Sina Corp. (SINA) Trading 3.7% Higher
Shares of Sina Corp. (NASDAQ:SINA) traded up 3.7% on Friday . The stock traded as high as $73.98 and last traded at $73.94, with a volume of 683,861 shares traded. The stock had previously closed at $71.32.
Several analysts recently weighed in on the company. Brean Capital restated a “buy” rating on shares of Sina Corp. in a research report on Tuesday, July 26th. Zacks Investment Research upgraded Sina Corp. from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Thursday, May 19th. Jefferies Group upgraded Sina Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Friday, July 22nd. TheStreet upgraded Sina Corp. to a “buy” rating in a research report on Friday, August 19th. Finally, Citigroup Inc. assumed coverage on Sina Corp. in a research report on Friday, August 5th. They set a “buy” rating and a $69.00 price objective for the company. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $56.69.
The stock has a market capitalization of $5.15 billion and a PE ratio of 59.48. The company’s 50-day moving average is $60.49 and its 200-day moving average is $51.37.
Sina Corp. (NASDAQ:SINA) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.12. The company earned $244 million during the quarter, compared to analysts’ expectations of $231.09 million. During the same quarter last year, the firm posted $0.06 earnings per share. Sina Corp.’s revenue for the quarter was up 14.4% compared to the same quarter last year. Analysts anticipate that Sina Corp. will post $1.08 EPS for the current fiscal year.
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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