Sina Corp. (NASDAQ:SINA) has been assigned a $95.00 price objective by Jefferies Group in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 22.61% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Brean Capital upped their target price on Sina Corp. from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Citigroup Inc. assumed coverage on Sina Corp. in a report on Friday, August 5th. They issued a “buy” rating and a $69.00 target price for the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Sina Corp. in a report on Wednesday, August 31st. Finally, TheStreet raised Sina Corp. to a “buy” rating in a report on Friday, August 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Sina Corp. currently has a consensus rating of “Buy” and an average target price of $61.37.
Sina Corp. (NASDAQ:SINA) traded up 1.40% during trading on Thursday, hitting $77.48. The stock had a trading volume of 981,293 shares. Sina Corp. has a one year low of $39.58 and a one year high of $85.24. The firm has a market capitalization of $5.46 billion, a P/E ratio of 26.50 and a beta of 1.40. The stock has a 50 day moving average of $73.29 and a 200 day moving average of $64.02.
Sina Corp. (NASDAQ:SINA) last announced its quarterly earnings data on Monday, November 21st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.21. Sina Corp. had a return on equity of 5.12% and a net margin of 22.57%. The business earned $272.30 million during the quarter, compared to the consensus estimate of $265.30 million. During the same period in the prior year, the company earned $0.39 EPS. Sina Corp.’s revenue for the quarter was up 21.5% on a year-over-year basis. Equities research analysts expect that Sina Corp. will post $1.21 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the company. Ariose Capital Management Ltd acquired a new stake in Sina Corp. during the second quarter valued at approximately $17,320,000. Schroder Investment Management Group boosted its stake in Sina Corp. by 159.0% in the second quarter. Schroder Investment Management Group now owns 4,013,943 shares of the company’s stock valued at $208,203,000 after buying an additional 2,464,232 shares in the last quarter. Quantbot Technologies LP boosted its stake in Sina Corp. by 2,485.0% in the third quarter. Quantbot Technologies LP now owns 6,721 shares of the company’s stock valued at $496,000 after buying an additional 6,461 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Sina Corp. by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 52,146 shares of the company’s stock valued at $2,470,000 after buying an additional 1,277 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Sina Corp. by 16.3% in the second quarter. SG Americas Securities LLC now owns 43,112 shares of the company’s stock valued at $2,236,000 after buying an additional 6,027 shares in the last quarter. 57.50% of the stock is owned by institutional investors and hedge funds.
About Sina Corp.