Price Action Don’t Lie: SINA Corp’s Stock Is Buy After Today’s Big Increase

Price Action Don't Lie: SINA Corp's Stock Is Buy After Today's Big Increase

The stock of SINA Corp (NASDAQ:SINA) is a huge mover today! About 600,732 shares traded hands. SINA Corp (NASDAQ:SINA) has risen 27.87% since April 13, 2016 and is uptrending. It has outperformed by 23.94% the S&P500.
The move comes after 5 months positive chart setup for the $4.58B company. It was reported on Nov, 15 by Barchart.com. We have $104.24 PT which if reached, will make NASDAQ:SINA worth $2.34B 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 $12.61M for 90.83 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 firm has “Neutral” rating by Citigroup given on Thursday, October 29. The company was maintained on Wednesday, September 14 by Brean Capital. The firm earned “Overweight” rating on Wednesday, August 31 by JP Morgan. Brean Capital maintained it with “Buy” rating and $55 target price in Thursday, November 19 report. Goldman Sachs downgraded SINA Corp (NASDAQ:SINA) on Monday, November 30 to “Neutral” rating. TH Capital upgraded the stock to “Buy” rating in Monday, August 17 report. The firm has “Buy” rating given on Friday, July 22 by Jefferies. The rating was initiated by Citigroup with “Buy” on Friday, August 5.

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 improved, 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.
Henderson Group Public Ltd has invested 0.11% of its portfolio in SINA Corp (NASDAQ:SINA). Trexquant Inv Ltd Partnership holds 0.08% of its portfolio in SINA Corp (NASDAQ:SINA) for 12,200 shares. Solaris Asset Management Ltd Liability Corporation last reported 0.05% of its portfolio in the stock. Tradewinds Capital Mngmt Limited Liability Company accumulated 0.02% or 560 shares. One Trading Lp last reported 0.01% of its portfolio in the stock. Pacad Investment accumulated 0.03% or 4,400 shares. Susquehanna Grp Llp has 304,455 shares for 0.01% of their US portfolio. Credit Suisse Ag has 18,308 shares for 0% of their US portfolio. Citadel Advisors Lc last reported 13,491 shares in the company. State Street holds 0% or 176,236 shares in its portfolio. Citigroup holds 0% or 72,089 shares in its portfolio. Moreover, Goldman Sachs Group Inc has 0% invested in SINA Corp (NASDAQ:SINA) for 58,994 shares. Credit Agricole S A has 36,375 shares for 0.01% of their US portfolio. Quantitative Inv Mgmt Lc has invested 0.03% of its portfolio in SINA Corp (NASDAQ:SINA). Glenmede Trust Na last reported 28 shares in the company.

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 Prnewswire.com with their article: “SINA Corporation to Report Third Quarter 2016 Financial Results on November 21 …” published on November 14, 2016, Wsj.com published: “China Threatens Sina Corp. Over Insufficient Censorship” on April 11, 2015. 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 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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