Sina Corp. (SINA) Trading Down 1.9%
Shares of Sina Corp. (NASDAQ:SINA) were down 1.9% during mid-day trading on Friday . The stock traded as low as $52.05 and last traded at $52.09, with a volume of 471,705 shares changing hands. The stock had previously closed at $53.12.
Several analysts have recently issued reports on SINA shares. Brean Capital restated a “buy” rating on shares of Sina Corp. in a research report on Thursday, May 12th. Zacks Investment Research upgraded Sina Corp. from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Thursday, May 19th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $50.83.
The stock has a market capitalization of $3.60 billion and a P/E ratio of 65.07. The company has a 50 day moving average of $51.79 and a 200 day moving average of $47.96.
Sina Corp. (NASDAQ:SINA) last issued its quarterly earnings results on Wednesday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $198.70 million for the quarter, compared to analyst estimates of $189.47 million. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 earnings per share. Equities research analysts anticipate that Sina Corp. will post $0.81 EPS for the current fiscal year.
A hedge fund recently raised its stake in Sina Corp. stock. First Trust Advisors LP increased its stake in Sina Corp. (NASDAQ:SINA) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,426 shares of the company’s stock after buying an additional 1,352 shares during the period. First Trust Advisors LP owned 0.05% of Sina Corp. worth $1,552,000 as of its most recent filing with the SEC.
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.
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