SINA Corp (SINA) Stake Lessened by KBC Group NV

KBC Group NV lowered its position in shares of SINA Corp (NASDAQ:SINA) by 35.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,952 shares of the technology company’s stock after selling 67,487 shares during the period. KBC Group NV’s holdings in SINA were worth $12,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Verition Fund Management LLC purchased a new position in shares of SINA during the 2nd quarter worth approximately $205,000. Stifel Financial Corp purchased a new position in shares of SINA during the 3rd quarter worth approximately $210,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of SINA during the 3rd quarter worth approximately $214,000. Bank of Montreal Can boosted its position in shares of SINA by 93.6% during the 4th quarter. Bank of Montreal Can now owns 2,600 shares of the technology company’s stock worth $260,000 after purchasing an additional 1,257 shares during the period. Finally, Kovack Advisors Inc. purchased a new position in shares of SINA during the 4th quarter worth approximately $285,000. 68.61% of the stock is owned by hedge funds and other institutional investors.

SINA Corp (SINA) opened at $112.25 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.68 and a quick ratio of 2.68. SINA Corp has a 1 year low of $68.13 and a 1 year high of $122.93. The company has a market cap of $7,561.96, a P/E ratio of 72.43 and a beta of 1.03.

SINA (NASDAQ:SINA) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. SINA had a net margin of 9.41% and a return on equity of 3.36%. The company had revenue of $503.70 million during the quarter, compared to analysts’ expectations of $482.59 million. During the same quarter last year, the company posted $0.63 EPS. The firm’s revenue was up 62.1% compared to the same quarter last year. equities research analysts forecast that SINA Corp will post 2.13 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of SINA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Jefferies Group reissued a “buy” rating and issued a $175.00 price target on shares of SINA in a research report on Wednesday, January 24th. BidaskClub cut shares of SINA from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Finally, Benchmark raised their price target on shares of SINA from $142.00 to $157.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. SINA has a consensus rating of “Buy” and an average target price of $129.50.

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SINA 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.

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Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

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