Aperio Group LLC increased its position in shares of SINA Corp (NASDAQ:SINA) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,782 shares of the technology company’s stock after acquiring an additional 1,672 shares during the period. Aperio Group LLC’s holdings in SINA were worth $2,887,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new stake in SINA during the 2nd quarter worth about $205,000. Stifel Financial Corp acquired a new stake in SINA during the 3rd quarter worth about $210,000. Sheaff Brock Investment Advisors LLC acquired a new stake in SINA during the 3rd quarter worth about $214,000. Bank of Montreal Can boosted its position in SINA by 93.6% during the 4th quarter. Bank of Montreal Can now owns 2,600 shares of the technology company’s stock worth $260,000 after acquiring an additional 1,257 shares during the period. Finally, Kovack Advisors Inc. acquired a new stake in SINA during the 4th quarter worth about $285,000. 66.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SINA Corp (SINA) traded up $0.75 during midday trading on Wednesday, reaching $118.46. The company’s stock had a trading volume of 595,706 shares, compared to its average volume of 994,860. The company has a current ratio of 3.22, a quick ratio of 2.68 and a debt-to-equity ratio of 0.24. The company has a market cap of $8,500.95, a P/E ratio of 56.68 and a beta of 1.01. SINA Corp has a 52 week low of $68.33 and a 52 week high of $124.60.
A number of brokerages have commented on SINA. Zacks Investment Research upgraded SINA from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. BidaskClub upgraded SINA from a “sell” rating to a “hold” rating in a report on Friday, March 9th. JPMorgan Chase & Co. lifted their price target on SINA from $175.00 to $179.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Benchmark lifted their price target on SINA from $157.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Jefferies Group reiterated a “buy” rating and set a $175.00 price target on shares of SINA in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. SINA presently has an average rating of “Buy” and an average price target of $139.00.
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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