Sina Corp. (SINA) Trading Up 2.5%
Sina Corp. (NASDAQ:SINA)’s share price was up 2.5% 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.
A number of brokerages have recently commented on SINA. Zacks Investment Research upgraded shares of Sina Corp. from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Thursday, May 19th. Brean Capital reiterated a “buy” rating on shares of Sina Corp. in a report on Thursday, May 12th. Citigroup Inc. began coverage on shares of Sina Corp. in a report on Friday, August 5th. They set a “buy” rating and a $69.00 price target for the company. Finally, Jefferies Group upgraded shares of Sina Corp. from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Friday, July 22nd. Three investment 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 an average target price of $57.03.
The company’s 50-day moving average price is $63.84 and its 200 day moving average price is $52.59. The stock has a market capitalization of $5.74 billion and a price-to-earnings ratio of 66.30.
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 Zacks’ consensus estimate of $0.15 by $0.12. During the same period in the prior year, the business posted $0.06 EPS. The firm earned $244 million during the quarter, compared to analyst estimates of $231.09 million. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. Equities research analysts predict 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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