SINA Corp (NASDAQ:SINA) – Equities researchers at Jefferies Group dropped their FY2020 earnings per share (EPS) estimates for shares of SINA in a research report issued to clients and investors on Tuesday, March 13th, Zacks Investment Research reports. 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 objective on the stock.
SINA (NASDAQ:SINA) last posted its quarterly earnings results 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 net margin of 9.89% and a return on equity of 3.99%. The company had revenue of $503.70 million during the quarter, compared to analysts’ expectations of $482.59 million. During the same quarter in the previous year, the business posted $0.63 EPS. The firm’s revenue was up 62.1% on a year-over-year basis.
Several other research analysts have also recently commented on the stock. JPMorgan Chase boosted their price target on shares of SINA from $175.00 to $179.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Zacks Investment Research upgraded shares of SINA from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 24th. BidaskClub upgraded shares of SINA from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, Benchmark boosted their price target on shares of SINA from $157.00 to $174.00 and gave the stock 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 assigned a buy rating to the stock. SINA has an average rating of “Buy” and a consensus price target of $139.00.
NASDAQ SINA traded down $2.63 on Thursday, hitting $96.68. 739,131 shares of the stock were exchanged, compared to its average volume of 942,643. 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 has a fifty-two week low of $68.33 and a fifty-two week high of $124.60. The stock has a market capitalization of $6,914.07, a PE ratio of 46.26 and a beta of 1.14.
Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of SINA by 394.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,113 shares of the technology company’s stock valued at $19,414,000 after buying an additional 136,537 shares in the last quarter. Shamrock Asset Management LLC acquired a new position in shares of SINA in the 4th quarter valued at $940,000. Barings LLC acquired a new position in shares of SINA in the 4th quarter valued at $9,403,000. SG Americas Securities LLC boosted its holdings in shares of SINA by 73.6% in the 3rd quarter. SG Americas Securities LLC now owns 56,214 shares of the technology company’s stock valued at $6,445,000 after buying an additional 23,834 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of SINA by 3.6% in the 3rd quarter. KBC Group NV now owns 188,439 shares of the technology company’s stock valued at $21,605,000 after buying an additional 6,605 shares in the last quarter. Institutional investors and hedge funds own 66.04% of the company’s stock.
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SINA Company Profile
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.
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