State of Wisconsin Investment Board lowered its position in shares of SINA Corp (NASDAQ:SINA) by 45.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 311,194 shares of the technology company’s stock after selling 262,300 shares during the quarter. State of Wisconsin Investment Board owned about 0.44% of SINA worth $26,355,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Alliancebernstein L.P. lifted its position in SINA by 328.0% during the fourth quarter. Alliancebernstein L.P. now owns 10,700 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 8,200 shares during the period. Global X Management Co. LLC lifted its position in SINA by 18.2% during the first quarter. Global X Management Co. LLC now owns 106,336 shares of the technology company’s stock valued at $11,088,000 after purchasing an additional 16,349 shares during the period. Ariose Capital Management Ltd lifted its position in SINA by 472.9% during the first quarter. Ariose Capital Management Ltd now owns 531,400 shares of the technology company’s stock valued at $55,409,000 after purchasing an additional 438,644 shares during the period. Commerzbank Aktiengesellschaft FI lifted its position in SINA by 10.7% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,767 shares of the technology company’s stock valued at $1,018,000 after purchasing an additional 945 shares during the period. Finally, Dorsey Wright & Associates lifted its position in SINA by 36.9% during the first quarter. Dorsey Wright & Associates now owns 107,834 shares of the technology company’s stock valued at $10,715,000 after purchasing an additional 29,057 shares during the period. Institutional investors and hedge funds own 72.57% of the company’s stock.

SINA opened at $74.73 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. SINA Corp has a 1-year low of $73.53 and a 1-year high of $124.60. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 35.57 and a beta of 0.90.

SINA (NASDAQ:SINA) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.39. The firm had revenue of $537.36 million during the quarter, compared to analysts’ expectations of $538.10 million. SINA had a net margin of 8.23% and a return on equity of 4.40%. The company’s revenue for the quarter was up 49.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 earnings per share. equities analysts anticipate that SINA Corp will post 2.68 EPS for the current year.

SINA has been the topic of several recent research reports. Zacks Investment Research downgraded shares of SINA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 17th. Deutsche Bank initiated coverage on shares of SINA in a research report on Thursday, April 19th. They issued a “buy” rating and a $128.00 price target on the stock. ValuEngine downgraded shares of SINA from a “hold” rating to a “sell” rating in a research report on Thursday, April 26th. Benchmark reiterated a “buy” rating and issued a $159.00 price target on shares of SINA in a research report on Thursday, May 10th. They noted that the move was a valuation call. Finally, TheStreet downgraded shares of SINA from a “b-” rating to a “c” rating in a research report on Wednesday, May 9th. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. SINA presently has a consensus rating of “Hold” and a consensus target price of $140.80.

SINA Company 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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

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