SINA (NASDAQ:SINA) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.
A number of other research analysts have also recently commented on the company. Macquarie cut SINA from an “outperform” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Friday, May 24th. ValuEngine upgraded SINA from a “sell” rating to a “hold” rating in a report on Tuesday. Benchmark decreased their price objective on SINA from $108.00 to $78.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Goldman Sachs Group upgraded SINA from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $71.00 to $61.00 in a report on Friday, May 31st. Finally, Zacks Investment Research cut SINA from a “hold” rating to a “strong sell” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.69.
SINA opened at $42.07 on Tuesday. SINA has a one year low of $32.99 and a one year high of $72.94. The stock has a market capitalization of $2.69 billion, a PE ratio of 24.75 and a beta of 1.37. The business’s 50 day moving average price is $39.46 and its 200 day moving average price is $51.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.61 and a current ratio of 2.61.
SINA (NASDAQ:SINA) last released its quarterly earnings data on Monday, August 19th. The technology company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.74. SINA had a return on equity of 3.47% and a net margin of 6.06%. The firm had revenue of $533.00 million for the quarter, compared to analysts’ expectations of $519.55 million. During the same period in the prior year, the firm posted $0.89 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts forecast that SINA will post 1.95 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in SINA by 2.6% during the first quarter. BlackRock Inc. now owns 4,733,305 shares of the technology company’s stock worth $280,402,000 after purchasing an additional 118,172 shares in the last quarter. Genesis Asset Managers LLP lifted its stake in SINA by 181.5% during the second quarter. Genesis Asset Managers LLP now owns 3,177,323 shares of the technology company’s stock worth $137,038,000 after purchasing an additional 2,048,698 shares in the last quarter. Fosun International Ltd lifted its stake in SINA by 1.9% during the first quarter. Fosun International Ltd now owns 1,967,578 shares of the technology company’s stock worth $116,560,000 after purchasing an additional 35,802 shares in the last quarter. HBK Investments L P lifted its stake in SINA by 60.5% during the second quarter. HBK Investments L P now owns 1,451,465 shares of the technology company’s stock worth $62,602,000 after purchasing an additional 547,320 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in SINA by 11.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,146,773 shares of the technology company’s stock worth $49,460,000 after purchasing an additional 116,471 shares in the last quarter. Institutional investors own 65.02% of the company’s stock.
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.
See Also: Google Finance Portfolio Tips and Tricks
Receive News & Ratings for SINA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SINA and related companies with MarketBeat.com's FREE daily email newsletter.