Sina Corp. (SINA) to Release Earnings on Wednesday
Sina Corp. (NASDAQ:SINA) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 16th. Analysts expect Sina Corp. to post earnings of $0.35 per share for the quarter.
Sina Corp. (NASDAQ:SINA) opened at 69.40 on Monday. Sina Corp. has a 52 week low of $39.58 and a 52 week high of $85.24. The firm’s 50-day moving average is $74.96 and its 200-day moving average is $62.66. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 56.19 and a beta of 1.40.
SINA has been the subject of a number of recent analyst reports. Brean Capital reiterated a “buy” rating on shares of Sina Corp. in a research report on Tuesday, July 19th. Jefferies Group upgraded shares of Sina Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Friday, July 22nd. Citigroup Inc. started coverage on shares of Sina Corp. in a report on Friday, August 5th. They issued a “buy” rating and a $69.00 price objective for the company. TheStreet upgraded shares of Sina Corp. to a “buy” rating in a report on Friday, August 19th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Sina Corp. in a report on Wednesday, August 31st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $60.14.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pacad Investment Ltd. bought a new stake in shares of Sina Corp. during the second quarter valued at $228,000. Comerica Bank bought a new stake in shares of Sina Corp. during the second quarter valued at $250,000. BlueMountain Capital Management LLC increased its stake in shares of Sina Corp. by 529.3% in the second quarter. BlueMountain Capital Management LLC now owns 12,617 shares of the company’s stock valued at $654,000 after buying an additional 10,612 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Sina Corp. by 38.5% in the second quarter. Vanguard Group Inc. now owns 23,721 shares of the company’s stock valued at $1,230,000 after buying an additional 6,600 shares in the last quarter. Finally, Toronto Dominion Bank bought a new stake in shares of Sina Corp. during the second quarter valued at $1,457,000. Institutional investors own 59.13% of the company’s stock.
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.
Receive News & Stock Ratings for Sina Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sina Corp. and related stocks with our FREE daily email newsletter.