SINA (NASDAQ:SINA) posted its earnings results on Tuesday. The technology company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.29, RTT News reports. SINA had a return on equity of 3.36% and a net margin of 9.41%. The firm had revenue of $503.70 million for the quarter, compared to analyst estimates of $482.59 million. During the same period in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 62.1% on a year-over-year basis.

SINA (NASDAQ SINA) traded up $6.51 during trading hours on Wednesday, hitting $112.25. The company had a trading volume of 1,991,700 shares, compared to its average volume of 971,899. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $8,440.00, a P/E ratio of 67.03 and a beta of 1.06. SINA has a twelve month low of $68.13 and a twelve month high of $122.93.

Several large investors have recently added to or reduced their stakes in the stock. Alkeon Capital Management LLC increased its position in shares of SINA by 29.3% in the third quarter. Alkeon Capital Management LLC now owns 2,706,876 shares of the technology company’s stock valued at $310,343,000 after acquiring an additional 614,000 shares during the last quarter. BlackRock Inc. increased its position in shares of SINA by 9.3% in the fourth quarter. BlackRock Inc. now owns 2,673,227 shares of the technology company’s stock valued at $268,152,000 after acquiring an additional 226,476 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of SINA by 0.4% in the third quarter. Wells Fargo & Company MN now owns 2,334,225 shares of the technology company’s stock valued at $267,620,000 after acquiring an additional 8,384 shares during the last quarter. Greenwoods Asset Management Ltd increased its position in shares of SINA by 2.6% in the third quarter. Greenwoods Asset Management Ltd now owns 1,411,158 shares of the technology company’s stock valued at $161,789,000 after acquiring an additional 36,000 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its position in shares of SINA by 79.4% in the third quarter. State of Wisconsin Investment Board now owns 747,500 shares of the technology company’s stock valued at $85,701,000 after acquiring an additional 330,800 shares during the last quarter. 68.61% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on SINA. BidaskClub downgraded SINA from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Zacks Investment Research downgraded SINA from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Jefferies Group reissued a “buy” rating and issued a $175.00 price target on shares of SINA in a research note on Wednesday, January 24th. Finally, Benchmark lifted their price target on SINA from $142.00 to $157.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $132.33.

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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.

Earnings History for SINA (NASDAQ:SINA)

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