SINA Corp (NASDAQ:SINA)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Wednesday. They presently have a $122.00 target price on the technology company’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 20.19% from the company’s current price.

Other research analysts have also issued reports about the company. Benchmark Co. assumed coverage on SINA Corp in a report on Tuesday, April 18th. They issued a “buy” rating and a $110.00 price objective on the stock. Zacks Investment Research lowered SINA Corp from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. Finally, T.H. Capital upped their price objective on SINA Corp from $62.00 to $94.00 and gave the company a “buy” rating in a report on Friday, May 12th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $90.71.

Analyst Recommendations for SINA Corp (NASDAQ:SINA)

Shares of SINA Corp (NASDAQ:SINA) opened at 101.51 on Wednesday. The firm has a market cap of $7.20 billion, a P/E ratio of 31.00 and a beta of 1.15. The firm’s 50-day moving average is $76.78 and its 200-day moving average is $71.82. SINA Corp has a 1-year low of $45.13 and a 1-year high of $102.39.

SINA Corp (NASDAQ:SINA) last issued its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.78. SINA Corp had a return on equity of 5.05% and a net margin of 22.57%. The firm had revenue of $278.10 million for the quarter, compared to analyst estimates of $267.14 million. During the same period in the prior year, the firm posted ($0.04) EPS. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. On average, analysts anticipate that SINA Corp will post $2.61 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the company. Bank of Nova Scotia raised its stake in SINA Corp by 30.1% in the first quarter. Bank of Nova Scotia now owns 400,000 shares of the technology company’s stock valued at $28,847,000 after buying an additional 92,600 shares during the period. FNY Partners Fund LP bought a new stake in SINA Corp during the first quarter valued at about $230,000. Platinum Investment Management Ltd. raised its stake in SINA Corp by 27.8% in the first quarter. Platinum Investment Management Ltd. now owns 2,912,881 shares of the technology company’s stock valued at $210,076,000 after buying an additional 632,879 shares during the period. Driehaus Capital Management LLC bought a new stake in SINA Corp during the first quarter valued at about $12,601,000. Finally, Whitebox Advisors LLC raised its stake in SINA Corp by 137.4% in the first quarter. Whitebox Advisors LLC now owns 319,796 shares of the technology company’s stock valued at $23,064,000 after buying an additional 185,090 shares during the period. 61.40% of the stock is currently owned by institutional investors.

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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