SINA (SINA) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of SINA (NASDAQ:SINA) from a sell rating to a hold rating in a report issued on Tuesday.

Other research analysts have also issued reports about the stock. Benchmark increased their price objective on shares of SINA from $142.00 to $157.00 and gave the stock a buy rating in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of SINA from a hold rating to a sell rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $120.67.

SINA (NASDAQ:SINA) traded up $1.78 during trading on Tuesday, hitting $104.61. 540,900 shares of the company’s stock traded hands, compared to its average volume of 1,077,355. SINA has a one year low of $60.46 and a one year high of $119.20. The firm has a market cap of $7,353.85, a PE ratio of 70.43 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.68 and a quick ratio of 2.68.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of SINA. Dimensional Fund Advisors LP raised its holdings in SINA by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 10,403 shares of the technology company’s stock valued at $754,000 after buying an additional 799 shares during the period. Bank of Montreal Can raised its holdings in SINA by 11.7% in the second quarter. Bank of Montreal Can now owns 1,452 shares of the technology company’s stock valued at $123,000 after buying an additional 152 shares during the period. US Bancorp DE raised its holdings in SINA by 55.1% in the second quarter. US Bancorp DE now owns 1,501 shares of the technology company’s stock valued at $127,000 after buying an additional 533 shares during the period. Great West Life Assurance Co. Can raised its holdings in SINA by 13.2% in the second quarter. Great West Life Assurance Co. Can now owns 25,752 shares of the technology company’s stock valued at $2,185,000 after buying an additional 3,000 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in SINA by 117.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,887 shares of the technology company’s stock valued at $1,177,000 after buying an additional 1,561 shares during the period. Hedge funds and other institutional investors own 69.26% 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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