Credit Suisse Group initiated coverage on shares of SINA (NASDAQ:SINA) in a research note published on Monday, February 4th, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $58.50 price objective on the technology company’s stock.
Several other analysts have also recently commented on SINA. Zacks Investment Research raised shares of SINA from a sell rating to a hold rating and set a $67.00 target price for the company in a research note on Friday, February 1st. BidaskClub raised shares of SINA from a sell rating to a hold rating in a research note on Wednesday, December 5th. Benchmark lowered their target price on shares of SINA from $119.00 to $96.00 and set a buy rating for the company in a research note on Monday, November 5th. Jefferies Financial Group reiterated a buy rating and issued a $89.00 price target on shares of SINA in a report on Tuesday, November 20th. Finally, ValuEngine upgraded shares of SINA from a strong sell rating to a sell rating in a report on Saturday, October 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $98.08.
Shares of SINA traded down $0.02 during mid-day trading on Monday, reaching $67.35. 694,531 shares of the company’s stock were exchanged, compared to its average volume of 645,706. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.99 and a quick ratio of 2.99. SINA has a 52-week low of $51.76 and a 52-week high of $123.77. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 32.22 and a beta of 1.08.
SINA (NASDAQ:SINA) last issued its quarterly earnings data on Wednesday, November 28th. The technology company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.16. The business had revenue of $557.20 million during the quarter, compared to analysts’ expectations of $561.76 million. SINA had a net margin of 7.58% and a return on equity of 4.22%. The company’s revenue was up 25.8% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS. On average, equities analysts expect that SINA will post 2.27 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. ETF Managers Group LLC lifted its holdings in shares of SINA by 1.4% during the 4th quarter. ETF Managers Group LLC now owns 15,358 shares of the technology company’s stock valued at $824,000 after acquiring an additional 218 shares in the last quarter. AlphaOne Investment Services LLC acquired a new position in shares of SINA during the 4th quarter valued at $37,000. Allianz Asset Management GmbH lifted its holdings in shares of SINA by 6.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 15,178 shares of the technology company’s stock valued at $1,055,000 after acquiring an additional 868 shares in the last quarter. AMP Capital Investors Ltd lifted its holdings in SINA by 19.6% in the 3rd quarter. AMP Capital Investors Ltd now owns 5,378 shares of the technology company’s stock worth $375,000 after buying an additional 883 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in SINA by 12.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 8,415 shares of the technology company’s stock worth $585,000 after buying an additional 911 shares in the last quarter. Institutional investors and hedge funds own 68.93% 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.
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