Sina Corp. (SINA) Sets New 12-Month High at $56.00
Shares of Sina Corp. (NASDAQ:SINA) reached a new 52-week high during trading on Thursday . The company traded as high as $56.00 and last traded at $55.95, with a volume of 409,381 shares changing hands. The stock had previously closed at $54.56.
A number of research firms recently commented on SINA. Zacks Investment Research upgraded Sina Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Citigroup Inc. assumed coverage on Sina Corp. in a research report on Friday. They issued a “buy” rating and a $69.00 price target for the company. Jefferies Group upgraded Sina Corp. from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Friday, July 22nd. Finally, Brean Capital restated a “buy” rating on shares of Sina Corp. in a research report on Tuesday, July 26th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $54.93.
The firm has a market capitalization of $4.02 billion and a PE ratio of 72.71. The stock has a 50 day moving average of $52.50 and a 200-day moving average of $48.65.
Sina Corp. (NASDAQ:SINA) last released its quarterly earnings data on Wednesday, May 11th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business earned $198.70 million during the quarter, compared to analyst estimates of $189.47 million. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 earnings per share. On average, equities analysts forecast that Sina Corp. will post $0.85 EPS for the current fiscal year.
An institutional investor recently raised its position in Sina Corp. stock. First Trust Advisors LP increased its position in Sina Corp. (NASDAQ:SINA) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 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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