SINA (SINA) Trading Down 6.1%

SINA Corp (NASDAQ:SINA)’s share price dropped 6.1% on Thursday . The company traded as low as $101.11 and last traded at $101.16. Approximately 1,204,266 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 904,414 shares. The stock had previously closed at $107.70.

SINA has been the subject of a number of analyst reports. BidaskClub cut SINA from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Zacks Investment Research raised SINA from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 24th. Benchmark upped their price target on SINA from $142.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $175.00 price target on shares of SINA in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $129.50.

The company has a market capitalization of $7,234.42, a price-to-earnings ratio of 59.31 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.68 and a current ratio of 2.68.

SINA (NASDAQ:SINA) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.26. SINA had a return on equity of 3.36% and a net margin of 9.41%. The business had revenue of $440.50 million during the quarter, compared to analysts’ expectations of $404.71 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The business’s revenue was up 60.2% compared to the same quarter last year. research analysts predict that SINA Corp will post 2.13 EPS for the current year.

Several institutional investors have recently made changes to their positions in SINA. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of SINA during the fourth quarter valued at approximately $126,000. Verition Fund Management LLC acquired a new position in shares of SINA during the second quarter valued at approximately $205,000. Stifel Financial Corp acquired a new position in shares of SINA during the third quarter valued at approximately $210,000. Sheaff Brock Investment Advisors LLC acquired a new position in shares of SINA during the third quarter valued at approximately $214,000. Finally, B. Riley Financial Inc. acquired a new position in shares of SINA during the fourth quarter valued at approximately $234,000. 69.34% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “SINA (SINA) Trading Down 6.1%” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2018/02/10/sina-sina-trading-down-6-1.html.

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.

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.

Latest News

Leave a Reply