Sina Corp. (SINA) Trading 2.5% Higher
Sina Corp. (NASDAQ:SINA)’s share price traded up 2.5% during mid-day trading on Thursday . The stock traded as high as $79.61 and last traded at $78.44, with a volume of 2,381,594 shares trading hands. The stock had previously closed at $76.50.
Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of Sina Corp. in a research report on Wednesday. Jefferies Group restated a “buy” rating and issued a $67.00 price target on shares of Sina Corp. in a research report on Monday. Brean Capital restated a “buy” rating on shares of Sina Corp. in a research report on Tuesday, August 16th. TheStreet upgraded shares of Sina Corp. to a “buy” rating in a research report on Friday, August 19th. Finally, Citigroup Inc. assumed coverage on shares of Sina Corp. in a research report on Friday, August 5th. They issued a “buy” rating and a $69.00 price target for the company. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $57.03.
The stock has a 50-day moving average of $62.32 and a 200 day moving average of $52.19. The company has a market cap of $5.52 billion and a price-to-earnings ratio of 63.77.
Sina Corp. (NASDAQ:SINA) last announced its earnings results on Monday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The company had revenue of $244 million for the quarter, compared to the consensus estimate of $231.09 million. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities research analysts predict that Sina Corp. will post $1.08 EPS for the current 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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