Jefferies Group set a $95.00 price objective on Sina Corp. (NASDAQ:SINA) in a report published on Thursday morning. The firm currently has a buy rating on the stock.

A number of other brokerages have also issued reports on SINA. Brean Capital boosted their target price on Sina Corp. from $55.00 to $65.00 and gave the stock a buy rating in a research report on Tuesday, August 9th. TheStreet raised Sina Corp. to a buy rating in a research report on Friday, August 19th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Sina Corp. in a research report on Wednesday, August 31st. 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 target price on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Sina Corp. currently has a consensus rating of Buy and an average price target of $61.37.

Analyst Recommendations for Sina Corp. (NASDAQ:SINA)

Shares of Sina Corp. (NASDAQ:SINA) traded up 1.40% on Thursday, hitting $77.48. The stock had a trading volume of 981,293 shares. The company’s 50-day moving average price is $73.29 and its 200 day moving average price is $64.02. The firm has a market cap of $5.46 billion, a P/E ratio of 26.50 and a beta of 1.40. Sina Corp. has a 12-month low of $39.58 and a 12-month high of $85.24.

Sina Corp. (NASDAQ:SINA) last posted its quarterly earnings data on Monday, November 21st. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.21. Sina Corp. had a return on equity of 5.12% and a net margin of 22.57%. The company had revenue of $272.30 million for the quarter, compared to the consensus estimate of $265.30 million. During the same quarter in the previous year, the business earned $0.39 EPS. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. On average, equities research analysts forecast that Sina Corp. will post $1.21 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of SINA. Advisor Group Inc. increased its position in shares of Sina Corp. by 89.3% in the third quarter. Advisor Group Inc. now owns 2,016 shares of the company’s stock worth $149,000 after buying an additional 951 shares during the period. BNP Paribas Arbitrage SA increased 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 purchased a new position in shares of Sina Corp. during the second quarter worth approximately $197,000. LPL Financial LLC purchased a new position in shares of Sina Corp. during the third quarter worth approximately $205,000. Finally, World Asset Management Inc purchased a new position in shares of Sina Corp. during the second quarter worth approximately $223,000. Hedge funds and other institutional investors own 57.50% 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.

5 Day Chart for NASDAQ:SINA

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