Stock of the Day: SINA Corp Has Another Very Strong Trading Session

Stock of the Day: SINA Corp Has Another Very Strong Trading Session

The stock of SINA Corp (NASDAQ:SINA) is a huge mover today! About 576,261 shares traded hands. SINA Corp (NASDAQ:SINA) has risen 72.82% since February 29, 2016 and is uptrending. It has outperformed by 60.61% the S&P500.
The move comes after 5 months positive chart setup for the $5.16B company. It was reported on Oct, 3 by Barchart.com. We have $106.43 PT which if reached, will make NASDAQ:SINA worth $2.17 billion more.

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 $13.08 million for 98.62 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. The rating was downgraded by Goldman Sachs on Monday, November 30 to “Neutral”. Brean Capital maintained SINA Corp (NASDAQ:SINA) rating on Thursday, November 19. Brean Capital has “Buy” rating and $55 price target. The rating was initiated by Citigroup on Friday, August 5 with “Buy”. The rating was reinitiated by JP Morgan with “Overweight” on Wednesday, August 31. TH Capital upgraded the stock to “Buy” rating in Monday, August 17 report. Citigroup downgraded SINA Corp (NASDAQ:SINA) on Thursday, October 29 to “Neutral” rating. The stock of SINA Corp (NASDAQ:SINA) has “Buy” rating given on Friday, July 22 by Jefferies. Brean Capital maintained SINA Corp (NASDAQ:SINA) rating on Wednesday, September 14. Brean Capital has “Buy” rating and $100 price target.

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 increased, 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.
Aqr Cap Management Ltd Llc has invested 0% of its portfolio in SINA Corp (NASDAQ:SINA). The Pennsylvania-based Vanguard Inc has invested 0% in SINA Corp (NASDAQ:SINA). World Asset Mgmt owns 4,306 shares or 0.01% of their US portfolio. Henderson Gp Plc reported 244,560 shares or 0.11% of all its holdings. Timber Hill Ltd Liability holds 0% or 17,507 shares in its portfolio. Invesco Ltd owns 184,243 shares or 0% of their US portfolio. The New York-based Sg Americas Securities Limited Liability has invested 0.02% in SINA Corp (NASDAQ:SINA). Natixis has invested 0.01% of its portfolio in SINA Corp (NASDAQ:SINA). Value Prtn Ltd Adv has 0.47% invested in the company for 14,200 shares. Peak6 Investments Ltd Partnership holds 0.03% or 75,147 shares in its portfolio. Fmr Limited Liability Corporation has 0% invested in the company for 151,698 shares. Spot Trading Limited Liability Corp holds 27,340 shares or 0.02% of its portfolio. Deutsche Bancorp Ag accumulated 269,806 shares or 0.01% of the stock. First Manhattan reported 407,596 shares or 0.13% of all its holdings. Hsbc Holdings Pcl holds 0.2% of its portfolio in SINA Corp (NASDAQ:SINA) for 1.42 million 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 Corporation Stock Soared Today” on March 11, 2016. More interesting news about SINA Corp (NASDAQ:SINA) were released by: Profitconfidential.com and their article: “SINA Corp: This Is the No. 1 Internet Stock of 2017” published on September 02, 2016 as well as Fool.com‘s news article titled: “Why SINA Corp. Stock Skyrocketed Today” with publication date: June 01, 2015.

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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