Brean Capital reissued their buy rating on shares of Sina Corp. (NASDAQ:SINA) in a research report sent to investors on Tuesday. They currently have a $70.67 target price on the stock, down from their previous target price of $100.00.

SINA has been the topic of several other reports. Jefferies Group reissued a buy rating and issued a $67.00 target price on shares of Sina Corp. in a report on Monday, August 29th. TheStreet raised Sina Corp. to a buy rating in a report on Friday, August 19th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Sina Corp. in a report on Wednesday, August 31st. Finally, Citigroup Inc. assumed coverage on Sina Corp. in a report on Friday, August 5th. They set a buy rating and a $69.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $61.37.

Analyst Recommendations for Sina Corp. (NASDAQ:SINA)

Shares of Sina Corp. (NASDAQ:SINA) opened at 73.101 on Tuesday. Sina Corp. has a 52 week low of $39.58 and a 52 week high of $85.24. The company has a market cap of $5.15 billion, a P/E ratio of 25.000 and a beta of 1.40. The firm’s 50-day moving average price is $73.42 and its 200 day moving average price is $63.73.

Sina Corp. (NASDAQ:SINA) last posted its quarterly earnings data on Monday, November 21st. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.21. The business had revenue of $272.30 million for the quarter, compared to analyst estimates of $265.30 million. Sina Corp. had a return on equity of 5.12% and a net margin of 22.57%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. On average, equities analysts predict that Sina Corp. will post $1.10 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in Sina Corp. during the first quarter worth about $7,013,000. Envestnet Asset Management Inc. boosted its position in 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. First Manhattan Co. purchased a new position in Sina Corp. during the second quarter worth about $21,142,000. Ariose Capital Management Ltd purchased a new position in Sina Corp. during the second quarter worth about $17,320,000. Finally, ClariVest Asset Management LLC purchased a new position in Sina Corp. during the second quarter worth about $197,000. Hedge funds and other institutional investors own 57.50% of the company’s stock.

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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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