SINA Corp (SINA) Short Interest Update

SINA Corp (NASDAQ:SINA) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,626,499 shares, a growth of 32.8% from the February 15th total of 1,225,181 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average trading volume of 1,120,227 shares, the days-to-cover ratio is currently 1.5 days.

Several large investors have recently modified their holdings of SINA. Alkeon Capital Management LLC increased its position in shares of SINA by 29.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,706,876 shares of the technology company’s stock worth $310,343,000 after purchasing an additional 614,000 shares during the last quarter. HBK Investments L P increased its position in shares of SINA by 95.6% during the 4th quarter. HBK Investments L P now owns 1,186,821 shares of the technology company’s stock worth $119,050,000 after purchasing an additional 580,073 shares during the last quarter. Platinum Investment Management Ltd. increased its position in shares of SINA by 16.1% during the 4th quarter. Platinum Investment Management Ltd. now owns 3,365,882 shares of the technology company’s stock worth $337,631,000 after purchasing an additional 466,731 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in SINA by 129.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 533,073 shares of the technology company’s stock valued at $53,473,000 after acquiring an additional 301,248 shares in the last quarter. Finally, BlackRock Inc. grew its position in SINA by 9.3% in the 4th quarter. BlackRock Inc. now owns 2,673,227 shares of the technology company’s stock valued at $268,152,000 after acquiring an additional 226,476 shares in the last quarter. 66.10% of the stock is owned by hedge funds and other institutional investors.

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Shares of SINA (NASDAQ:SINA) opened at $118.87 on Tuesday. The company has a current ratio of 3.22, a quick ratio of 2.68 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $8,500.00, a PE ratio of 56.07 and a beta of 1.03. SINA has a 52-week low of $68.33 and a 52-week high of $124.60.

SINA (NASDAQ:SINA) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.29. The firm had revenue of $503.70 million during the quarter, compared to the consensus estimate of $482.59 million. SINA had a return on equity of 3.99% and a net margin of 9.89%. The company’s quarterly revenue was up 62.1% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. analysts predict that SINA will post 3.1 earnings per share for the current fiscal year.

A number of analysts have issued reports on SINA shares. Zacks Investment Research raised SINA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised their target price on SINA from $175.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Jefferies Group reaffirmed a “buy” rating and issued a $175.00 target price on shares of SINA in a research note on Wednesday, January 24th. BidaskClub raised SINA from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Benchmark raised their target price on SINA from $157.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $139.00.

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About SINA

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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