Bank of New York Mellon Corp Has $5.18 Million Holdings in SINA Corp (SINA)

Bank of New York Mellon Corp cut its stake in SINA Corp (NASDAQ:SINA) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,579 shares of the technology company’s stock after selling 1,625 shares during the period. Bank of New York Mellon Corp owned approximately 0.10% of SINA worth $5,181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aperio Group LLC raised its holdings in SINA by 55.0% in the 3rd quarter. Aperio Group LLC now owns 44,892 shares of the technology company’s stock valued at $3,119,000 after acquiring an additional 15,922 shares in the last quarter. SG Americas Securities LLC raised its holdings in SINA by 22.5% in the 3rd quarter. SG Americas Securities LLC now owns 77,730 shares of the technology company’s stock valued at $5,401,000 after acquiring an additional 14,293 shares in the last quarter. Conning Inc. raised its holdings in SINA by 166.6% in the 3rd quarter. Conning Inc. now owns 146,316 shares of the technology company’s stock valued at $10,166,000 after acquiring an additional 91,444 shares in the last quarter. Edgestream Partners L.P. raised its holdings in SINA by 185.5% in the 3rd quarter. Edgestream Partners L.P. now owns 52,083 shares of the technology company’s stock valued at $3,619,000 after acquiring an additional 33,842 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in shares of SINA in the 3rd quarter valued at $125,000. 69.40% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. ValuEngine upgraded SINA from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 27th. Benchmark decreased their price target on SINA from $119.00 to $96.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Credit Suisse Group assumed coverage on SINA in a research note on Monday, February 4th. They issued a “neutral” rating and a $58.50 price target on the stock. Zacks Investment Research lowered SINA from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $89.00 price target on shares of SINA in a research note on Tuesday, November 20th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $98.08.

Shares of SINA opened at $62.23 on Thursday. The firm has a market capitalization of $4.28 billion, a PE ratio of 29.78 and a beta of 1.08. SINA Corp has a 52-week low of $51.76 and a 52-week high of $124.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.99 and a current ratio of 2.99.

SINA (NASDAQ:SINA) last issued its quarterly earnings data on Wednesday, November 28th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.16. The business had revenue of $557.20 million for the quarter, compared to analyst estimates of $561.76 million. SINA had a return on equity of 4.22% and a net margin of 7.58%. SINA’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS. Equities research analysts expect that SINA Corp will post 2.27 earnings per share for the current year.

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SINA Profile

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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