Caisse DE Depot ET Placement DU Quebec lessened its position in SINA Corp (NASDAQ:SINA) by 28.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,292 shares of the technology company’s stock after selling 7,700 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in SINA were worth $1,935,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in SINA. Alkeon Capital Management LLC raised its position in SINA by 29.3% in the 3rd 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 during the last quarter. Arrowstreet Capital Limited Partnership raised its position in SINA by 129.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 533,073 shares of the technology company’s stock valued at $53,473,000 after buying an additional 301,248 shares during the last quarter. BlackRock Inc. raised its position in SINA by 9.3% in the 4th quarter. BlackRock Inc. now owns 2,673,227 shares of the technology company’s stock valued at $268,152,000 after buying an additional 226,476 shares during the last quarter. Russell Investments Group Ltd. raised its position in SINA by 74.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 502,869 shares of the technology company’s stock valued at $57,641,000 after buying an additional 214,940 shares during the last quarter. Finally, Legal & General Group Plc raised its position in SINA by 166.2% in the 3rd quarter. Legal & General Group Plc now owns 323,381 shares of the technology company’s stock valued at $37,075,000 after buying an additional 201,897 shares during the last quarter. 66.10% of the stock is currently owned by institutional investors and hedge funds.

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SINA Corp (NASDAQ SINA) opened at $118.46 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.22 and a quick ratio of 2.68. The firm has a market capitalization of $8,500.95, a P/E ratio of 56.68 and a beta of 1.01. SINA Corp has a one year low of $68.33 and a one year high of $124.60.

SINA (NASDAQ:SINA) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.29. The firm had revenue of $503.70 million during the quarter, compared to the consensus estimate of $482.59 million. SINA had a return on equity of 3.99% and a net margin of 9.89%. The business’s revenue was up 62.1% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. equities research analysts predict that SINA Corp will post 3.1 EPS for the current year.

A number of brokerages recently issued reports on SINA. Benchmark lifted their target price on 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 SINA from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. BidaskClub upgraded SINA from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Jefferies Group restated a “buy” rating and issued a $175.00 price target on shares of SINA in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. raised their price target on SINA from $175.00 to $179.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. SINA currently has an average rating of “Buy” and an average target price of $139.00.

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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.

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Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

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