SINA Corp (NASDAQ:SINA) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $73.53 and last traded at $74.13, with a volume of 76977 shares changing hands. The stock had previously closed at $74.51.
SINA has been the topic of several recent analyst reports. ValuEngine upgraded shares of SINA from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. Zacks Investment Research cut shares of SINA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 17th. Benchmark reiterated a “buy” rating and set a $159.00 price objective on shares of SINA in a research report on Thursday, May 10th. They noted that the move was a valuation call. TheStreet cut shares of SINA from a “b-” rating to a “c” rating in a research report on Wednesday, May 9th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $144.00 price objective on shares of SINA in a research report on Thursday, July 26th. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. SINA presently has an average rating of “Hold” and a consensus target price of $140.80.
The stock has a market cap of $5.36 billion, a PE ratio of 35.76 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20.
SINA (NASDAQ:SINA) last released its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.39. The firm had revenue of $537.36 million for the quarter, compared to analysts’ expectations of $538.10 million. SINA had a net margin of 8.23% and a return on equity of 4.40%. The company’s revenue for the quarter was up 49.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 earnings per share. equities analysts expect that SINA Corp will post 2.68 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Atlas Capital Advisors LLC purchased a new position in shares of SINA in the second quarter valued at $104,000. Financial Gravity Wealth Inc. purchased a new position in shares of SINA in the first quarter valued at $131,000. Redpoint Investment Management Pty Ltd purchased a new position in shares of SINA in the second quarter valued at $202,000. XR Securities LLC purchased a new position in shares of SINA in the second quarter valued at $206,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of SINA by 44.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,626 shares of the technology company’s stock valued at $222,000 after purchasing an additional 813 shares in the last quarter. 72.57% of the stock is owned by hedge funds and other institutional investors.
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, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels.
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