BidaskClub Downgrades SINA (SINA) to Strong Sell

BidaskClub cut shares of SINA (NASDAQ:SINA) from a sell rating to a strong sell rating in a research report released on Friday.

A number of other brokerages also recently issued reports on SINA. Zacks Investment Research upgraded SINA from a sell rating to a hold rating in a report on Friday, March 9th. Jefferies Group reiterated a buy rating and issued a $175.00 price target on shares of SINA in a report on Wednesday, January 24th. JPMorgan Chase lifted their price target on SINA from $175.00 to $179.00 and gave the company an overweight rating in a report on Thursday, February 15th. Finally, Benchmark lifted their price target on SINA from $157.00 to $174.00 and gave the company a buy rating in a report on Wednesday, February 14th. 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 company’s stock. The stock presently has an average rating of Buy and a consensus price target of $139.00.

SINA traded down $2.63 during trading on Friday, hitting $96.68. 738,631 shares of the stock were exchanged, compared to its average volume of 942,643. The company has a market capitalization of $7,102.12, a P/E ratio of 46.26 and a beta of 1.14. SINA has a 1 year low of $68.33 and a 1 year high of $124.60. The company has a quick ratio of 2.68, a current ratio of 3.22 and a debt-to-equity ratio of 0.24.

SINA (NASDAQ:SINA) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.50 by $0.29. SINA had a return on equity of 3.99% and a net margin of 9.89%. The company had revenue of $503.70 million for the quarter, compared to the consensus estimate of $482.59 million. During the same period last year, the business posted $0.63 EPS. SINA’s quarterly revenue was up 62.1% on a year-over-year basis. equities analysts anticipate that SINA will post 2.97 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. Financial Gravity Companies Inc. purchased a new position in shares of SINA in the 4th quarter valued at $137,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of SINA in the 4th quarter worth $126,000. Stifel Financial Corp acquired a new stake in shares of SINA in the 3rd quarter worth $210,000. B. Riley Financial Inc. acquired a new stake in shares of SINA in the 4th quarter worth $234,000. Finally, Bank of Montreal Can boosted its position in shares of SINA by 93.6% in the 4th quarter. Bank of Montreal Can now owns 2,600 shares of the technology company’s stock worth $260,000 after purchasing an additional 1,257 shares in the last quarter. Institutional investors and hedge funds own 66.04% of the company’s stock.

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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, entertainment, and education; and education, digital, fashion, eLadies, luxury, health, collectibles, travel, and other interest-based channels.

Analyst Recommendations for SINA (NASDAQ:SINA)

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