Sina Corporation (SINA) Shares Bought by Aberdeen Asset Management PLC UK

Aberdeen Asset Management PLC UK raised its stake in shares of Sina Corporation (NASDAQ:SINA) by 13.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 49,683 shares of the technology company’s stock after acquiring an additional 6,000 shares during the period. Aberdeen Asset Management PLC UK owned approximately 0.07% of Sina Corporation worth $4,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Sina Corporation by 1,354.9% during the 1st quarter. BlackRock Inc. now owns 2,502,738 shares of the technology company’s stock valued at $180,498,000 after acquiring an additional 2,702,176 shares during the period. First Trust Advisors LP lifted its stake in Sina Corporation by 40.5% during the 1st quarter. First Trust Advisors LP now owns 53,655 shares of the technology company’s stock valued at $3,870,000 after acquiring an additional 15,463 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Sina Corporation by 1.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 91,525 shares of the technology company’s stock valued at $6,601,000 after acquiring an additional 972 shares during the period. KBC Group NV lifted its stake in Sina Corporation by 4,661.2% during the 1st quarter. KBC Group NV now owns 73,418 shares of the technology company’s stock valued at $5,295,000 after acquiring an additional 71,876 shares during the period. Finally, Eqis Capital Management Inc. lifted its stake in Sina Corporation by 25.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 11,114 shares of the technology company’s stock valued at $944,000 after acquiring an additional 2,221 shares during the period. Institutional investors and hedge funds own 67.01% of the company’s stock.

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Shares of Sina Corporation (NASDAQ SINA) opened at 116.33 on Friday. Sina Corporation has a 1-year low of $60.46 and a 1-year high of $118.85. The firm’s 50-day moving average is $102.40 and its 200-day moving average is $87.36. The company has a market cap of $8.28 billion, a PE ratio of 38.09 and a beta of 1.18.

Sina Corporation (NASDAQ:SINA) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $358.93 million during the quarter, compared to the consensus estimate of $344.23 million. During the same period in the previous year, the company posted $0.27 earnings per share. Sina Corporation’s revenue for the quarter was up 47.1% on a year-over-year basis. On average, equities analysts forecast that Sina Corporation will post $2.92 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on SINA. Citigroup Inc. increased their price objective on shares of Sina Corporation to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “hold” rating on shares of Sina Corporation in a research note on Friday, June 23rd. Bank of America Corporation reiterated a “buy” rating and issued a $119.00 price objective (up previously from $112.00) on shares of Sina Corporation in a research note on Thursday, August 10th. BidaskClub upgraded shares of Sina Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $122.00 price objective on shares of Sina Corporation in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Sina Corporation has a consensus rating of “Buy” and an average price target of $101.74.

Sina Corporation 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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