Stifel Nicolaus restated their hold rating on shares of Sina Corporation (NASDAQ:SINA) in a report published on Wednesday, May 17th. The brokerage currently has a $92.00 price objective on the technology company’s stock, up from their previous price objective of $74.00.
Several other research analysts have also recently weighed in on the stock. T.H. Capital upped their price target on shares of Sina Corporation from $62.00 to $94.00 and gave the stock a buy rating in a report on Friday, May 12th. Benchmark Co. initiated coverage on shares of Sina Corporation in a report on Tuesday, April 18th. They issued a buy rating and a $110.00 price target on the stock. Jefferies Group LLC reaffirmed a buy rating and issued a $122.00 price target on shares of Sina Corporation in a report on Wednesday, May 17th. Finally, Zacks Investment Research cut shares of Sina Corporation from a buy rating to a hold rating in a report on Tuesday, January 24th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Sina Corporation currently has a consensus rating of Buy and a consensus target price of $90.71.
Shares of Sina Corporation (SINA) traded down 0.44% during midday trading on Wednesday, reaching $85.91. The company had a trading volume of 996,196 shares. Sina Corporation has a one year low of $48.09 and a one year high of $105.99. The firm has a market capitalization of $6.10 billion, a P/E ratio of 26.24 and a beta of 1.15. The company has a 50 day moving average price of $89.97 and a 200-day moving average price of $75.25.
Sina Corporation (NASDAQ:SINA) last released its quarterly earnings results on Tuesday, May 16th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.78. The firm had revenue of $278.10 million for the quarter, compared to analysts’ expectations of $267.14 million. Sina Corporation had a net margin of 22.36% and a return on equity of 6.19%. The business’s quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. On average, analysts anticipate that Sina Corporation will post $2.68 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its stake in Sina Corporation by 10,005.1% in the third quarter. UBS Group AG now owns 80,639 shares of the technology company’s stock valued at $5,954,000 after buying an additional 79,841 shares during the last quarter. Moore Capital Management LP acquired a new stake in Sina Corporation during the third quarter valued at about $11,075,000. HBK Investments L P raised its stake in Sina Corporation by 509.5% in the third quarter. HBK Investments L P now owns 194,110 shares of the technology company’s stock valued at $14,331,000 after buying an additional 162,263 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in Sina Corporation during the third quarter valued at about $720,000. Finally, Hsbc Holdings PLC raised its stake in Sina Corporation by 39.3% in the third quarter. Hsbc Holdings PLC now owns 1,774,160 shares of the technology company’s stock valued at $130,986,000 after buying an additional 500,400 shares during the last quarter. Institutional investors and hedge funds own 65.95% of the company’s stock.
Sina Corporation 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.
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