Shares of SINA Corp (NASDAQ:SINA) have earned a consensus rating of “Buy” from the nine analysts that are covering the company. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $91.20.
A number of brokerages have issued reports on SINA. T.H. Capital upped their target price on SINA Corp from $62.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday. Benchmark Co. began coverage on SINA Corp in a research report on Tuesday, April 18th. They set a “buy” rating and a $110.00 target price for the company. Zacks Investment Research cut SINA Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 24th. Finally, Jefferies Group LLC set a $98.00 target price on SINA Corp and gave the stock a “buy” rating in a research report on Thursday, March 2nd.
SINA Corp (NASDAQ:SINA) traded up 0.19% on Friday, hitting $83.76. 150,889 shares of the company were exchanged. SINA Corp has a 52-week low of $44.57 and a 52-week high of $85.24. The stock has a market cap of $5.94 billion, a PE ratio of 27.79 and a beta of 1.15. The firm has a 50 day moving average of $73.49 and a 200-day moving average of $71.16.
SINA Corp (NASDAQ:SINA) last announced its earnings results on Wednesday, February 22nd. The technology company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. The firm had revenue of $310.80 million during the quarter, compared to analysts’ expectations of $301.56 million. SINA Corp had a return on equity of 5.05% and a net margin of 22.57%. The company’s revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, equities analysts expect that SINA Corp will post $2.32 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of SINA. DekaBank Deutsche Girozentrale purchased a new position in shares of SINA Corp during the first quarter valued at approximately $795,000. Advisor Group Inc. boosted its position in shares of SINA Corp by 89.3% in the third quarter. Advisor Group Inc. now owns 2,016 shares of the technology company’s stock valued at $149,000 after buying an additional 951 shares during the period. Sheaff Brock Investment Advisors LLC purchased a new position in shares of SINA Corp during the first quarter valued at approximately $228,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of SINA Corp during the fourth quarter valued at approximately $204,000. Finally, USA Financial Portformulas Corp purchased a new position in shares of SINA Corp during the third quarter valued at approximately $264,000. 61.40% of the stock is owned by hedge funds and other institutional investors.
SINA Corp Company Profile
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.