The stock of SINA Corp (NASDAQ:SINA) is a huge mover today! The stock decreased 2.83% or $2.15 during the last trading session, hitting $73.83. About 1.90M shares traded hands or 22.58% up from the average. SINA Corp (NASDAQ:SINA) has risen 72.82% since February 29, 2016 and is uptrending. It has outperformed by 62.40% the S&P500.
The move comes after 6 months negative chart setup for the $5.14 billion company. It was reported on Oct, 1 by Barchart.com. We have $68.66 PT which if reached, will make NASDAQ:SINA worth $359.80 million less.
Analysts await SINA Corp (NASDAQ:SINA) to report earnings on November, 16. They expect $0.19 EPS, up 26.67% or $0.04 from last year’s $0.15 per share. SINA’s profit will be $13.23 million for 97.14 P/E if the $0.19 EPS becomes a reality. After $0.06 actual EPS reported by SINA Corp for the previous quarter, Wall Street now forecasts 216.67% EPS growth.
SINA Corp (NASDAQ:SINA) Ratings Coverage
Out of 8 analysts covering Sina Corporation (NASDAQ:SINA), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Sina Corporation has been the topic of 11 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Citigroup initiated the shares of SINA in a report on Friday, August 5 with “Buy” rating. The firm earned “Buy” rating on Friday, July 22 by Jefferies. The stock of SINA Corp (NASDAQ:SINA) has “Neutral” rating given on Thursday, October 29 by Citigroup. The stock of SINA Corp (NASDAQ:SINA) earned “Buy” rating by Brean Capital on Wednesday, September 14. JP Morgan reinitiated SINA Corp (NASDAQ:SINA) on Wednesday, August 31 with “Overweight” rating. The stock of SINA Corp (NASDAQ:SINA) has “Buy” rating given on Thursday, November 19 by Brean Capital. The firm has “Buy” rating given on Monday, August 17 by TH Capital. Goldman Sachs downgraded SINA Corp (NASDAQ:SINA) on Monday, November 30 to “Neutral” rating.
According to Zacks Investment Research, “SINA Corporation is a leading online media company and value-added information service provider for China and for global Chinese communities. With a branded network of localized web sites targeting Greater China and overseas Chinese, SINA operates three major business lines including SINA.com, SINA Online and SINA.net, providing an array of services including online portals, premium email, wireless short messaging, virtual ISP, search, classified information, online games, e-commerce, e-learning and enterprise e-solutions.”
Insitutional Activity: The institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.12, from 1.08 in 2016Q1. The ratio is positive, as 15 funds sold all SINA Corp shares owned while 40 reduced positions. 34 funds bought stakes while 32 increased positions. They now own 35.07 million shares or 9.62% more from 31.99 million shares in 2016Q1.
Neuberger Berman Lc holds 7,488 shares or 0% of its portfolio. Lenox Wealth Mgmt Inc accumulated 70 shares or 0% of the stock. The United Kingdom-based Gsa Capital Prtnrs Ltd Liability Partnership has invested 0.04% in SINA Corp (NASDAQ:SINA). The Connecticut-based Trexquant L P has invested 0.08% in SINA Corp (NASDAQ:SINA). Royal National Bank Of Canada holds 0% or 225 shares in its portfolio. Css Lc Il accumulated 178,493 shares or 0.62% of the stock. Nomura Hldg has invested 0% of its portfolio in SINA Corp (NASDAQ:SINA). Tb Alternative Assets Limited holds 4.4% of its portfolio in SINA Corp (NASDAQ:SINA) for 106,600 shares. Citadel Advisors Llc, a Illinois-based fund reported 13,491 shares. Tradewinds Cap Management Llc has invested 0.02% of its portfolio in SINA Corp (NASDAQ:SINA). Deutsche Retail Bank Ag last reported 0.01% of its portfolio in the stock. Canada Pension Plan Board has 0% invested in the company for 77 shares. Next reported 9 shares or 0% of all its holdings. Manufacturers Life Insur The has invested 0.03% of its portfolio in SINA Corp (NASDAQ:SINA). Moreover, Credit Agricole S A has 0.01% invested in SINA Corp (NASDAQ:SINA) for 36,375 shares.
More notable recent SINA Corp (NASDAQ:SINA) news were published by: Fool.com which released: “Why SINA Corp. Stock Soared Today” on August 09, 2016, also Wsj.com with their article: “China Threatens Sina Corp. Over Insufficient Censorship” published on April 11, 2015, Fool.com published: “Why SINA Corp. Stock Skyrocketed Today” on June 01, 2015. More interesting news about SINA Corp (NASDAQ:SINA) were released by: Fool.com and their article: “Why SINA Corporation Stock Soared Today” published on March 11, 2016 as well as Profitconfidential.com‘s news article titled: “SINA Corp: This Is the No. 1 Internet Stock of 2017” with publication date: September 02, 2016.
SINA Company Profile
Sina Corporation, incorporated on July 9, 1997, is an online media firm 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. The Company’s divisions include Portal advertising, Weibo Corporation (Weibo) and Others.
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