BidaskClub downgraded shares of SINA (NASDAQ:SINA) from a sell rating to a strong sell rating in a report issued on Friday.
A number of other equities analysts have also weighed in on the company. ValuEngine upgraded SINA from a strong sell rating to a sell rating in a research note on Saturday, October 27th. Jefferies Financial Group reiterated a buy rating and set a $89.00 price objective on shares of SINA in a research report on Tuesday, November 20th. Benchmark reduced their price objective on SINA from $119.00 to $96.00 and set a buy rating on the stock in a research report on Monday, November 5th. Zacks Investment Research upgraded SINA from a sell rating to a hold rating in a research report on Wednesday, December 5th. Finally, Credit Suisse Group started coverage on SINA in a report on Monday, February 4th. They set a neutral rating and a $58.50 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $98.08.
SINA stock opened at $58.78 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.99 and a current ratio of 2.99. SINA has a 1-year low of $51.76 and a 1-year high of $124.60. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 28.12 and a beta of 1.08.
SINA (NASDAQ:SINA) last issued its quarterly earnings results on Wednesday, November 28th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.16. SINA had a return on equity of 4.22% and a net margin of 7.58%. The firm had revenue of $557.20 million for the quarter, compared to analysts’ expectations of $561.76 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. As a group, research analysts predict that SINA will post 2.27 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of SINA. Genesis Asset Managers LLP purchased a new stake in shares of SINA during the 4th quarter worth about $188,299,000. Pekin Singer Strauss Asset Management IL purchased a new position in shares of SINA during the third quarter valued at approximately $17,860,000. Pictet Asset Management Ltd. lifted its stake in shares of SINA by 40.2% during the third quarter. Pictet Asset Management Ltd. now owns 865,495 shares of the technology company’s stock valued at $60,135,000 after buying an additional 247,960 shares during the period. Rubric Capital Management LP purchased a new position in shares of SINA during the third quarter valued at approximately $13,896,000. Finally, Macquarie Group Ltd. lifted its stake in shares of SINA by 5.5% during the third quarter. Macquarie Group Ltd. now owns 3,493,769 shares of the technology company’s stock valued at $242,747,000 after buying an additional 183,000 shares during the period. 69.40% of the stock is owned by institutional investors and hedge funds.
SINA Company Profile
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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