Other analysts have also issued reports about the company. Benchmark raised their price objective on SINA from $96.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Deutsche Bank lowered SINA from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Zacks Investment Research raised SINA from a “sell” rating to a “hold” rating and set a $67.00 price objective on the stock in a research note on Friday, February 1st. Finally, Credit Suisse Group initiated coverage on SINA in a research note on Monday, February 4th. They issued a “neutral” rating and a $58.50 price objective on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. SINA presently has an average rating of “Hold” and a consensus target price of $94.50.
NASDAQ:SINA traded down $1.27 during trading hours on Thursday, hitting $55.73. The company’s stock had a trading volume of 964,682 shares, compared to its average volume of 788,363. The firm has a market capitalization of $4.07 billion, a PE ratio of 32.78 and a beta of 1.08. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.23. SINA has a twelve month low of $51.76 and a twelve month high of $96.71.
SINA (NASDAQ:SINA) last released its quarterly earnings data on Tuesday, March 5th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.48). The business had revenue of $573.01 million during the quarter, compared to analyst estimates of $575.29 million. SINA had a net margin of 5.96% and a return on equity of 3.39%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $0.79 earnings per share. On average, analysts anticipate that SINA will post 3.23 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of SINA by 4.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 4,570 shares of the technology company’s stock valued at $271,000 after purchasing an additional 190 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of SINA by 66.8% during the first quarter. Lindbrook Capital LLC now owns 482 shares of the technology company’s stock valued at $28,000 after purchasing an additional 193 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of SINA by 0.7% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,000 shares of the technology company’s stock valued at $1,777,000 after purchasing an additional 200 shares in the last quarter. ETF Managers Group LLC boosted its stake in shares of SINA by 1.4% during the fourth quarter. ETF Managers Group LLC now owns 15,358 shares of the technology company’s stock valued at $824,000 after purchasing an additional 218 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of SINA by 1.3% during the first quarter. Boston Partners now owns 18,614 shares of the technology company’s stock valued at $1,103,000 after purchasing an additional 241 shares in the last quarter. 62.88% of the stock is currently owned by hedge funds and other institutional investors.
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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