Shares of SINA Corp (NASDAQ:SINA) have received an average recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $146.83.
A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of SINA from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Jefferies Group reaffirmed a “buy” rating and set a $175.00 price target on shares of SINA in a report on Wednesday, January 24th. Zacks Investment Research raised shares of SINA from a “sell” rating to a “hold” rating in a report on Friday, March 9th. JPMorgan Chase raised their price objective on shares of SINA from $175.00 to $179.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Benchmark raised their price objective on shares of SINA from $157.00 to $174.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th.
Several institutional investors and hedge funds have recently bought and sold shares of SINA. Alkeon Capital Management LLC boosted its holdings in shares of SINA by 29.3% in the third quarter. Alkeon Capital Management LLC now owns 2,706,876 shares of the technology company’s stock worth $310,343,000 after buying an additional 614,000 shares during the last quarter. HBK Investments L P raised its stake in SINA by 95.6% during the 4th quarter. HBK Investments L P now owns 1,186,821 shares of the technology company’s stock worth $119,050,000 after acquiring an additional 580,073 shares during the period. Platinum Investment Management Ltd. raised its stake in SINA by 16.1% during the 4th quarter. Platinum Investment Management Ltd. now owns 3,365,882 shares of the technology company’s stock worth $337,631,000 after acquiring an additional 466,731 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in SINA by 129.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 533,073 shares of the technology company’s stock worth $53,473,000 after acquiring an additional 301,248 shares during the period. Finally, BlackRock Inc. raised its stake in SINA by 9.3% during the 4th quarter. BlackRock Inc. now owns 2,673,227 shares of the technology company’s stock worth $268,152,000 after acquiring an additional 226,476 shares during the period. 66.04% of the stock is currently owned by institutional investors.
Shares of NASDAQ SINA traded up $3.28 during trading on Wednesday, reaching $99.96. 405,151 shares of the company traded hands, compared to its average volume of 985,140. The company has a quick ratio of 2.68, a current ratio of 3.22 and a debt-to-equity ratio of 0.24. The company has a market cap of $6,914.04, a PE ratio of 46.26 and a beta of 1.14. SINA has a 52-week low of $68.33 and a 52-week high of $124.60.
SINA (NASDAQ:SINA) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 9.89% and a return on equity of 3.99%. The business’s quarterly revenue was up 62.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 EPS. equities research analysts anticipate that SINA will post 2.97 EPS for the current fiscal year.
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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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