BidaskClub Downgrades Sina (SINA) to Sell

BidaskClub cut shares of Sina (NASDAQ:SINA) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Sina from a hold rating to a sell rating in a research note on Thursday, November 9th. Benchmark raised their price target on shares of Sina from $142.00 to $157.00 and gave the company a buy rating in a research note on Wednesday, November 8th. Jefferies Group restated a buy rating on shares of Sina in a research note on Friday, August 11th. Bank of America restated a buy rating and issued a $119.00 price target (up from $112.00) on shares of Sina in a research note on Thursday, August 10th. Finally, Citigroup raised their price target on shares of Sina to $140.00 and gave the company a buy rating in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Sina presently has an average rating of Buy and an average target price of $115.57.

Sina (NASDAQ:SINA) opened at $96.07 on Friday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.04. Sina has a 1-year low of $60.46 and a 1-year high of $119.20. The company has a market cap of $6,920.00, a PE ratio of 65.61 and a beta of 0.98.

Sina (NASDAQ:SINA) last released its earnings results on Tuesday, November 7th. The technology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.51 by $0.26. Sina had a net margin of 9.41% and a return on equity of 3.36%. The firm had revenue of $440.50 million for the quarter, compared to analyst estimates of $404.71 million. During the same period last year, the firm earned $0.56 EPS. The business’s quarterly revenue was up 60.2% compared to the same quarter last year. equities research analysts predict that Sina will post 2.13 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of SINA. Bank of Montreal Can boosted its position in Sina by 11.7% during the 2nd quarter. Bank of Montreal Can now owns 1,452 shares of the technology company’s stock worth $123,000 after buying an additional 152 shares during the period. Cadence Capital Management LLC boosted its position in Sina by 1.6% during the 2nd quarter. Cadence Capital Management LLC now owns 10,000 shares of the technology company’s stock worth $850,000 after buying an additional 160 shares during the period. Navellier & Associates Inc boosted its position in Sina by 2.2% during the 2nd quarter. Navellier & Associates Inc now owns 13,554 shares of the technology company’s stock worth $1,152,000 after buying an additional 295 shares during the period. Aviva PLC boosted its position in Sina by 3.0% during the 2nd quarter. Aviva PLC now owns 10,400 shares of the technology company’s stock worth $883,000 after buying an additional 300 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Sina by 10.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,500 shares of the technology company’s stock worth $631,000 after buying an additional 500 shares during the period. Institutional investors own 69.69% of the company’s stock.

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Sina 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.

Analyst Recommendations for Sina (NASDAQ:SINA)

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