Shares of SINA Corp (NASDAQ:SINA) gapped down before the market opened on Friday . The stock had previously closed at $30.09, but opened at $33.68. SINA shares last traded at $33.27, with a volume of 80,693 shares changing hands.
A number of research analysts have weighed in on the company. BidaskClub lowered SINA from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 25th. BOCOM International raised SINA from a “neutral” rating to a “buy” rating in a report on Wednesday, August 21st. Citigroup set a $59.00 target price on SINA and gave the company a “buy” rating in a report on Wednesday, August 21st. Jefferies Financial Group assumed coverage on SINA in a report on Monday, August 5th. They set a “hold” rating for the company. Finally, ValuEngine raised SINA from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. SINA currently has a consensus rating of “Hold” and a consensus target price of $64.31.
The company has a debt-to-equity ratio of 0.24, a current ratio of 2.52 and a quick ratio of 2.52. The company has a fifty day moving average price of $40.35 and a 200 day moving average price of $42.70. The company has a market cap of $2.41 billion, a PE ratio of 19.54 and a beta of 1.35.
SINA (NASDAQ:SINA) last announced its quarterly earnings data on Thursday, November 14th. The technology company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.35. The firm had revenue of $561.45 million during the quarter, compared to the consensus estimate of $557.76 million. SINA had a return on equity of 3.10% and a net margin of 5.66%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. As a group, sell-side analysts predict that SINA Corp will post 2.12 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in SINA. Signaturefd LLC raised its holdings in shares of SINA by 53.6% during the second quarter. Signaturefd LLC now owns 885 shares of the technology company’s stock valued at $38,000 after acquiring an additional 309 shares in the last quarter. Destination Wealth Management bought a new position in shares of SINA during the second quarter valued at approximately $38,000. Griffin Asset Management Inc. bought a new position in shares of SINA during the second quarter valued at approximately $52,000. Hall Laurie J Trustee raised its holdings in shares of SINA by 668.6% during the second quarter. Hall Laurie J Trustee now owns 1,345 shares of the technology company’s stock valued at $58,000 after acquiring an additional 1,170 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of SINA by 118.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,228 shares of the technology company’s stock valued at $96,000 after acquiring an additional 1,207 shares in the last quarter. Institutional investors own 68.71% of the company’s stock.
About SINA (NASDAQ:SINA)
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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