Schroder Investment Management Group decreased its holdings in Sina Corporation (NASDAQ:SINA) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,879,826 shares of the technology company’s stock after selling 35,156 shares during the quarter. Sina Corporation makes up 0.6% of Schroder Investment Management Group’s portfolio, making the stock its 29th biggest position. Schroder Investment Management Group owned 5.47% of Sina Corporation worth $331,298,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SINA. BlackRock Inc. lifted its stake in shares of Sina Corporation by 1,354.9% in the first quarter. BlackRock Inc. now owns 2,502,738 shares of the technology company’s stock worth $180,498,000 after acquiring an additional 2,702,176 shares in the last quarter. Platinum Investment Management Ltd. lifted its stake in shares of Sina Corporation by 27.8% in the first quarter. Platinum Investment Management Ltd. now owns 2,912,881 shares of the technology company’s stock worth $210,076,000 after acquiring an additional 632,879 shares in the last quarter. Green Court Capital Management Ltd acquired a new position in shares of Sina Corporation in the second quarter worth about $51,607,000. William Blair Investment Management LLC acquired a new position in shares of Sina Corporation in the first quarter worth about $31,895,000. Finally, Neuberger Berman Group LLC lifted its stake in shares of Sina Corporation by 141.0% in the first quarter. Neuberger Berman Group LLC now owns 696,037 shares of the technology company’s stock worth $50,198,000 after acquiring an additional 407,189 shares in the last quarter. Institutional investors and hedge funds own 67.01% of the company’s stock.

Shares of Sina Corporation (NASDAQ SINA) traded up 1.584% during mid-day trading on Wednesday, reaching $107.517. The company had a trading volume of 645,659 shares. The company has a market capitalization of $7.65 billion, a PE ratio of 35.205 and a beta of 1.18. The company’s 50-day moving average price is $97.69 and its 200-day moving average price is $85.32. Sina Corporation has a 52-week low of $60.46 and a 52-week high of $109.00.

Sina Corporation (NASDAQ:SINA) last released its earnings results on Wednesday, August 9th. The technology company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $358.93 million during the quarter, compared to analysts’ expectations of $344.23 million. During the same quarter last year, the company earned $0.27 earnings per share. The firm’s revenue was up 47.1% on a year-over-year basis. On average, analysts forecast that Sina Corporation will post $2.92 earnings per share for the current fiscal year.

SINA has been the topic of several recent analyst reports. T.H. Capital boosted their price target on Sina Corporation from $62.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, May 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $122.00 price target on shares of Sina Corporation in a research note on Wednesday, May 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $92.00 price target (up previously from $74.00) on shares of Sina Corporation in a research note on Wednesday, May 17th. BidaskClub cut Sina Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research cut Sina Corporation from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Sina Corporation presently has a consensus rating of “Buy” and a consensus target price of $101.74.

ILLEGAL ACTIVITY NOTICE: “Sina Corporation (SINA) Position Lowered by Schroder Investment Management Group” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://theolympiareport.com/2017/09/06/sina-corporation-sina-position-lowered-by-schroder-investment-management-group.html.

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.

Want to see what other hedge funds are holding SINA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sina Corporation (NASDAQ:SINA).

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 Analyst Ratings Network's FREE daily email newsletter.