Sina Corp. (NASDAQ:SINA) issued its quarterly earnings results on Monday. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.21. Sina Corp. had a return on equity of 0.32% and a net margin of 8.97%. The company had revenue of $272.30 million for the quarter, compared to analyst estimates of $265.30 million. During the same quarter last year, the company posted $0.39 EPS. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year.

Shares of Sina Corp. (NASDAQ:SINA) traded down 1.33% on Monday, hitting $67.29. The stock had a trading volume of 2,194,660 shares. Sina Corp. has a 1-year low of $39.58 and a 1-year high of $85.24. The firm has a 50 day moving average of $73.83 and a 200-day moving average of $63.23. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 54.49 and a beta of 1.40.

Earnings History for Sina Corp. (NASDAQ:SINA)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its position in Sina Corp. by 22.5% in the third quarter. BlackRock Fund Advisors now owns 229,615 shares of the company’s stock worth $16,952,000 after buying an additional 42,160 shares in the last quarter. Northern Trust Corp boosted its position in Sina Corp. by 1.5% in the third quarter. Northern Trust Corp now owns 103,607 shares of the company’s stock worth $7,649,000 after buying an additional 1,515 shares in the last quarter. Marshall Wace LLP boosted its position in Sina Corp. by 891.6% in the second quarter. Marshall Wace LLP now owns 99,798 shares of the company’s stock worth $5,177,000 after buying an additional 89,734 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Sina Corp. by 1.9% in the second quarter. Parametric Portfolio Associates LLC now owns 93,360 shares of the company’s stock worth $4,843,000 after buying an additional 1,779 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Sina Corp. by 103.2% in the second quarter. BlackRock Group LTD now owns 76,785 shares of the company’s stock worth $3,983,000 after buying an additional 39,004 shares in the last quarter. 57.50% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on SINA. Jefferies Group reiterated a “buy” rating and issued a $95.00 price target on shares of Sina Corp. in a research note on Friday, September 30th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Sina Corp. in a research report on Wednesday, August 31st. Brean Capital restated a “buy” rating on shares of Sina Corp. in a research report on Tuesday, August 16th. TheStreet upgraded Sina Corp. to a “buy” rating in a research report on Friday, August 19th. Finally, Citigroup Inc. assumed coverage on Sina Corp. in a research report on Friday, August 5th. They set a “buy” rating and a $69.00 price objective on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $60.66.

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.

5 Day Chart for NASDAQ:SINA

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