SINA Corp (NASDAQ:SINA) has received an average rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $137.00.
A number of brokerages have weighed in on SINA. BidaskClub raised SINA from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Zacks Investment Research downgraded SINA from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Jefferies Group reaffirmed a “buy” rating and issued a $175.00 target price on shares of SINA in a report on Wednesday, January 24th. Finally, Benchmark raised their target price on SINA from $142.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, November 8th.
Several institutional investors and hedge funds have recently made changes to their positions in SINA. Alliancebernstein L.P. bought a new position in shares of SINA in the 2nd quarter valued at $414,000. Ameriprise Financial Inc. bought a new position in shares of SINA in the 2nd quarter valued at $372,000. Vanguard Group Inc. lifted its stake in shares of SINA by 28.1% in the 2nd quarter. Vanguard Group Inc. now owns 370,140 shares of the technology company’s stock valued at $31,450,000 after acquiring an additional 81,275 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of SINA by 102.0% in the 2nd quarter. Advisor Group Inc. now owns 2,901 shares of the technology company’s stock valued at $246,000 after acquiring an additional 1,465 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of SINA by 30.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,568 shares of the technology company’s stock valued at $1,160,000 after acquiring an additional 3,165 shares during the last quarter. Institutional investors own 68.61% of the company’s stock.
Shares of SINA (SINA) opened at $105.74 on Tuesday. The stock has a market capitalization of $7,560.00, a P/E ratio of 60.08 and a beta of 1.06. SINA has a 12-month low of $68.13 and a 12-month high of $122.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.68 and a current ratio of 2.68.
SINA (NASDAQ:SINA) last issued its earnings results on Tuesday, February 13th. The technology company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.29. The firm had revenue of $503.70 million for the quarter, compared to the consensus estimate of $482.59 million. SINA had a return on equity of 3.36% and a net margin of 9.41%. The company’s revenue was up 62.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. analysts forecast that SINA will post 2.13 EPS for the current fiscal year.
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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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