The stock of SINA Corp (NASDAQ:SINA) is a huge mover today! About 2.27 million shares traded hands or 128.12% up from the average. SINA Corp (NASDAQ:SINA) has risen 36.71% since April 20, 2016 and is uptrending. It has outperformed by 32.16% the S&P500.
The move comes after 6 months positive chart setup for the $5.22 billion company. It was reported on Nov, 22 by Barchart.com. We have $78.38 PT which if reached, will make NASDAQ:SINA worth $261.00M more.
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 stock of SINA Corp (NASDAQ:SINA) earned “Neutral” rating by Goldman Sachs on Monday, November 30. The firm has “Buy” rating given on Monday, August 17 by TH Capital. Brean Capital maintained the stock with “Buy” rating in Wednesday, September 14 report. The firm has “Overweight” rating given on Wednesday, August 31 by JP Morgan. The company was maintained on Thursday, November 19 by Brean Capital. The firm has “Neutral” rating given on Thursday, October 29 by Citigroup. Citigroup initiated the shares of SINA in a report on Friday, August 5 with “Buy” rating. The stock of SINA Corp (NASDAQ:SINA) has “Buy” rating given on Friday, July 22 by Jefferies.
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 1.63 in Q2 2016. Its up 0.43, from 1.2 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.
Pnc Gp has 118 shares for 0% of their US portfolio. Contrarius Inv Limited has 0.51% invested in the company for 114,347 shares. State Street Corp holds 0% of its portfolio in SINA Corp (NASDAQ:SINA) for 176,236 shares. Ahl Prtn Llp accumulated 42,418 shares or 0.12% of the stock. Css Ltd Liability Corp Il holds 178,493 shares or 0.62% of its portfolio. Pacad Invest Limited, a British Columbia – Canada-based fund reported 4,400 shares. Guggenheim Cap, a Illinois-based fund reported 38,996 shares. Susquehanna Group Incorporated Llp holds 304,455 shares or 0.01% of its portfolio. Parametric Portfolio Assoc Ltd Liability Corporation accumulated 93,360 shares or 0.01% of the stock. Moreover, Airain Limited has 0.15% invested in SINA Corp (NASDAQ:SINA) for 51,447 shares. Deutsche Savings Bank Ag has 0.01% invested in the company for 269,806 shares. Millennium Mgmt Ltd Liability Company has 81,008 shares for 0.01% of their US portfolio. Gru One Trading Limited Partnership last reported 23,845 shares in the company. Architects Incorporated has invested 0.01% of its portfolio in SINA Corp (NASDAQ:SINA). Granite Point Cap Management L P, a Massachusetts-based fund reported 17,775 shares.
More notable recent SINA Corp (NASDAQ:SINA) news were published by: Reuters.com which released: “BRIEF-SINA Corp reports Q3 earnings per share $1.90” on November 21, 2016, also Fool.com with their article: “Why SINA Corp. Stock Soared Today” published on August 09, 2016, Rttnews.com published: “Sina Corp. (SINA) Is Climbing After Q3 Earnings Surpassed Expectations” on November 21, 2016. More interesting news about SINA Corp (NASDAQ:SINA) were released by: Zacks.com and their article: “What Lies in Store for SINA Corp. (SINA) in Q3 Earnings?” published on November 10, 2016 as well as Profitconfidential.com‘s news article titled: “SINA Corp: This Is the No. 1 Internet Stock of 2017” with publication date: September 02, 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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