Shares of Sina Corp. (NASDAQ:SINA) have received an average rating of “Buy” from the ten analysts that are presently covering the firm. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $61.54.
Several brokerages have weighed in on SINA. Brean Capital reaffirmed a “buy” rating on shares of Sina Corp. in a research note on Tuesday, July 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Sina Corp. in a research note on Wednesday, August 31st. Jefferies Group raised Sina Corp. from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Friday, July 22nd. TheStreet raised Sina Corp. to a “buy” rating in a research note on Friday, August 19th. Finally, Citigroup Inc. started coverage on Sina Corp. in a research note on Friday, August 5th. They issued a “buy” rating and a $69.00 price objective on the stock.
Sina Corp. (NASDAQ:SINA) traded down 1.62% during trading on Friday, reaching $74.75. The company had a trading volume of 597,723 shares. Sina Corp. has a 12 month low of $39.58 and a 12 month high of $85.24. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 60.53 and a beta of 1.39. The stock has a 50 day moving average price of $76.00 and a 200 day moving average price of $58.02.
Sina Corp. (NASDAQ:SINA) last announced its earnings results on Monday, August 8th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. The firm had revenue of $244 million for the quarter, compared to the consensus estimate of $231.09 million. Sina Corp. had a return on equity of 0.32% and a net margin of 8.97%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. On average, equities research analysts predict that Sina Corp. will post $1.09 earnings per share for the current year.
Several institutional investors have recently modified their holdings of SINA. Commonwealth Equity Services Inc boosted its position in shares of Sina Corp. by 1.7% in the first quarter. Commonwealth Equity Services Inc now owns 9,094 shares of the company’s stock worth $431,000 after buying an additional 149 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Sina Corp. by 10.5% in the first quarter. BlackRock Group LTD now owns 37,781 shares of the company’s stock worth $1,790,000 after buying an additional 3,599 shares during the last quarter. Pictet Asset Management Ltd. bought a new position in shares of Sina Corp. during the first quarter worth about $3,513,000. Geode Capital Management LLC boosted its position in shares of Sina Corp. by 9.7% in the first quarter. Geode Capital Management LLC now owns 22,943 shares of the company’s stock worth $1,086,000 after buying an additional 2,038 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new position in shares of Sina Corp. during the first quarter worth about $515,000. Institutional investors and hedge funds own 58.88% of the company’s stock.
About Sina Corp.
Sina Corporation is an online media company serving China and the global Chinese communities. The Company’s digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances.
Receive News & Ratings for Sina Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sina Corp. and related companies with MarketBeat.com's FREE daily email newsletter.