BidaskClub downgraded shares of Sina Corporation (NASDAQ:SINA) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday morning.

SINA has been the topic of a number of other reports. T.H. Capital raised their target price on Sina Corporation from $62.00 to $94.00 and gave the stock a buy rating in a report on Friday, May 12th. Jefferies Group LLC reaffirmed a buy rating and issued a $122.00 target price on shares of Sina Corporation in a report on Friday, July 14th. Stifel Nicolaus reaffirmed a hold rating on shares of Sina Corporation in a report on Friday, June 23rd. Finally, Benchmark Co. initiated coverage on Sina Corporation in a report on Tuesday, April 18th. They issued a buy rating and a $110.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $90.71.

Shares of Sina Corporation (SINA) traded up 2.43% during mid-day trading on Tuesday, hitting $94.60. The company’s stock had a trading volume of 679,665 shares. The stock’s 50 day moving average price is $89.22 and its 200 day moving average price is $79.83. Sina Corporation has a 52-week low of $53.86 and a 52-week high of $105.99. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 28.89 and a beta of 1.21.

Sina Corporation (NASDAQ:SINA) last announced its earnings results on Tuesday, May 16th. The technology company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.78. Sina Corporation had a return on equity of 6.19% and a net margin of 22.36%. The company had revenue of $278.10 million for the quarter, compared to analysts’ expectations of $267.14 million. During the same period last year, the firm earned ($0.04) EPS. Sina Corporation’s revenue for the quarter was up 40.0% compared to the same quarter last year. Equities analysts forecast that Sina Corporation will post $2.70 EPS for the current year.

TRADEMARK VIOLATION WARNING: “BidaskClub Downgrades Sina Corporation (NASDAQ:SINA) to Buy” was reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/bidaskclub-downgrades-sina-corporation-nasdaqsina-to-buy/1461733.html.

A number of large investors have recently bought and sold shares of the stock. APG Asset Management N.V. boosted its stake in Sina Corporation by 43.0% in the first quarter. APG Asset Management N.V. now owns 27,600 shares of the technology company’s stock worth $1,991,000 after buying an additional 8,300 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Sina Corporation by 0.4% in the first quarter. Wells Fargo & Company MN now owns 2,331,525 shares of the technology company’s stock worth $168,149,000 after buying an additional 8,891 shares in the last quarter. Conning Inc. acquired a new stake in Sina Corporation during the first quarter worth approximately $6,178,000. Shell Asset Management Co. boosted its stake in Sina Corporation by 16.3% in the first quarter. Shell Asset Management Co. now owns 32,051 shares of the technology company’s stock worth $2,312,000 after buying an additional 4,490 shares in the last quarter. Finally, Korea Investment CORP boosted its stake in Sina Corporation by 26.6% in the first quarter. Korea Investment CORP now owns 61,400 shares of the technology company’s stock worth $4,428,000 after buying an additional 12,900 shares in the last quarter. 66.53% of the stock is currently owned by institutional investors and hedge funds.

Sina Corporation 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.

Analyst Recommendations for Sina Corporation (NASDAQ:SINA)

Receive News & Ratings for Sina Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sina Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.