SINA Corp (NASDAQ:SINA) – Stock analysts at Jefferies Group cut their FY2020 earnings per share (EPS) estimates for shares of SINA in a research report issued to clients and investors on Tuesday. Jefferies Group analyst now forecasts that the technology company will post earnings of $6.19 per share for the year, down from their previous forecast of $6.61. Jefferies Group has a “Buy” rating and a $175.00 price target on the stock.
Several other research firms have also recently issued reports on SINA. Benchmark raised their target price on shares of SINA from $157.00 to $174.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. BidaskClub cut shares of SINA from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. JPMorgan Chase & Co. raised their target price on shares of SINA from $175.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research raised shares of SINA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $139.00.
SINA (NASDAQ:SINA) traded down $1.76 on Thursday, hitting $116.80. 756,938 shares of the company traded hands, compared to its average volume of 914,672. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.22 and a quick ratio of 2.68. SINA has a twelve month low of $68.33 and a twelve month high of $124.60. The firm has a market capitalization of $8,478.78, a PE ratio of 55.89 and a beta of 1.01.
SINA (NASDAQ:SINA) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.29. SINA had a net margin of 9.89% and a return on equity of 3.99%. The business had revenue of $503.70 million during the quarter, compared to the consensus estimate of $482.59 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was up 62.1% compared to the same quarter last year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alkeon Capital Management LLC lifted its position in SINA by 29.3% during the third quarter. Alkeon Capital Management LLC now owns 2,706,876 shares of the technology company’s stock valued at $310,343,000 after buying an additional 614,000 shares in the last quarter. HBK Investments L P lifted its position in SINA by 95.6% during the fourth quarter. HBK Investments L P now owns 1,186,821 shares of the technology company’s stock valued at $119,050,000 after buying an additional 580,073 shares in the last quarter. Platinum Investment Management Ltd. lifted its position in SINA by 16.1% during the fourth quarter. Platinum Investment Management Ltd. now owns 3,365,882 shares of the technology company’s stock valued at $337,631,000 after buying an additional 466,731 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in SINA by 129.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 533,073 shares of the technology company’s stock valued at $53,473,000 after buying an additional 301,248 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of SINA by 9.3% during the fourth quarter. BlackRock Inc. now owns 2,673,227 shares of the technology company’s stock worth $268,152,000 after purchasing an additional 226,476 shares in the last quarter. 66.10% of the stock is currently owned by institutional investors and hedge funds.
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SINA 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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