SINA (NASDAQ:SINA) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday.

According to Zacks, “SINA’s business is likely to be impacted by soft macroeconomic conditions in China. Uncertainty over advertising business and portal is preventing management from providing quarterly or yearly guidance. Increasing marketing spend on SINA news app and continuing investments in other verticals like Internet banking and insurance will weigh on margins. Additionally, competition within the online advertising business in China is fierce, which is a big threat. Shares have underperformed the industry in the past year. The company has mixed record of earnings surprises in recent quarters.”

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A number of other equities analysts have also recently commented on the company. JPMorgan Chase raised their target price on SINA from $175.00 to $179.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Jefferies Group reaffirmed a “buy” rating and issued a $175.00 target price on shares of SINA in a report on Wednesday, January 24th. BidaskClub raised SINA from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, Benchmark raised their price target on SINA from $157.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $139.00.

SINA stock traded up $1.00 during trading on Tuesday, reaching $95.81. The company had a trading volume of 538,469 shares, compared to its average volume of 997,732. SINA has a 52 week low of $68.33 and a 52 week high of $124.60. The stock has a market cap of $6,677.32, a P/E ratio of 45.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.68 and a current ratio of 3.22.

SINA (NASDAQ:SINA) last announced its earnings results on Tuesday, February 13th. The technology company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.29. SINA had a return on equity of 3.99% and a net margin of 9.89%. The company had revenue of $503.70 million for the quarter, compared to analysts’ expectations of $482.59 million. During the same period last year, the firm earned $0.63 EPS. SINA’s revenue for the quarter was up 62.1% compared to the same quarter last year. analysts predict that SINA will post 2.97 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in SINA by 5.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 9,621 shares of the technology company’s stock valued at $965,000 after acquiring an additional 500 shares during the period. Advisor Group Inc. raised its holdings in SINA by 24.8% during the fourth quarter. Advisor Group Inc. now owns 3,987 shares of the technology company’s stock valued at $399,000 after acquiring an additional 792 shares during the period. AMP Capital Investors Ltd raised its holdings in SINA by 9.4% during the third quarter. AMP Capital Investors Ltd now owns 9,300 shares of the technology company’s stock valued at $1,066,000 after acquiring an additional 800 shares during the period. Creative Planning raised its holdings in SINA by 39.6% during the fourth quarter. Creative Planning now owns 3,506 shares of the technology company’s stock valued at $352,000 after acquiring an additional 995 shares during the period. Finally, Ellington Management Group LLC raised its holdings in SINA by 27.8% during the fourth quarter. Ellington Management Group LLC now owns 4,600 shares of the technology company’s stock valued at $461,000 after acquiring an additional 1,000 shares during the period. 66.08% of the stock is currently owned by institutional investors and hedge funds.

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SINA Company Profile

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; business news coverage and personal finance columns; sporting events news; automobile-related news; entertainment news and events; technology updates; interactive video products, such as news, sports, entertainment, and education; and education, digital, fashion, eLadies, luxury, health, collectibles, travel, and other interest-based channels.

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