Today: Today, Sina Corp. (SINA) Stake Boosted by Virginia Retirement Systems ET AL

Today, Sina Corp. (SINA) Stake Boosted by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL boosted its position in Sina Corp. (NASDAQ:SINA) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 4,700 shares of the company’s stock after buying an additional 100 shares during the period. Virginia Retirement Systems ET AL’s holdings in Sina Corp. were worth $347,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SINA. BNP Paribas Arbitrage SA increased its stake in shares of Sina Corp. by 2,840.0% in the third quarter. BNP Paribas Arbitrage SA now owns 2,499 shares of the company’s stock worth $185,000 after buying an additional 2,414 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in Sina Corp. during the second quarter valued at $197,000. World Asset Management Inc bought a new stake in Sina Corp. during the second quarter valued at $223,000. Pacad Investment Ltd. bought a new stake in Sina Corp. during the second quarter valued at $228,000. Finally, Eqis Capital Management Inc. bought a new stake in Sina Corp. during the third quarter valued at $229,000. Institutional investors and hedge funds own 57.50% of the company’s stock.

Sina Corp. (NASDAQ:SINA) traded up 1.40% during midday trading on Friday, hitting $77.48. 981,293 shares of the stock traded hands. Sina Corp. has a one year low of $39.58 and a one year high of $85.24. The company’s 50-day moving average is $73.29 and its 200-day moving average is $64.02. The company has a market cap of $5.46 billion, a PE ratio of 26.50 and a beta of 1.40.

Sina Corp. (NASDAQ:SINA) last announced its quarterly earnings data on Monday, November 21st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.21. The business had revenue of $272.30 million for the quarter, compared to the consensus estimate of $265.30 million. Sina Corp. had a net margin of 22.57% and a return on equity of 5.12%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Equities research analysts expect that Sina Corp. will post $1.21 EPS for the current fiscal year.

Several analysts recently weighed in on SINA shares. Jefferies Group reiterated a “buy” rating and issued a $95.00 target price on shares of Sina Corp. in a report on Friday, September 30th. Citigroup Inc. started coverage on shares of Sina Corp. in a report on Friday, August 5th. They issued a “buy” rating and a $69.00 target price for the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Sina Corp. in a report on Wednesday, August 31st. TheStreet upgraded shares of Sina Corp. to a “buy” rating in a report on Friday, August 19th. Finally, Brean Capital reiterated a “buy” rating on shares of Sina Corp. in a report on Tuesday, August 16th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Sina Corp. currently has a consensus rating of “Buy” and a consensus target price of $61.37.

Sina Corp. 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.

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