BidaskClub upgraded shares of SINA (NASDAQ:SINA) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning, BidAskClub reports.
A number of other equities analysts also recently commented on SINA. Bank of America lowered their target price on shares of SINA from $120.00 to $108.00 and set a buy rating for the company in a research note on Monday, May 27th. Benchmark decreased their price objective on shares of SINA from $108.00 to $78.00 and set a buy rating for the company in a research note on Friday, May 24th. Zacks Investment Research downgraded shares of SINA from a hold rating to a strong sell rating in a research note on Thursday, May 23rd. Macquarie downgraded shares of SINA from an outperform rating to a neutral rating and set a $38.00 price objective for the company. in a research note on Friday, May 24th. Finally, ValuEngine upgraded shares of SINA from a sell rating to a hold rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. SINA presently has a consensus rating of Hold and a consensus price target of $73.83.
Shares of SINA stock opened at $41.54 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average price of $39.43 and a 200 day moving average price of $51.30. The company has a market cap of $3.03 billion, a P/E ratio of 24.44 and a beta of 1.37. SINA has a 12 month low of $32.99 and a 12 month high of $72.94.
SINA (NASDAQ:SINA) last issued its earnings results on Monday, August 19th. The technology company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.74. The firm had revenue of $533.00 million during the quarter, compared to the consensus estimate of $519.55 million. SINA had a net margin of 6.84% and a return on equity of 3.86%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. On average, equities analysts forecast that SINA will post 1.68 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC raised its holdings in shares of SINA by 66.8% in the first quarter. Lindbrook Capital LLC now owns 482 shares of the technology company’s stock valued at $28,000 after buying an additional 193 shares during the last quarter. Destination Wealth Management purchased a new stake in shares of SINA in the second quarter valued at about $38,000. Signaturefd LLC raised its holdings in shares of SINA by 53.6% in the second quarter. Signaturefd LLC now owns 885 shares of the technology company’s stock valued at $38,000 after buying an additional 309 shares during the last quarter. Griffin Asset Management Inc. purchased a new stake in shares of SINA in the second quarter valued at about $52,000. Finally, Hall Laurie J Trustee raised its holdings in shares of SINA by 668.6% in the second quarter. Hall Laurie J Trustee now owns 1,345 shares of the technology company’s stock valued at $58,000 after buying an additional 1,170 shares during the last quarter. Institutional investors own 65.02% of the company’s stock.
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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