SINA (NASDAQ:SINA) had its price objective increased by analysts at Benchmark from $157.00 to $174.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the technology company’s stock. Benchmark’s price objective would suggest a potential upside of 48.02% from the stock’s previous close.
SINA has been the topic of several other research reports. BidaskClub cut SINA from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. Zacks Investment Research raised SINA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $175.00 target price on shares of SINA in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $132.33.
SINA (SINA) traded up $5.30 during trading hours on Wednesday, reaching $117.55. The company’s stock had a trading volume of 1,638,453 shares, compared to its average volume of 991,528. 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 has a 52 week low of $68.13 and a 52 week high of $122.93. The stock has a market cap of $8,440.00, a PE ratio of 63.78 and a beta of 1.06.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake 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 valued at $631,000 after buying an additional 500 shares in the last quarter. Advisor Group Inc. grew its stake in shares of SINA by 24.8% in the 4th quarter. Advisor Group Inc. now owns 3,987 shares of the technology company’s stock valued at $399,000 after buying an additional 792 shares in the last quarter. AMP Capital Investors Ltd grew its stake 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 valued at $1,066,000 after buying an additional 800 shares in the last quarter. Creative Planning grew its stake in shares of SINA by 39.6% in the 4th quarter. Creative Planning now owns 3,506 shares of the technology company’s stock valued at $352,000 after buying an additional 995 shares in the last quarter. Finally, Ellington Management Group LLC lifted its holdings in SINA by 27.8% in the 4th quarter. Ellington Management Group LLC now owns 4,600 shares of the technology company’s stock worth $461,000 after purchasing an additional 1,000 shares during the last quarter. 68.61% of the stock is owned by institutional investors and hedge funds.
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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.
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