US Bancorp DE Has $722,000 Holdings in SINA Corp (SINA)

US Bancorp DE raised its position in SINA Corp (NASDAQ:SINA) by 537.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,396 shares of the technology company’s stock after purchasing an additional 8,766 shares during the quarter. US Bancorp DE’s holdings in SINA were worth $722,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its stake in shares of SINA by 81,500.0% in the second quarter. Canada Pension Plan Investment Board now owns 32,640 shares of the technology company’s stock valued at $2,764,000 after purchasing an additional 32,600 shares during the period. Krane Funds Advisors LLC increased its stake in shares of SINA by 12.3% in the second quarter. Krane Funds Advisors LLC now owns 664,937 shares of the technology company’s stock valued at $56,314,000 after purchasing an additional 72,570 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of SINA by 21.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,800 shares of the technology company’s stock valued at $2,524,000 after purchasing an additional 5,200 shares during the period. Trexquant Investment LP increased its stake in shares of SINA by 32.3% in the second quarter. Trexquant Investment LP now owns 70,103 shares of the technology company’s stock valued at $5,937,000 after purchasing an additional 17,124 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of SINA by 11.8% in the second quarter. Macquarie Group Ltd. now owns 3,310,769 shares of the technology company’s stock valued at $280,389,000 after purchasing an additional 349,815 shares during the period. Institutional investors own 66.83% of the company’s stock.

NASDAQ SINA opened at $60.74 on Friday. SINA Corp has a 12 month low of $56.67 and a 12 month high of $124.60. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.24. The company has a market cap of $4.46 billion, a P/E ratio of 29.56 and a beta of 0.99.

Several brokerages have commented on SINA. Jefferies Financial Group restated a “buy” rating and issued a $89.00 price target on shares of SINA in a research note on Tuesday. Benchmark dropped their price target on shares of SINA from $119.00 to $96.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. ValuEngine upgraded shares of SINA from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 27th. BidaskClub upgraded shares of SINA from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. Finally, Zacks Investment Research lowered shares of SINA from a “hold” rating to a “strong sell” rating in a research note on Friday, September 7th. Three equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $111.40.

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SINA Company 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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