Sina Corporation (NASDAQ:SINA) has been given an average rating of “Buy” by the ten research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $109.60.
A number of equities analysts recently issued reports on the company. BidaskClub lowered Sina Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating on shares of Sina Corporation in a research note on Friday, August 11th. Citigroup Inc. raised their target price on Sina Corporation to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered Sina Corporation from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Sina Corporation in a research note on Friday, June 23rd.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Eqis Capital Management Inc. grew its position in Sina Corporation by 26.2% during the 3rd quarter. Eqis Capital Management Inc. now owns 14,031 shares of the technology company’s stock worth $1,609,000 after purchasing an additional 2,917 shares during the period. Navellier & Associates Inc grew its position in Sina Corporation by 2.2% during the 2nd quarter. Navellier & Associates Inc now owns 13,554 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 295 shares during the period. Koch Industries Inc. acquired a new stake in Sina Corporation during the 2nd quarter worth about $1,385,000. 1st Global Advisors Inc. acquired a new stake in Sina Corporation during the 2nd quarter worth about $443,000. Finally, Verition Fund Management LLC acquired a new stake in Sina Corporation during the 2nd quarter worth about $205,000. 66.83% of the stock is currently owned by institutional investors.
Shares of Sina Corporation (NASDAQ SINA) traded down 1.37% during mid-day trading on Wednesday, hitting $114.99. The company had a trading volume of 623,181 shares. The company has a 50-day moving average price of $112.44 and a 200-day moving average price of $94.00. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 37.65 and a beta of 1.15. Sina Corporation has a 1-year low of $60.46 and a 1-year high of $119.20.
Sina Corporation (NASDAQ:SINA) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.27. The company had revenue of $358.93 million during the quarter, compared to analyst estimates of $344.23 million. Sina Corporation had a return on equity of 6.58% and a net margin of 18.64%. The firm’s quarterly revenue was up 47.1% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. On average, equities analysts anticipate that Sina Corporation will post $2.92 EPS for the current year.
Sina Corporation 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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