AT Bancorp Purchases New Stake in Sina Corporation (NASDAQ:SINA)

AT Bancorp purchased a new position in Sina Corporation (NASDAQ:SINA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,345 shares of the technology company’s stock, valued at approximately $369,000.

A number of other institutional investors have also bought and sold shares of the company. Bank of Montreal Can boosted its stake in shares of Sina Corporation by 11.7% in the second quarter. Bank of Montreal Can now owns 1,452 shares of the technology company’s stock worth $123,000 after buying an additional 152 shares during the last quarter. US Bancorp DE boosted its stake in shares of Sina Corporation by 55.1% in the second quarter. US Bancorp DE now owns 1,501 shares of the technology company’s stock worth $127,000 after buying an additional 533 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Sina Corporation by 11.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,330 shares of the technology company’s stock worth $168,000 after buying an additional 230 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in Sina Corporation during the first quarter worth about $216,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in Sina Corporation during the first quarter worth about $228,000. 66.00% of the stock is owned by institutional investors.

Sina Corporation (NASDAQ:SINA) opened at 98.40 on Friday. Sina Corporation has a 12 month low of $60.46 and a 12 month high of $105.99. The stock’s 50 day moving average price is $93.53 and its 200-day moving average price is $82.83. The firm has a market capitalization of $7.01 billion, a P/E ratio of 32.22 and a beta of 1.24.

Sina Corporation (NASDAQ:SINA) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.43 by $0.27. The firm had revenue of $358.93 million during the quarter, compared to analysts’ expectations of $344.23 million. Sina Corporation had a return on equity of 6.58% and a net margin of 18.64%. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, analysts forecast that Sina Corporation will post $2.86 earnings per share for the current year.

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SINA has been the topic of a number of research analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $122.00 price target on shares of Sina Corporation in a research note on Friday, July 14th. Bank of America Corporation reaffirmed a “buy” rating and set a $119.00 target price (up previously from $112.00) on shares of Sina Corporation in a research note on Thursday, August 10th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Sina Corporation in a research note on Friday, June 23rd. T.H. Capital lifted their price target on Sina Corporation from $62.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Finally, Zacks Investment Research lowered Sina Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $101.74.

Sina Corporation Company Profile

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.

Institutional Ownership by Quarter for Sina Corporation (NASDAQ:SINA)

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