BidaskClub lowered shares of SINA (NASDAQ:SINA) from a sell rating to a strong sell rating in a report released on Saturday morning.

Several other research analysts have also recently issued reports on the company. Credit Suisse Group started coverage on SINA in a research report on Monday, February 4th. They set a neutral rating and a $58.50 target price on the stock. Jefferies Financial Group reaffirmed a buy rating and set a $89.00 target price on shares of SINA in a research report on Tuesday, November 20th. Benchmark lifted their target price on SINA from $96.00 to $108.00 and gave the company a buy rating in a research report on Wednesday, March 6th. Deutsche Bank cut SINA from a buy rating to a hold rating in a research report on Wednesday, March 6th. Finally, Zacks Investment Research raised SINA from a sell rating to a hold rating in a research report on Wednesday, December 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. SINA presently has a consensus rating of Hold and a consensus price target of $100.08.

Shares of SINA stock opened at $58.09 on Friday. The company has a quick ratio of 2.99, a current ratio of 2.91 and a debt-to-equity ratio of 0.23. SINA has a 52 week low of $51.76 and a 52 week high of $119.68. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 34.17 and a beta of 1.11.

SINA (NASDAQ:SINA) last announced its quarterly earnings data on Tuesday, March 5th. The technology company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. SINA had a return on equity of 3.39% and a net margin of 5.96%. The firm had revenue of $573.01 million during the quarter, compared to analysts’ expectations of $575.29 million. During the same quarter last year, the firm posted $0.79 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, research analysts predict that SINA will post 3.23 EPS for the current year.

Several large investors have recently made changes to their positions in SINA. AlphaOne Investment Services LLC purchased a new position in shares of SINA during the fourth quarter valued at approximately $37,000. Quadrant Capital Group LLC lifted its holdings in SINA by 558.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,252 shares of the technology company’s stock worth $65,000 after acquiring an additional 1,062 shares during the period. SeaTown Holdings Pte. Ltd. bought a new stake in SINA during the fourth quarter worth $273,000. Blueshift Asset Management LLC bought a new stake in SINA during the fourth quarter worth $300,000. Finally, Gideon Capital Advisors Inc. bought a new stake in SINA during the fourth quarter worth $313,000. 64.80% of the stock is currently owned by institutional investors.

SINA Company Profile

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; business news coverage and personal finance columns; sporting events news; automobile-related news; entertainment news and events; technology updates; interactive video products, such as news, sports, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels.

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Analyst Recommendations for SINA (NASDAQ:SINA)

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