The stock of
SINA Corp (NASDAQ:SINA) is a huge mover today! About 754,556 shares traded hands. SINA Corp (NASDAQ:SINA) has risen 58.57% since March 21, 2016 and is uptrending. It has outperformed by 54.21% the S&P500.
The move comes after 8 months positive chart setup for the $5.55B company. It was reported on Oct, 24 by Barchart.com. We have $94.76 PT which if reached, will make NASDAQ:SINA worth $1.17 billion more.
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 $13.47 million for 103.04 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 initiated by Citigroup with “Buy” on Friday, August 5. The stock of SINA Corp (NASDAQ:SINA) earned “Buy” rating by Brean Capital on Wednesday, September 14. TH Capital upgraded SINA Corp (NASDAQ:SINA) rating on Monday, August 17. TH Capital has “Buy” rating and $62 price target. Jefferies upgraded SINA Corp (NASDAQ:SINA) on Friday, July 22 to “Buy” rating. Brean Capital maintained the stock with “Buy” rating in Thursday, November 19 report. The rating was reinitiated by JP Morgan with “Overweight” on Wednesday, August 31. Citigroup downgraded the shares of SINA in a report on Thursday, October 29 to “Neutral” rating. On Monday, November 30 the stock rating was downgraded by Goldman Sachs to “Neutral”.
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.
Glenmede Trust Na accumulated 0% or 28 shares. Fil Ltd reported 511,903 shares or 0.08% of all its holdings. Tradewinds Capital Mgmt Llc, a Washington-based fund reported 560 shares. Jpmorgan Chase has 5,627 shares for 0% of their US portfolio. Commonwealth Equity Services, a Massachusetts-based fund reported 8,994 shares. Solaris Asset Ltd Company accumulated 1,225 shares or 0.05% of the stock. Value Prtnrs Adv accumulated 0.47% or 14,200 shares. Next Fincl Grp Inc Inc has 9 shares for 0% of their US portfolio. Comerica Financial Bank holds 3,724 shares or 0% of its portfolio. Gru One Trading Lp last reported 0.01% of its portfolio in the stock. Aqr Capital Management Limited Liability Co accumulated 13,049 shares or 0% of the stock. Vanguard Gp Inc accumulated 23,721 shares or 0% of the stock. Qcm Cayman Limited holds 0.26% of its portfolio in SINA Corp (NASDAQ:SINA) for 11,456 shares. Royal Financial Bank Of Canada holds 0% of its portfolio in SINA Corp (NASDAQ:SINA) for 225 shares. Css Ltd Liability Company Il holds 0.62% or 178,493 shares in its portfolio.
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, Profitconfidential.com published: “SINA Corp: This Is the No. 1 Internet Stock of 2017” on September 02, 2016. More interesting news about SINA Corp (NASDAQ:SINA) were released by: Fool.com and their article: “Why SINA Corp. Stock Skyrocketed Today” published on June 01, 2015 as well as Streetinsider.com‘s news article titled: “Sina Corp (SINA) Board Approves Weibo Share Distribution” with publication date: August 31, 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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