Sina Corp. (SINA) Shares Down 1.9%
Sina Corp. (NASDAQ:SINA) traded down 1.9% during mid-day trading on Friday . The company 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.
A number of equities research analysts have issued reports on the company. Brean Capital reissued a “buy” rating on shares of Sina Corp. in a research report on Tuesday, May 31st. Zacks Investment Research raised Sina Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Sina Corp. currently has an average rating of “Hold” and a consensus target price of $50.76.
The stock has a market cap of $3.60 billion and a PE ratio of 65.07. The stock’s 50 day moving average is $51.76 and its 200 day moving average is $47.94.
Sina Corp. (NASDAQ:SINA) last announced its quarterly earnings data on Wednesday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $198.70 million for the quarter, compared to analysts’ expectations of $189.47 million. During the same quarter in the prior year, the business posted $0.04 earnings per share. Sina Corp.’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts expect 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 raised its stake in shares of Sina Corp. (NASDAQ:SINA) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.
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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