3,714 Shares in SINA Corp (SINA) Purchased by Creative Planning

Creative Planning bought a new position in SINA Corp (NASDAQ:SINA) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,714 shares of the technology company’s stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its holdings in SINA by 81,500.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 32,640 shares of the technology company’s stock worth $2,764,000 after purchasing an additional 32,600 shares in the last quarter. Krane Funds Advisors LLC increased its holdings in SINA by 12.3% in the 2nd quarter. Krane Funds Advisors LLC now owns 664,937 shares of the technology company’s stock worth $56,314,000 after purchasing an additional 72,570 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in SINA by 21.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,800 shares of the technology company’s stock worth $2,524,000 after purchasing an additional 5,200 shares in the last quarter. Trexquant Investment LP increased its holdings in SINA by 32.3% in the 2nd quarter. Trexquant Investment LP now owns 70,103 shares of the technology company’s stock worth $5,937,000 after purchasing an additional 17,124 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in SINA by 11.8% in the 2nd quarter. Macquarie Group Ltd. now owns 3,310,769 shares of the technology company’s stock worth $280,389,000 after purchasing an additional 349,815 shares in the last quarter. 67.03% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $144.00 target price on shares of SINA in a report on Thursday, July 26th. Zacks Investment Research raised SINA from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Monday, July 30th. ValuEngine cut SINA from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 7th. JPMorgan Chase & Co. assumed coverage on SINA in a report on Wednesday, August 29th. They issued an “overweight” rating and a $150.00 target price for the company. Finally, BidaskClub raised SINA from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Three analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $122.40.

NASDAQ SINA opened at $61.82 on Friday. SINA Corp has a 12 month low of $56.67 and a 12 month high of $124.60. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 29.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.02 and a current ratio of 3.02.

SINA (NASDAQ:SINA) last released its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.39. SINA had a return on equity of 4.39% and a net margin of 8.23%. The firm had revenue of $537.36 million for the quarter, compared to analyst estimates of $538.10 million. During the same quarter in the previous year, the company posted $0.70 EPS. The business’s revenue was up 49.7% on a year-over-year basis. Equities research analysts expect that SINA Corp will post 2.26 EPS for the current year.

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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.

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Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

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