Sina Corp. (NASDAQ:SINA) – Research analysts at Jefferies Group upped their FY2017 earnings estimates for shares of Sina Corp. in a research report issued on Thursday. Jefferies Group analyst now anticipates that the brokerage will post earnings of $1.45 per share for the year, up from their prior estimate of $1.40. Jefferies Group currently has a “Buy” rating and a $95.00 target price on the stock. Jefferies Group also issued estimates for Sina Corp.’s FY2018 earnings at $2.39 EPS.

Sina Corp. (NASDAQ:SINA) last released its earnings results on Monday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.12. Sina Corp. had a net margin of 8.97% and a return on equity of 0.32%. The company had revenue of $244 million for the quarter, compared to the consensus estimate of $231.09 million. During the same quarter in the previous year, the company earned $0.06 EPS. Sina Corp.’s quarterly revenue was up 14.4% compared to the same quarter last year.

Several other research firms have also issued reports on SINA. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Sina Corp. in a research report on Wednesday, August 31st. Brean Capital reiterated a “buy” rating on shares of Sina Corp. in a report on Tuesday, August 16th. TheStreet upgraded Sina Corp. to a “buy” rating in a report on Friday, August 19th. Citigroup Inc. assumed coverage on Sina Corp. in a report on Friday, August 5th. They issued a “buy” rating and a $69.00 price objective for the company. Finally, Zacks Investment Research downgraded Sina Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $60.14.

Sina Corp. (NASDAQ:SINA) traded down 0.90% on Monday, hitting $78.40. 225,136 shares of the company were exchanged. The stock has a 50 day moving average of $75.68 and a 200 day moving average of $57.75. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 63.48 and a beta of 1.39. Sina Corp. has a 52 week low of $39.58 and a 52 week high of $85.24.

Several hedge funds and other institutional investors have recently made changes to their positions in SINA. Ariose Capital Management Ltd bought a new position in shares of Sina Corp. during the second quarter worth about $17,320,000. Envestnet Asset Management Inc. increased its position in shares of Sina Corp. by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 52,146 shares of the company’s stock worth $2,470,000 after buying an additional 1,277 shares during the period. SG Americas Securities LLC increased its position in shares of Sina Corp. by 16.3% in the second quarter. SG Americas Securities LLC now owns 43,112 shares of the company’s stock worth $2,236,000 after buying an additional 6,027 shares during the period. NINE MASTS CAPITAL Ltd bought a new position in shares of Sina Corp. during the second quarter worth about $3,783,000. Finally, Contrarius Investment Management Ltd increased its position in shares of Sina Corp. by 25.8% in the first quarter. Contrarius Investment Management Ltd now owns 161,298 shares of the company’s stock worth $7,641,000 after buying an additional 33,045 shares during the period. Institutional investors own 58.88% of the company’s stock.

About Sina Corp.

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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