SINA (SINA) Rating Reiterated by Jefferies Group

SINA (NASDAQ:SINA)‘s stock had its “buy” rating reissued by analysts at Jefferies Group in a report issued on Wednesday. They presently have a $175.00 price target on the technology company’s stock. Jefferies Group’s price target would suggest a potential upside of 43.22% from the stock’s current price. Jefferies Group also issued estimates for SINA’s Q4 2017 earnings at $0.62 EPS, FY2017 earnings at $2.13 EPS, FY2018 earnings at $3.32 EPS and FY2019 earnings at $4.99 EPS.

A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of SINA from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Benchmark boosted their target price on shares of SINA from $142.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, BidaskClub upgraded shares of SINA from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $129.50.

SINA (NASDAQ SINA) traded up $3.72 during trading hours on Wednesday, reaching $122.19. 798,625 shares of the company traded hands, compared to its average volume of 765,752. The company has a market capitalization of $8,740.00, a PE ratio of 69.43 and a beta of 0.99. SINA has a twelve month low of $67.21 and a twelve month high of $122.93. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.04.

SINA (NASDAQ:SINA) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.26. The business had revenue of $440.50 million for the quarter, compared to analysts’ expectations of $404.71 million. SINA had a net margin of 9.41% and a return on equity of 3.36%. The firm’s revenue for the quarter was up 60.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 earnings per share. analysts predict that SINA will post 2.13 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Navellier & Associates Inc raised its position in shares of SINA by 2.2% in the 2nd quarter. Navellier & Associates Inc now owns 13,554 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 295 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of SINA by 10.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,500 shares of the technology company’s stock worth $631,000 after purchasing an additional 500 shares during the last quarter. AMP Capital Investors Ltd raised its position in shares of SINA by 9.4% in the 3rd quarter. AMP Capital Investors Ltd now owns 9,300 shares of the technology company’s stock worth $1,066,000 after purchasing an additional 800 shares during the last quarter. Creative Planning raised its position in shares of SINA by 39.6% in the 4th quarter. Creative Planning now owns 3,506 shares of the technology company’s stock worth $352,000 after purchasing an additional 995 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of SINA by 27.2% in the 2nd quarter. GSA Capital Partners LLP now owns 5,414 shares of the technology company’s stock worth $460,000 after purchasing an additional 1,157 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

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About SINA

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 (NASDAQ:SINA)

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