Sina Target of Unusually High Options Trading (SINA)
Sina (NASDAQ:SINA) was the target of unusually large options trading activity on Friday. Traders bought 32,074 call options on the stock, Analyst Ratings Network.com reports. This represents an increase of approximately 146% compared to the typical volume of 13,060 call options.
A number of analysts have recently weighed in on SINA shares. Analysts at Credit Suisse initiated coverage on shares of Sina (NASDAQ:SINA) in a research note to investors on Thursday, September 26th. They set a “neutral” rating and a $81.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sina (NASDAQ:SINA) in a research note to investors on Tuesday, September 24th. They now have a $84.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Sina (NASDAQ:SINA) in a research note to investors on Friday, August 30th. They set an “overweight” rating on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Sina presently has an average rating of “Buy” and an average target price of $87.45.
Shares of Sina (NASDAQ:SINA) traded up 4.71% on Friday, hitting $90.48. 4,164,980 shares of the company’s stock traded hands. Sina has a 1-year low of $41.14 and a 1-year high of $89.10. The stock has a 50-day moving average of $81.47 and a 200-day moving average of $63.52. The company’s market cap is $6.045 billion.
Sina (NASDAQ:SINA) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.09. The company had revenue of $157.50 million for the quarter, compared to the consensus estimate of $145.18 million. During the same quarter last year, the company posted $0.05 earnings per share. Sina’s revenue was up 19.7% compared to the same quarter last year. On average, analysts predict that Sina will post $0.95 earnings per share for the current fiscal year.
SINA Corporation (NASDAQ:SINA) is an online media company serving China and the global Chinese communities.
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