Gideon Capital Advisors Inc. Buys Shares of 5,834 SINA Corp (SINA)

Share on StockTwits

Gideon Capital Advisors Inc. bought a new stake in shares of SINA Corp (NASDAQ:SINA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,834 shares of the technology company’s stock, valued at approximately $313,000.

A number of other large investors have also recently added to or reduced their stakes in SINA. AlphaOne Investment Services LLC acquired a new stake in SINA during the 4th quarter valued at approximately $37,000. Quadrant Capital Group LLC increased its position in SINA by 558.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,252 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,062 shares during the period. SeaTown Holdings Pte. Ltd. acquired a new stake in shares of SINA during the 4th quarter worth approximately $273,000. Blueshift Asset Management LLC acquired a new stake in shares of SINA during the 4th quarter worth approximately $300,000. Finally, Doliver Capital Advisors LP grew its position in shares of SINA by 21.8% during the 4th quarter. Doliver Capital Advisors LP now owns 5,999 shares of the technology company’s stock worth $322,000 after buying an additional 1,075 shares during the period. 64.80% of the stock is owned by institutional investors and hedge funds.

NASDAQ SINA opened at $57.70 on Friday. SINA Corp has a 12-month low of $51.76 and a 12-month high of $119.69. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.91 and a quick ratio of 2.99. The firm has a market capitalization of $4.16 billion, a P/E ratio of 33.94 and a beta of 1.11.

SINA (NASDAQ:SINA) last posted its quarterly earnings results on Tuesday, March 5th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.10. SINA had a net margin of 5.96% and a return on equity of 3.39%. The business had revenue of $573.01 million during the quarter, compared to the consensus estimate of $575.29 million. During the same quarter last year, the firm posted $0.79 EPS. SINA’s revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts expect that SINA Corp will post 3.23 earnings per share for the current year.

Several brokerages have recently commented on SINA. BidaskClub raised shares of SINA from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 23rd. Zacks Investment Research raised shares of SINA from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Benchmark raised their price objective on shares of SINA from $96.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Deutsche Bank downgraded shares of SINA from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Credit Suisse Group started coverage on shares of SINA in a research report on Monday, February 4th. They issued a “neutral” rating and a $58.50 price target for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $100.08.

TRADEMARK VIOLATION WARNING: This story was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/4223915/gideon-capital-advisors-inc-buys-shares-of-5834-sina-corp-sina.html.

About SINA

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, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels.

Read More: Technical Analysis

Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

Receive News & Ratings for SINA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SINA and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Legg Mason Inc  Expected to Post Earnings of $0.65 Per Share
Legg Mason Inc Expected to Post Earnings of $0.65 Per Share
Merlin Entertainments  Stock Rating Lowered by HSBC
Merlin Entertainments Stock Rating Lowered by HSBC
CooTek   Rating Increased to Hold at Zacks Investment Research
CooTek Rating Increased to Hold at Zacks Investment Research
Barrington Research Analysts Give Atento  a $10.00 Price Target
Barrington Research Analysts Give Atento a $10.00 Price Target
Short Interest in IsoRay, Inc.  Drops By 6.8%
Short Interest in IsoRay, Inc. Drops By 6.8%
Mitie Group PLC  Receives Consensus Recommendation of “Buy” from Brokerages
Mitie Group PLC Receives Consensus Recommendation of “Buy” from Brokerages


© 2006-2019 Ticker Report