Sheaff Brock Investment Advisors LLC bought a new stake in shares of Sina Corporation (NASDAQ:SINA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,865 shares of the technology company’s stock, valued at approximately $214,000.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of Sina by 11.7% in the 2nd quarter. Bank of Montreal Can now owns 1,452 shares of the technology company’s stock worth $123,000 after purchasing an additional 152 shares during the last quarter. US Bancorp DE grew its stake in shares of Sina by 55.1% in the 2nd quarter. US Bancorp DE now owns 1,501 shares of the technology company’s stock worth $127,000 after purchasing an additional 533 shares during the last quarter. Bronfman E.L. Rothschild L.P. acquired a new position in shares of Sina in the 2nd quarter worth approximately $136,000. ETF Managers Group LLC acquired a new position in shares of Sina in the 2nd quarter worth approximately $180,000. Finally, Verition Fund Management LLC acquired a new position in shares of Sina in the 2nd quarter worth approximately $205,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on SINA. Zacks Investment Research cut shares of Sina from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. BidaskClub cut shares of Sina from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. Citigroup lifted their price objective on shares of Sina to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Bank of America reaffirmed a “buy” rating and issued a $119.00 price objective (up previously from $112.00) on shares of Sina in a research note on Thursday, August 10th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Sina in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $115.57.

Sina Corporation (NASDAQ SINA) opened at $95.50 on Thursday. Sina Corporation has a fifty-two week low of $60.46 and a fifty-two week high of $119.20. The company has a market cap of $6,936.92, a PE ratio of 66.44 and a beta of 0.95. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.04.

Sina (NASDAQ:SINA) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.51 by $0.26. Sina had a net margin of 9.41% and a return on equity of 3.36%. The company had revenue of $440.50 million during the quarter, compared to analysts’ expectations of $404.71 million. During the same period last year, the company posted $0.56 earnings per share. The business’s revenue for the quarter was up 60.2% on a year-over-year basis. sell-side analysts predict that Sina Corporation will post 2.13 EPS for the current year.

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Sina 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 (NASDAQ:SINA)

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