Thomas White International Ltd. Buys 11,624 Shares of SINA Corp (SINA)

Thomas White International Ltd. grew its stake in SINA Corp (NASDAQ:SINA) by 49.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,119 shares of the technology company’s stock after purchasing an additional 11,624 shares during the period. Thomas White International Ltd.’s holdings in SINA were worth $2,440,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SINA. Fosun International Ltd increased its stake in SINA by 10.5% during the third quarter. Fosun International Ltd now owns 1,853,291 shares of the technology company’s stock worth $128,766,000 after acquiring an additional 176,516 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in SINA during the third quarter worth about $1,627,000. Edgestream Partners L.P. increased its stake in SINA by 185.5% during the third quarter. Edgestream Partners L.P. now owns 52,083 shares of the technology company’s stock worth $3,619,000 after acquiring an additional 33,842 shares during the last quarter. JPMorgan Chase & Co. increased its stake in SINA by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 53,239 shares of the technology company’s stock worth $3,698,000 after acquiring an additional 5,378 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in SINA by 22.5% during the third quarter. SG Americas Securities LLC now owns 77,730 shares of the technology company’s stock worth $5,401,000 after acquiring an additional 14,293 shares during the last quarter. 66.83% of the stock is currently owned by institutional investors and hedge funds.

SINA stock opened at $60.74 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.24. SINA Corp has a 1 year low of $56.67 and a 1 year high of $124.60. The stock has a market capitalization of $4.34 billion, a PE ratio of 29.06 and a beta of 0.99.

Several equities research analysts have commented on the company. Jefferies Financial Group restated a “buy” rating and set a $89.00 price target on shares of SINA in a research note on Tuesday, November 20th. Benchmark dropped their price target on SINA from $119.00 to $96.00 and set a “buy” rating for the company in a research note on Monday, November 5th. ValuEngine upgraded SINA from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 27th. BidaskClub upgraded SINA from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. Finally, Zacks Investment Research lowered 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 assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $111.40.

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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.

Further Reading: Hedge Funds

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Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

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