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Investment analysts at Jefferies Group lowered their price target on shares of Sina (NASDAQ:SINA) from $85.00 to $82.00 in a note issued to investors on Wednesday, American Banking News reports. Jefferies Group’s price target suggests a potential upside of 18.88% from the company’s current price.

Shares of Sina (NASDAQ:SINA) traded up 2.23% during mid-day trading on Wednesday, hitting $70.52. 3,855,427 shares of the company’s stock traded hands. Sina has a 52-week low of $45.54 and a 52-week high of $92.83. The stock’s 50-day moving average is $73.11 and its 200-day moving average is $79.52. The company has a market cap of $4.719 billion and a P/E ratio of 1532.89. Sina also was the recipient of some unusual options trading activity on Monday. Traders acquired 9,184 put options on the company. This is an increase of 135% compared to the average daily volume of 3,910 put options.

Sina (NASDAQ:SINA) last released its earnings data on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $197.00 million for the quarter, compared to the consensus estimate of $191.84 million. Analysts expect that Sina will post $1.77 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Sina to $87.00 in a research note on Tuesday. Separately, analysts at Brean Capital cut their price target on shares of Sina from $120.00 to $100.00 in a research note on Tuesday. Finally, analysts at BNP Paribas initiated coverage on shares of Sina in a research note on Tuesday, January 21st. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $90.27.

SINA Corporation (NASDAQ:SINA) is an online media company serving China and the global Chinese communities.

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