Aperio Group LLC Purchases 2,565 Shares of Sina Corporation (NASDAQ:SINA)

Aperio Group LLC raised its position in Sina Corporation (NASDAQ:SINA) by 11.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,290 shares of the technology company’s stock after buying an additional 2,565 shares during the period. Aperio Group LLC’s holdings in Sina Corporation were worth $2,149,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased 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 valued at $180,498,000 after buying an additional 2,702,176 shares during the period. Platinum Investment Management Ltd. increased 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 valued at $210,076,000 after buying an additional 632,879 shares during the period. Green Court Capital Management Ltd purchased a new stake in shares of Sina Corporation during the second quarter valued at approximately $51,607,000. William Blair Investment Management LLC purchased a new stake in shares of Sina Corporation during the first quarter valued at approximately $31,895,000. Finally, Neuberger Berman Group LLC increased 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 valued at $50,198,000 after buying an additional 407,189 shares during the period. 66.00% of the stock is currently owned by hedge funds and other institutional investors.

Sina Corporation (SINA) opened at 98.40 on Friday. The company has a market cap of $7.01 billion, a PE ratio of 32.22 and a beta of 1.24. The firm’s 50-day moving average is $93.53 and its 200 day moving average is $82.83. Sina Corporation has a 1-year low of $60.46 and a 1-year high of $105.99.

Sina Corporation (NASDAQ:SINA) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.27. Sina Corporation had a return on equity of 6.58% and a net margin of 18.64%. The business had revenue of $358.93 million for the quarter, compared to analyst estimates of $344.23 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The company’s revenue was up 47.1% on a year-over-year basis. Analysts predict that Sina Corporation will post $2.86 earnings per share for the current fiscal year.

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Several analysts recently commented on SINA shares. BidaskClub downgraded shares of Sina Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reissued a “buy” rating and set a $122.00 price objective on shares of Sina Corporation in a research report on Friday, July 14th. Bank of America Corporation reissued a “buy” rating and set a $119.00 price objective (up from $112.00) on shares of Sina Corporation in a research report on Thursday, August 10th. Citigroup Inc. increased their price objective on shares of Sina Corporation to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, T.H. Capital increased their price objective on shares of Sina Corporation from $62.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $101.74.

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.

Institutional Ownership by Quarter for Sina Corporation (NASDAQ:SINA)

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