SINA (SINA) Downgraded to “Strong Sell” at BidaskClub

BidaskClub lowered shares of SINA (NASDAQ:SINA) from a sell rating to a strong sell rating in a research note published on Friday morning.

Several other analysts also recently commented on the stock. Credit Suisse Group assumed coverage on shares of SINA in a report on Monday, February 4th. They issued a neutral rating and a $58.50 price objective on the stock. Zacks Investment Research raised shares of SINA from a sell rating to a hold rating and set a $67.00 price objective on the stock in a report on Friday, February 1st. Jefferies Financial Group reaffirmed a buy rating and issued a $89.00 price objective on shares of SINA in a report on Tuesday, November 20th. Benchmark decreased their target price on shares of SINA from $119.00 to $96.00 and set a buy rating for the company in a research note on Monday, November 5th. Finally, ValuEngine upgraded shares of SINA from a strong sell rating to a sell rating in a research note on Saturday, October 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $98.08.

SINA stock opened at $59.82 on Friday. The firm has a market capitalization of $4.30 billion, a PE ratio of 28.62 and a beta of 1.08. 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 12 month low of $51.76 and a 12 month high of $124.60.



SINA (NASDAQ:SINA) last released its quarterly earnings data on Wednesday, November 28th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.46 by $0.16. The business had revenue of $557.20 million for the quarter, compared to the consensus estimate of $561.76 million. SINA had a net margin of 7.58% and a return on equity of 4.22%. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. On average, research analysts expect that SINA will post 2.27 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Genesis Asset Managers LLP acquired a new position in shares of SINA in the 4th quarter valued at $188,299,000. Macquarie Group Ltd. lifted its stake in shares of SINA by 5.5% in the 3rd quarter. Macquarie Group Ltd. now owns 3,493,769 shares of the technology company’s stock valued at $242,747,000 after purchasing an additional 183,000 shares during the period. Wells Fargo & Company MN lifted its stake in shares of SINA by 1.6% in the 3rd quarter. Wells Fargo & Company MN now owns 2,382,628 shares of the technology company’s stock valued at $165,546,000 after purchasing an additional 38,673 shares during the period. Vanguard Group Inc. lifted its stake in shares of SINA by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,166,221 shares of the technology company’s stock valued at $150,509,000 after purchasing an additional 22,730 shares during the period. Finally, Vanguard Group Inc raised its position in SINA by 1.1% during the third quarter. Vanguard Group Inc now owns 2,166,221 shares of the technology company’s stock worth $150,509,000 after acquiring an additional 22,730 shares during the period. Hedge funds and other institutional investors own 69.40% of the company’s stock.

About 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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