Shares of Sina Corp. (NASDAQ:SINA) have earned a consensus rating of “Buy” from the ten analysts that are presently covering the firm. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $61.54.

Several research firms recently weighed in on SINA. Zacks Investment Research upgraded shares of Sina Corp. from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, June 28th. Brean Capital reiterated a “buy” rating on shares of Sina Corp. in a report on Tuesday, July 19th. TheStreet upgraded shares of Sina Corp. to a “buy” rating in a report on Friday, August 19th. Jefferies Group restated a “buy” rating and set a $67.00 target price on shares of Sina Corp. in a report on Monday, August 29th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Sina Corp. in a report on Wednesday, August 31st.

A number of institutional investors have recently made changes to their positions in SINA. BNP Paribas Arbitrage SA raised its position in shares of Sina Corp. by 2,840.0% in the third quarter. BNP Paribas Arbitrage SA now owns 2,499 shares of the company’s stock worth $185,000 after buying an additional 2,414 shares during the period. ClariVest Asset Management LLC acquired a new position in shares of Sina Corp. during the second quarter worth $197,000. World Asset Management Inc acquired a new position in shares of Sina Corp. during the second quarter worth $223,000. Pacad Investment Ltd. acquired a new position in shares of Sina Corp. during the second quarter worth $228,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Sina Corp. during the third quarter worth $229,000. Institutional investors own 58.88% of the company’s stock.

Shares of Sina Corp. (NASDAQ:SINA) opened at 74.73 on Friday. Sina Corp. has a 12-month low of $39.58 and a 12-month high of $85.24. The stock has a market cap of $5.23 billion, a P/E ratio of 60.51 and a beta of 1.39. The company’s 50-day moving average is $76.10 and its 200-day moving average is $58.21.

Sina Corp. (NASDAQ:SINA) last released its quarterly earnings results on Monday, August 8th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. The business had revenue of $244 million for the quarter, compared to analysts’ expectations of $231.09 million. Sina Corp. had a net margin of 8.97% and a return on equity of 0.32%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. On average, equities research analysts anticipate that Sina Corp. will post $1.09 earnings per share for the current year.

Sina Corp. Company Profile

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.

5 Day Chart for NASDAQ:SINA

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