State of Wisconsin Investment Board Reduces Holdings in SINA Corp (SINA)

State of Wisconsin Investment Board lowered its stake in SINA Corp (NASDAQ:SINA) by 23.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 573,494 shares of the technology company’s stock after selling 174,006 shares during the period. State of Wisconsin Investment Board owned approximately 0.80% of SINA worth $57,527,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Alkeon Capital Management LLC increased its holdings in shares of SINA by 29.3% in the third quarter. Alkeon Capital Management LLC now owns 2,706,876 shares of the technology company’s stock valued at $310,343,000 after buying an additional 614,000 shares in the last quarter. Wells Fargo & Company MN grew its position in SINA by 0.4% during the 3rd quarter. Wells Fargo & Company MN now owns 2,334,225 shares of the technology company’s stock worth $267,620,000 after purchasing an additional 8,384 shares in the last quarter. Greenwoods Asset Management Ltd grew its position in SINA by 2.6% during the 3rd quarter. Greenwoods Asset Management Ltd now owns 1,411,158 shares of the technology company’s stock worth $161,789,000 after purchasing an additional 36,000 shares in the last quarter. Russell Investments Group Ltd. grew its position in SINA by 74.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 502,869 shares of the technology company’s stock worth $57,641,000 after purchasing an additional 214,940 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in SINA by 28.1% during the 2nd quarter. Vanguard Group Inc. now owns 370,140 shares of the technology company’s stock worth $31,450,000 after purchasing an additional 81,275 shares in the last quarter. 68.61% of the stock is currently owned by institutional investors.

SINA Corp (SINA) opened at $118.85 on Friday. SINA Corp has a 52-week low of $68.13 and a 52-week high of $122.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.68 and a current ratio of 2.68. The firm has a market cap of $8,406.55, a P/E ratio of 56.87 and a beta of 1.03.

SINA (NASDAQ:SINA) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.50 by $0.29. SINA had a net margin of 9.89% and a return on equity of 4.09%. The business had revenue of $503.70 million for the quarter, compared to analysts’ expectations of $482.59 million. During the same period in the previous year, the company posted $0.63 EPS. SINA’s revenue was up 62.1% on a year-over-year basis. equities analysts anticipate that SINA Corp will post 3.34 earnings per share for the current year.

Several equities analysts have weighed in on SINA shares. Benchmark lifted their price objective on shares of SINA from $142.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research cut shares of SINA from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. BidaskClub cut shares of SINA from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. Jefferies Group reiterated a “buy” rating and set a $175.00 price objective on shares of SINA in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of SINA from $175.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $139.00.

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About SINA

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 (NASDAQ:SINA)

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