Global X Management Co LLC lessened its stake in shares of SINA Corp (NASDAQ:SINA) by 14.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,914 shares of the technology company’s stock after selling 15,422 shares during the quarter. Global X Management Co LLC owned about 0.13% of SINA worth $7,700,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in SINA by 9.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 72,807 shares of the technology company’s stock valued at $7,592,000 after buying an additional 6,357 shares during the period. Aperio Group LLC increased its stake in SINA by 17.2% in the 1st quarter. Aperio Group LLC now owns 33,741 shares of the technology company’s stock valued at $3,518,000 after buying an additional 4,959 shares during the period. Korea Investment CORP increased its stake in SINA by 3.6% in the 1st quarter. Korea Investment CORP now owns 75,000 shares of the technology company’s stock valued at $7,820,000 after buying an additional 2,600 shares during the period. Northern Trust Corp increased its stake in SINA by 1.6% in the 1st quarter. Northern Trust Corp now owns 345,515 shares of the technology company’s stock valued at $36,027,000 after buying an additional 5,440 shares during the period. Finally, BlackRock Inc. increased its stake in SINA by 59.7% in the 1st quarter. BlackRock Inc. now owns 4,269,789 shares of the technology company’s stock valued at $445,212,000 after buying an additional 1,596,562 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. BidaskClub cut shares of SINA from a “sell” rating to a “strong sell” rating in a research note on Tuesday. ValuEngine cut shares of SINA from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $144.00 price target on shares of SINA in a research note on Thursday, July 26th. Zacks Investment Research raised shares of SINA from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Monday, July 30th. Finally, JPMorgan Chase & Co. started coverage on shares of SINA in a research report on Wednesday, August 29th. They issued an “overweight” rating and a $150.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $135.00.

NASDAQ:SINA traded up $3.49 on Friday, reaching $62.50. The stock had a trading volume of 909,762 shares, compared to its average volume of 930,286. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 29.90 and a beta of 0.95. SINA Corp has a 12-month low of $57.85 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.

SINA (NASDAQ:SINA) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.39. The business had revenue of $537.36 million for the quarter, compared to analyst estimates of $538.10 million. SINA had a net margin of 8.23% and a return on equity of 4.39%. The company’s revenue was up 49.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 EPS. On average, equities research analysts forecast that SINA Corp will post 2.3 earnings per share for the current fiscal year.

About SINA

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.

Read More: Short Selling Stocks, A Beginner’s Guide

Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

Receive News & Ratings for SINA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SINA and related companies with MarketBeat.com's FREE daily email newsletter.