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.
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.
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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
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