SINA Corp (SINA) Given Consensus Recommendation of “Buy” by Brokerages

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.

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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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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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