Schroder Investment Management Group boosted its holdings in Sina Corporation (NASDAQ:SINA) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,886,990 shares of the technology company’s stock after acquiring an additional 7,164 shares during the quarter. Sina comprises approximately 0.8% of Schroder Investment Management Group’s portfolio, making the stock its 18th biggest holding. Schroder Investment Management Group owned about 5.44% of Sina worth $441,018,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in Sina by 11.7% in the 2nd quarter. Bank of Montreal Can now owns 1,452 shares of the technology company’s stock worth $123,000 after buying an additional 152 shares during the last quarter. US Bancorp DE boosted its stake in Sina 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 buying an additional 533 shares during the last quarter. Bronfman E.L. Rothschild L.P. acquired a new stake in Sina in the 2nd quarter worth about $136,000. ETF Managers Group LLC acquired a new position in shares of Sina in the 2nd quarter valued at about $180,000. Finally, Verition Fund Management LLC acquired a new position in shares of Sina in the 2nd quarter valued at about $205,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.
Shares of Sina Corporation (NASDAQ:SINA) opened at $96.07 on Wednesday. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.04. Sina Corporation has a twelve month low of $60.46 and a twelve month high of $119.20. The stock has a market capitalization of $6,936.92, a P/E ratio of 66.44 and a beta of 0.95.
Sina (NASDAQ:SINA) last posted its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.26. Sina had a return on equity of 3.36% and a net margin of 9.41%. The company had revenue of $440.50 million for the quarter, compared to the consensus estimate of $404.71 million. During the same period in the previous year, the business earned $0.56 EPS. Sina’s revenue for the quarter was up 60.2% compared to the same quarter last year. equities analysts anticipate that Sina Corporation will post 2.13 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the company. Zacks Investment Research lowered Sina from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Jefferies Group reaffirmed a “buy” rating on shares of Sina in a research note on Friday, August 11th. Citigroup lifted their price objective on Sina to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Benchmark boosted their price target on Sina from $142.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Bank of America reissued a “buy” rating and set a $119.00 price target (up from $112.00) on shares of Sina in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Sina presently has a consensus rating of “Buy” and a consensus price target of $115.57.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/12/06/schroder-investment-management-group-increases-position-in-sina-corporation-sina.html.
Sina 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.
Receive News & Ratings for Sina Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sina Corporation and related companies with MarketBeat.com's FREE daily email newsletter.