Bronfman E.L. Rothschild L.P. Purchases New Position in Sina Corporation (SINA)

Bronfman E.L. Rothschild L.P. bought a new stake in shares of Sina Corporation (NASDAQ:SINA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,605 shares of the technology company’s stock, valued at approximately $136,000.

A number of other large investors have also recently bought and sold shares of SINA. Bank of Montreal Can raised its holdings in shares of Sina Corporation by 11.7% in the second 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 raised its holdings in shares of Sina Corporation by 55.1% during the second quarter. US Bancorp DE now owns 1,501 shares of the technology company’s stock worth $127,000 after purchasing an additional 533 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Sina Corporation by 11.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 2,330 shares of the technology company’s stock worth $168,000 after purchasing an additional 230 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Sina Corporation during the first quarter worth $216,000. Finally, FNY Partners Fund LP purchased a new position in shares of Sina Corporation during the first quarter worth $230,000. 66.99% of the stock is owned by institutional investors.

Several analysts recently commented on SINA shares. Jefferies Group LLC reiterated a “buy” rating and issued a $122.00 target price on shares of Sina Corporation in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of Sina Corporation from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. BidaskClub downgraded shares of Sina Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Bank of America Corporation reissued a “buy” rating and issued a $119.00 price target (up from $112.00) on shares of Sina Corporation in a research note on Thursday, August 10th. Finally, Citigroup Inc. lifted their price objective on shares of Sina Corporation to $140.00 and gave the company a “buy” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $101.74.

Sina Corporation (NASDAQ SINA) opened at 115.68 on Friday. The stock has a 50 day moving average of $103.62 and a 200 day moving average of $88.29. Sina Corporation has a one year low of $60.46 and a one year high of $118.85. The firm has a market cap of $8.24 billion, a PE ratio of 37.88 and a beta of 1.18.

Sina Corporation (NASDAQ:SINA) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.27. Sina Corporation had a return on equity of 6.58% and a net margin of 18.64%. The business had revenue of $358.93 million for the quarter, compared to analyst estimates of $344.23 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was up 47.1% compared to the same quarter last year. On average, equities analysts forecast that Sina Corporation will post $2.92 earnings per share for the current year.

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Sina Corporation 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.

Institutional Ownership by Quarter for Sina Corporation (NASDAQ:SINA)

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