SINA (NASDAQ:SINA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “SINA’s effort to add consumer-centric features to the growing Weibo platform is noteworthy for investors. The company’s partnerships with professional agencies in verticals like e-commerce, video IP and live broadcasting will help it to expand mobile market share. Growing popularity of Weibo and a robust mobile user base in China is a tailwind. Meanwhile, estimates have been stable lately ahead of the company's Q4 earnings release. The company has mixed record of earnings surprise in the recent quarters. However, shares have underperformed the industry in the past year. Intensifying competition within the online advertising business in China is a headwind. Stricter regulation in the micro-lending sector is an overhang. Additionally, Sina’s social media platform Weibo is facing strict regulation that is hurting growth prospects.”

A number of other brokerages have also recently commented on SINA. BidaskClub upgraded shares of SINA from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Jefferies Financial Group restated a “buy” rating and set a $89.00 target price on shares of SINA in a report on Tuesday, November 20th. Credit Suisse Group began coverage on shares of SINA in a report on Monday, February 4th. They set a “neutral” rating and a $58.50 target price on the stock. Benchmark lowered their price target on SINA from $119.00 to $96.00 and set a “buy” rating for the company in a research report on Monday, November 5th. Finally, ValuEngine raised SINA from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $98.08.

Shares of SINA stock traded up $1.33 during mid-day trading on Monday, reaching $60.11. 9,828 shares of the company’s stock traded hands, compared to its average volume of 672,704. SINA has a 12 month low of $51.76 and a 12 month high of $124.60. The stock has a market cap of $4.30 billion, a PE ratio of 28.75 and a beta of 1.08. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.24.

SINA (NASDAQ:SINA) last announced its earnings results on Wednesday, November 28th. The technology company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.16. SINA had a net margin of 7.58% and a return on equity of 4.22%. The firm had revenue of $557.20 million for the quarter, compared to analysts’ expectations of $561.76 million. During the same quarter in the previous year, the business posted $0.77 EPS. The company’s quarterly revenue was up 25.8% on a year-over-year basis. On average, sell-side analysts forecast that SINA will post 2.27 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. ETF Managers Group LLC raised its position in shares of SINA by 1.4% in the 4th quarter. ETF Managers Group LLC now owns 15,358 shares of the technology company’s stock worth $824,000 after purchasing an additional 218 shares during the last quarter. Allianz Asset Management GmbH raised its position in SINA by 6.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 15,178 shares of the technology company’s stock worth $1,055,000 after buying an additional 868 shares during the last quarter. AMP Capital Investors Ltd raised its position in SINA by 19.6% in the 3rd quarter. AMP Capital Investors Ltd now owns 5,378 shares of the technology company’s stock worth $375,000 after buying an additional 883 shares during the last quarter. Advisors Asset Management Inc. raised its position in SINA by 12.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 8,415 shares of the technology company’s stock worth $585,000 after buying an additional 911 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in SINA by 3.1% in the 3rd quarter. Teachers Advisors LLC now owns 31,701 shares of the technology company’s stock worth $2,203,000 after buying an additional 943 shares during the last quarter. 69.40% of the stock is owned by hedge funds and other institutional investors.

SINA Company Profile

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; business news coverage and personal finance columns; sporting events news; automobile-related news; entertainment news and events; technology updates; interactive video products, such as news, sports, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels.

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Analyst Recommendations for SINA (NASDAQ:SINA)

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