Eagle Global Advisors LLC decreased its position in Sina Corp (NASDAQ:SINA) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,875 shares of the technology company’s stock after selling 1,595 shares during the period. Eagle Global Advisors LLC owned about 0.12% of Sina worth $8,850,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Sina by 5.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,621 shares of the technology company’s stock valued at $965,000 after acquiring an additional 500 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Sina by 24.8% in the fourth quarter. Advisor Group Inc. now owns 3,987 shares of the technology company’s stock valued at $399,000 after acquiring an additional 792 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Sina by 10.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,767 shares of the technology company’s stock valued at $1,018,000 after acquiring an additional 945 shares in the last quarter. Creative Planning boosted its holdings in shares of Sina by 39.6% in the fourth quarter. Creative Planning now owns 3,506 shares of the technology company’s stock valued at $352,000 after acquiring an additional 995 shares in the last quarter. Finally, Ellington Management Group LLC boosted its holdings in shares of Sina by 27.8% in the fourth quarter. Ellington Management Group LLC now owns 4,600 shares of the technology company’s stock valued at $461,000 after acquiring an additional 1,000 shares in the last quarter. 65.93% of the stock is currently owned by institutional investors and hedge funds.
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Shares of NASDAQ SINA opened at $89.84 on Thursday. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.05 billion, a PE ratio of 42.99 and a beta of 1.13.
Sina (NASDAQ:SINA) last announced its quarterly earnings data on Wednesday, May 9th. The technology company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.25. Sina had a net margin of 9.89% and a return on equity of 3.99%. The firm had revenue of $440.70 million during the quarter, compared to analysts’ expectations of $435.74 million. During the same quarter last year, the business earned $0.50 earnings per share. The business’s revenue for the quarter was up 58.5% compared to the same quarter last year. research analysts forecast that Sina Corp will post 2.97 EPS for the current fiscal year.
Several analysts have recently weighed in on the stock. BidaskClub downgraded shares of Sina from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Deutsche Bank started coverage on shares of Sina in a report on Thursday, April 19th. They issued a “buy” rating and a $128.00 target price on the stock. Jefferies Group reiterated a “buy” rating and issued a $175.00 price objective on shares of Sina in a research note on Wednesday, January 24th. Zacks Investment Research upgraded shares of Sina from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Finally, ValuEngine cut shares of Sina from a “hold” rating to a “sell” rating in a research note on Thursday, April 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $137.63.
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, entertainment, and education; and education, digital, fashion, eLadies, luxury, health, collectibles, travel, and other interest-based channels.
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