SINA Corp (SINA) Shares Bought by Thomas White International Ltd.

Share on StockTwits

Thomas White International Ltd. boosted its position in shares of SINA Corp (NASDAQ:SINA) by 24.3% during the 1st quarter, HoldingsChannel reports. The firm owned 31,358 shares of the technology company’s stock after buying an additional 6,134 shares during the quarter. Thomas White International Ltd.’s holdings in SINA were worth $1,858,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of SINA by 11.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 53,239 shares of the technology company’s stock valued at $3,698,000 after purchasing an additional 5,378 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of SINA by 3.1% in the 3rd quarter. Teachers Advisors LLC now owns 31,701 shares of the technology company’s stock valued at $2,203,000 after purchasing an additional 943 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of SINA in the 4th quarter valued at $464,000. Fosun International Ltd lifted its stake in shares of SINA by 4.2% in the 4th quarter. Fosun International Ltd now owns 1,931,776 shares of the technology company’s stock valued at $103,620,000 after purchasing an additional 78,485 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of SINA by 16.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 685,210 shares of the technology company’s stock valued at $36,755,000 after purchasing an additional 96,229 shares during the last quarter. 62.97% of the stock is owned by institutional investors.

SINA stock traded up $0.91 on Tuesday, reaching $48.01. 22,419 shares of the stock were exchanged, compared to its average volume of 802,330. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 28.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.91 and a quick ratio of 2.91. SINA Corp has a twelve month low of $47.00 and a twelve month high of $96.71.

SINA (NASDAQ:SINA) last released its earnings results on Tuesday, March 5th. The technology company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.48). The firm had revenue of $573.01 million for the quarter, compared to analyst estimates of $575.29 million. SINA had a return on equity of 3.39% and a net margin of 5.96%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. As a group, sell-side analysts expect that SINA Corp will post 3.23 earnings per share for the current year.

Several research firms recently issued reports on SINA. BidaskClub lowered shares of SINA from a “sell” rating to a “strong sell” rating in a research note on Friday. Deutsche Bank lowered shares of SINA from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Benchmark boosted their target price 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. Finally, Zacks Investment Research lowered shares of SINA from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $94.50.

ILLEGAL ACTIVITY NOTICE: This report was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/4348488/sina-corp-sina-shares-bought-by-thomas-white-international-ltd.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.

Further Reading: Channel Trading

Want to see what other hedge funds are holding SINA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SINA Corp (NASDAQ:SINA).

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

Zacks: Analysts Expect IBERIABANK Corp  Will Announce Quarterly Sales of $312.20 Million
Zacks: Analysts Expect IBERIABANK Corp Will Announce Quarterly Sales of $312.20 Million
Zacks: Brokerages Anticipate Ball Co.  Will Post Quarterly Sales of $3.03 Billion
Zacks: Brokerages Anticipate Ball Co. Will Post Quarterly Sales of $3.03 Billion
$40.49 Million in Sales Expected for Radius Health Inc  This Quarter
$40.49 Million in Sales Expected for Radius Health Inc This Quarter
A. O. Smith Corp  Expected to Announce Quarterly Sales of $821.43 Million
A. O. Smith Corp Expected to Announce Quarterly Sales of $821.43 Million
Zacks: Brokerages Anticipate Align Technology, Inc.  Will Post Quarterly Sales of $595.61 Million
Zacks: Brokerages Anticipate Align Technology, Inc. Will Post Quarterly Sales of $595.61 Million
Universal Forest Products, Inc.  Expected to Post Quarterly Sales of $1.24 Billion
Universal Forest Products, Inc. Expected to Post Quarterly Sales of $1.24 Billion


© 2006-2019 Ticker Report