Sina Corporation (SINA) Shares Sold by Northern Trust Corp

Northern Trust Corp cut its stake in Sina Corporation (NASDAQ:SINA) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 341,198 shares of the technology company’s stock after selling 2,602 shares during the period. Northern Trust Corp owned approximately 0.48% of Sina Corporation worth $28,992,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Sina Corporation by 1,354.9% in the 1st quarter. BlackRock Inc. now owns 2,502,738 shares of the technology company’s stock worth $180,498,000 after purchasing an additional 2,702,176 shares during the period. US Bancorp DE boosted its stake in Sina Corporation 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 period. Eqis Capital Management Inc. boosted its stake in Sina Corporation by 25.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 11,114 shares of the technology company’s stock worth $944,000 after purchasing an additional 2,221 shares during the period. Legal & General Group Plc boosted its stake in Sina Corporation by 2.8% in the 1st quarter. Legal & General Group Plc now owns 124,043 shares of the technology company’s stock worth $8,946,000 after purchasing an additional 3,400 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new position in Sina Corporation in the 2nd quarter worth $1,077,000. 66.83% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Sina Corporation (SINA) Shares Sold by Northern Trust Corp” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/20/sina-corporation-sina-shares-sold-by-northern-trust-corp.html.

Sina Corporation (NASDAQ SINA) opened at 111.60 on Friday. The stock’s 50 day moving average is $113.80 and its 200-day moving average is $94.88. Sina Corporation has a 1-year low of $60.46 and a 1-year high of $119.20. The firm has a market capitalization of $7.95 billion, a P/E ratio of 36.54 and a beta of 1.16.

Sina Corporation (NASDAQ:SINA) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.27. Sina Corporation had a net margin of 18.64% and a return on equity of 6.58%. The firm 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 firm posted $0.27 earnings per share. The business’s revenue was up 47.1% compared to the same quarter last year. Analysts forecast that Sina Corporation will post $2.92 EPS for the current year.

A number of equities analysts recently weighed in on the stock. Citigroup Inc. upped their target price 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 reaffirmed a “hold” rating on shares of Sina Corporation in a research note on Friday, June 23rd. Bank of America Corporation reaffirmed a “buy” rating and issued a $119.00 target price (up from $112.00) on shares of Sina Corporation in a research note on Thursday, August 10th. BidaskClub raised 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 reaffirmed a “buy” rating on shares of Sina Corporation in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Sina Corporation by 1,354.9% in the 1st quarter. BlackRock Inc. now owns 2,502,738 shares of the technology company’s stock worth $180,498,000 after purchasing an additional 2,702,176 shares during the period. US Bancorp DE boosted its stake in Sina Corporation 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 period. Eqis Capital Management Inc. boosted its stake in Sina Corporation by 25.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 11,114 shares of the technology company’s stock worth $944,000 after purchasing an additional 2,221 shares during the period. Legal & General Group Plc boosted its stake in Sina Corporation by 2.8% in the 1st quarter. Legal & General Group Plc now owns 124,043 shares of the technology company’s stock worth $8,946,000 after purchasing an additional 3,400 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new position in Sina Corporation in the 2nd quarter worth $1,077,000. 66.83% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Sina Corporation (SINA) Shares Sold by Northern Trust Corp” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/20/sina-corporation-sina-shares-sold-by-northern-trust-corp.html.

Sina Corporation (NASDAQ SINA) opened at 111.60 on Friday. The stock’s 50 day moving average is $113.80 and its 200-day moving average is $94.88. Sina Corporation has a 1-year low of $60.46 and a 1-year high of $119.20. The firm has a market capitalization of $7.95 billion, a P/E ratio of 36.54 and a beta of 1.16.

Sina Corporation (NASDAQ:SINA) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.27. Sina Corporation had a net margin of 18.64% and a return on equity of 6.58%. The firm 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 firm posted $0.27 earnings per share. The business’s revenue was up 47.1% compared to the same quarter last year. Analysts forecast that Sina Corporation will post $2.92 EPS for the current year.

A number of equities analysts recently weighed in on the stock. Citigroup Inc. upped their target price 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 reaffirmed a “hold” rating on shares of Sina Corporation in a research note on Friday, June 23rd. Bank of America Corporation reaffirmed a “buy” rating and issued a $119.00 target price (up from $112.00) on shares of Sina Corporation in a research note on Thursday, August 10th. BidaskClub raised 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 reaffirmed a “buy” rating on shares of Sina Corporation in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $104.08.

About Sina Corporation

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 Corporation (NASDAQ:SINA)

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