SINA (NASDAQ:SINA) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of SINA from a “hold” rating to a “strong sell” rating in a research note on Friday, September 7th. JPMorgan Chase & Co. assumed coverage on shares of SINA in a research note on Wednesday, August 29th. They set an “overweight” rating and a $150.00 price target for the company. ValuEngine lowered shares of SINA from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 7th. Finally, Jefferies Financial Group restated a “buy” rating and set a $144.00 price target on shares of SINA in a research note on Thursday, July 26th. Three research analysts have rated the stock with a sell rating and four have given a buy rating to the company. SINA has an average rating of “Hold” and a consensus price target of $135.00.
NASDAQ:SINA opened at $62.42 on Tuesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 29.87 and a beta of 0.95. SINA has a 52 week low of $57.85 and a 52 week high of $124.60.
SINA (NASDAQ:SINA) last issued its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.39. SINA had a net margin of 8.23% and a return on equity of 4.39%. The company had revenue of $537.36 million during the quarter, compared to analyst estimates of $538.10 million. During the same quarter last year, the business posted $0.70 EPS. SINA’s quarterly revenue was up 49.7% compared to the same quarter last year. Equities analysts forecast that SINA will post 2.3 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. State of New Jersey Common Pension Fund D increased its stake in shares of SINA by 83.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 35,475 shares of the technology company’s stock worth $2,465,000 after purchasing an additional 16,179 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new position in SINA in the 3rd quarter worth approximately $244,000. Bank of New York Mellon Corp boosted its holdings in SINA by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,204 shares of the technology company’s stock worth $6,454,000 after buying an additional 5,870 shares during the period. Nomura Holdings Inc. boosted its holdings in SINA by 76.3% in the 2nd quarter. Nomura Holdings Inc. now owns 26,736 shares of the technology company’s stock worth $2,264,000 after buying an additional 11,574 shares during the period. Finally, Andra AP fonden bought a new position in SINA in the 2nd quarter worth approximately $4,590,000. Institutional investors own 67.00% of the company’s stock.
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, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels.
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