SINA (SINA) Rating Increased to Hold at BidaskClub

SINA (NASDAQ:SINA) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other analysts have also issued reports about the company. Jefferies Financial Group reissued a “buy” rating and set a $89.00 target price on shares of SINA in a report on Tuesday, November 20th. JPMorgan Chase & Co. assumed coverage on SINA in a report on Wednesday, August 29th. They set an “overweight” rating and a $150.00 target price on the stock. ValuEngine lowered SINA from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 7th. Benchmark reduced their target price on SINA from $119.00 to $96.00 and set a “buy” rating on the stock in a report on Monday, November 5th. Finally, Zacks Investment Research lowered SINA from a “hold” rating to a “strong sell” rating in a report on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. SINA presently has an average rating of “Hold” and an average price target of $111.40.

Shares of NASDAQ SINA opened at $64.32 on Wednesday. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.24. SINA has a one year low of $56.67 and a one year high of $124.60. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 30.78 and a beta of 1.04.



SINA (NASDAQ:SINA) last released its earnings results on Wednesday, November 28th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.16. The company had revenue of $557.20 million for the quarter, compared to analyst estimates of $561.76 million. SINA had a return on equity of 4.22% and a net margin of 7.58%. SINA’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. Equities analysts forecast that SINA will post 2.15 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in SINA by 44.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,626 shares of the technology company’s stock valued at $222,000 after buying an additional 813 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in SINA by 6.1% in the third quarter. Allianz Asset Management GmbH now owns 15,178 shares of the technology company’s stock valued at $1,055,000 after buying an additional 868 shares in the last quarter. AMP Capital Investors Ltd boosted its stake in SINA by 19.6% in the third quarter. AMP Capital Investors Ltd now owns 5,378 shares of the technology company’s stock valued at $375,000 after buying an additional 883 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in SINA by 12.1% in the third quarter. Advisors Asset Management Inc. now owns 8,415 shares of the technology company’s stock valued at $585,000 after buying an additional 911 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in SINA by 3.1% in the third quarter. Teachers Advisors LLC now owns 31,701 shares of the technology company’s stock valued at $2,203,000 after buying an additional 943 shares in the last quarter. 64.83% of the stock is currently owned by 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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