Alkeon Capital Management LLC reduced its stake in SINA Corp (NASDAQ:SINA) by 33.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,789,876 shares of the technology company’s stock after selling 917,000 shares during the period. SINA makes up approximately 1.1% of Alkeon Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. Alkeon Capital Management LLC owned about 2.50% of SINA worth $179,543,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of SINA. Dimensional Fund Advisors LP boosted its stake in shares of SINA by 30.4% in the second quarter. Dimensional Fund Advisors LP now owns 13,568 shares of the technology company’s stock valued at $1,160,000 after buying an additional 3,165 shares during the period. Nationwide Fund Advisors bought a new stake in shares of SINA in the third quarter valued at approximately $2,866,000. Principal Financial Group Inc. bought a new stake in shares of SINA in the third quarter valued at approximately $20,926,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of SINA in the third quarter valued at approximately $1,491,000. Finally, Quantbot Technologies LP boosted its stake in shares of SINA by 55.3% in the third quarter. Quantbot Technologies LP now owns 6,903 shares of the technology company’s stock valued at $791,000 after buying an additional 2,457 shares during the period. Institutional investors and hedge funds own 66.04% of the company’s stock.
Several brokerages have commented on SINA. BidaskClub upgraded shares of SINA from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Benchmark boosted their price objective on shares of SINA from $157.00 to $174.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Zacks Investment Research upgraded shares of SINA from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Jefferies Group restated 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. boosted their price objective on shares of SINA from $175.00 to $179.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $139.00.
SINA stock opened at $119.22 on Wednesday. SINA Corp has a 1 year low of $68.33 and a 1 year high of $124.60. The company has a market cap of $8,352.91, a P/E ratio of 57.04 and a beta of 1.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.68 and a current ratio of 3.22.
SINA (NASDAQ:SINA) last announced its quarterly earnings data 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 3.99%. The business had revenue of $503.70 million during the quarter, compared to the consensus estimate of $482.59 million. During the same period in the previous year, the business earned $0.63 earnings per share. The company’s revenue was up 62.1% on a year-over-year basis. equities research analysts anticipate that SINA Corp will post 2.97 EPS for the current year.
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SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; business news coverage and personal finance columns; sporting events news; automobile-related news; entertainment news and events; technology updates; interactive video products, such as news, sports, entertainment, and education; and education, digital, fashion, eLadies, luxury, health, collectibles, travel, and other interest-based channels.
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