has been the subject of several recent analyst reports. BidaskClub cut Sina Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut Sina Corporation from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. Bank of America Corporation reissued a “buy” rating and set a $119.00 target price (up previously from $112.00) on shares of Sina Corporation in a research note on Thursday, August 10th. Citigroup Inc. raised their target price on Sina Corporation to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Finally, Benchmark Co. raised their target price on Sina Corporation from $142.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Sina Corporation has an average rating of “Buy” and a consensus price target of $109.96.

Sina Corporation Company Profile

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

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