Eagle Global Advisors LLC raised its holdings in shares of SINA Corp (NASDAQ:SINA) by 2.7% in the 4th quarter, HoldingsChannel reports. The fund owned 86,470 shares of the technology company’s stock after buying an additional 2,275 shares during the quarter. Eagle Global Advisors LLC’s holdings in SINA were worth $8,674,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in SINA. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of SINA in the 4th quarter valued at about $126,000. Stifel Financial Corp acquired a new stake in shares of SINA in the 3rd quarter valued at about $210,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of SINA in the 3rd quarter valued at about $214,000. B. Riley Financial Inc. acquired a new stake in shares of SINA in the 4th quarter valued at about $234,000. Finally, Bank of Montreal Can boosted its position in shares of SINA by 93.6% in the 4th quarter. Bank of Montreal Can now owns 2,600 shares of the technology company’s stock valued at $260,000 after purchasing an additional 1,257 shares during the period. 65.91% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on SINA shares. Benchmark upped their price objective on SINA from $142.00 to $157.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. BidaskClub downgraded SINA from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. JPMorgan Chase & Co. upped their price objective on SINA from $175.00 to $179.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Zacks Investment Research raised SINA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $175.00 price objective on shares of SINA in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $139.00.
SINA (NASDAQ:SINA) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ 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 firm’s revenue was up 62.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS. equities research analysts predict that SINA Corp will post 3.1 earnings per share for the current year.
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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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