Advisor Group Holdings Inc. Takes Position in SINA Corp (NASDAQ:SINA)

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Advisor Group Holdings Inc. purchased a new stake in SINA Corp (NASDAQ:SINA) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,040 shares of the technology company’s stock, valued at approximately $65,000.

Other large investors have also bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of SINA in the 1st quarter valued at about $51,000. Tower Research Capital LLC TRC grew its position in shares of SINA by 477.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,528 shares of the technology company’s stock worth $112,000 after buying an additional 2,917 shares during the last quarter. Shell Asset Management Co. grew its position in shares of SINA by 57.6% in the 1st quarter. Shell Asset Management Co. now owns 7,116 shares of the technology company’s stock worth $227,000 after buying an additional 2,600 shares during the last quarter. Level Four Advisory Services LLC grew its position in shares of SINA by 4.5% in the 1st quarter. Level Four Advisory Services LLC now owns 7,769 shares of the technology company’s stock worth $245,000 after buying an additional 337 shares during the last quarter. Finally, Doliver Advisors LP grew its position in shares of SINA by 7.0% in the 1st quarter. Doliver Advisors LP now owns 7,633 shares of the technology company’s stock worth $261,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 58.80% of the company’s stock.

A number of research analysts have recently issued reports on the stock. BidaskClub downgraded shares of SINA from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. ValuEngine downgraded shares of SINA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, Zacks Investment Research raised shares of SINA from a “sell” rating to a “hold” rating and set a $29.00 price objective on the stock in a research report on Monday, April 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.00.

NASDAQ:SINA opened at $40.35 on Friday. The company has a market cap of $2.74 billion, a PE ratio of -130.16 and a beta of 1.15. SINA Corp has a twelve month low of $26.04 and a twelve month high of $46.85. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $37.79 and its two-hundred day moving average is $35.56.

SINA (NASDAQ:SINA) last released its earnings results on Tuesday, May 19th. The technology company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.18. The company had revenue of $435.10 million for the quarter, compared to the consensus estimate of $382.28 million. SINA had a negative net margin of 1.00% and a negative return on equity of 0.54%. SINA’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. As a group, analysts expect that SINA Corp will post 0.26 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

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