Sina Corp. (SINA) Stock Price Down 2.1%
Sina Corp. (NASDAQ:SINA) shares were down 2.1% during mid-day trading on Wednesday . The company traded as low as $50.28 and last traded at $50.85, with a volume of 300,687 shares changing hands. The stock had previously closed at $51.94.
A number of research analysts recently issued reports on SINA shares. Zacks Investment Research cut shares of Sina Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, March 8th. Brean Capital restated a “buy” rating on shares of Sina Corp. in a report on Thursday, May 12th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $50.76.
The stock has a market cap of $3.51 billion and a PE ratio of 63.51. The stock has a 50 day moving average of $50.64 and a 200-day moving average of $47.79.
Sina Corp. (NASDAQ:SINA) last posted 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 business earned $198.70 million during the quarter, compared to analyst estimates of $189.47 million. During the same period in the previous year, the business posted $0.04 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Sina Corp. will post $0.83 EPS for the current fiscal year.
A number of hedge funds have bought and sold shares of SINA. Russell Frank Co increased its stake in Sina Corp. by 61.7% in the fourth quarter. Russell Frank Co now owns 367,846 shares of the company’s stock valued at $18,140,000 after buying an additional 140,344 shares during the last quarter. Numeric Investors LLC acquired a new stake in Sina Corp. during the fourth quarter valued at about $4,773,000. Finally, First Trust Advisors LP increased its stake in Sina Corp. by 4.5% in the fourth quarter. First Trust Advisors LP now owns 31,426 shares of the company’s stock valued at $1,552,000 after buying an additional 1,352 shares during the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.