Shares of SINA Corp (NASDAQ:SINA) fell 3% during trading on Monday . The stock traded as low as $48.80 and last traded at $47.61. 30,797 shares traded hands during trading, a decline of 96% from the average session volume of 834,684 shares. The stock had previously closed at $49.10.

Several brokerages have commented on SINA. 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. BidaskClub raised shares of SINA from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Zacks Investment Research cut shares of SINA from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, Deutsche Bank cut shares of SINA from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $94.50.

The company has a market cap of $3.38 billion, a P/E ratio of 27.85 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.91 and a quick ratio of 2.91.

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 Zacks’ consensus estimate of $0.70 by ($0.48). The company had revenue of $573.01 million during the quarter, compared to analyst estimates of $575.29 million. SINA had a net margin of 5.96% and a return on equity of 3.39%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. Equities research analysts predict that SINA Corp will post 3.23 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in SINA by 2.6% during the first quarter. BlackRock Inc. now owns 4,733,305 shares of the technology company’s stock worth $280,402,000 after acquiring an additional 118,172 shares in the last quarter. Vanguard Group Inc. boosted 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 valued at $150,509,000 after acquiring an additional 22,730 shares during the last quarter. Fosun International Ltd boosted 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 valued at $116,560,000 after acquiring an additional 35,802 shares during the last quarter. Green Court Capital Management Ltd boosted 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 valued at $95,985,000 after acquiring an additional 266,059 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of SINA by 50.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,030,888 shares of the technology company’s stock valued at $61,070,000 after acquiring an additional 345,678 shares during the last quarter. 62.97% of the stock is owned by institutional investors and hedge funds.

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About SINA (NASDAQ: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.

Further Reading: Portfolio Manager

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