BidaskClub lowered shares of SINA (NASDAQ:SINA) from a sell rating to a strong sell rating in a research note published on Friday, BidAskClub reports.

Several other research analysts have also commented on SINA. Zacks Investment Research upgraded SINA from a sell rating to a hold rating and set a $67.00 price target on the stock in a report on Friday, February 1st. Credit Suisse Group initiated coverage on SINA in a report on Monday, February 4th. They set a neutral rating and a $58.50 price target on the stock. Benchmark lifted their price target on SINA from $96.00 to $108.00 and gave the stock a buy rating in a report on Wednesday, March 6th. Finally, Deutsche Bank lowered SINA from a buy rating to a hold rating in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. SINA presently has a consensus rating of Hold and an average target price of $94.50.

Shares of NASDAQ SINA traded down $4.38 during trading on Friday, hitting $49.10. 1,694,418 shares of the company were exchanged, compared to its average volume of 834,684. SINA has a 12-month low of $48.80 and a 12-month high of $96.71. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.82 billion, a PE ratio of 28.88 and a beta of 1.08.

SINA (NASDAQ:SINA) last posted its quarterly earnings results on Tuesday, March 5th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.48). SINA had a return on equity of 3.39% and a net margin of 5.96%. The company had revenue of $573.01 million for the quarter, compared to analysts’ expectations of $575.29 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The firm’s revenue was up 13.8% on a year-over-year basis. Research analysts expect that SINA will post 3.23 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of SINA by 2.6% during the 1st quarter. BlackRock Inc. now owns 4,733,305 shares of the technology company’s stock worth $280,402,000 after purchasing an additional 118,172 shares during the last quarter. Genesis Asset Managers LLP acquired a new stake in shares of SINA during the 4th quarter worth about $188,299,000. Vanguard Group Inc. increased its position in shares of SINA by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,166,221 shares of the technology company’s stock worth $150,509,000 after purchasing an additional 22,730 shares during the last quarter. Fosun International Ltd increased its position in shares of SINA by 1.9% during the 1st quarter. Fosun International Ltd now owns 1,967,578 shares of the technology company’s stock worth $116,560,000 after purchasing an additional 35,802 shares during the last quarter. Finally, Green Court Capital Management Ltd increased its position in shares of SINA by 17.5% during the 4th quarter. Green Court Capital Management Ltd now owns 1,789,430 shares of the technology company’s stock worth $95,985,000 after purchasing an additional 266,059 shares during the last quarter. Institutional investors and hedge funds own 62.97% of the company’s stock.

About SINA

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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