Exclusive: What’s Ahead for SINA Corp After Today’s Big Increase?

Exclusive: What's Ahead for SINA Corp After Today's Big Increase?

The stock of SINA Corp (NASDAQ:SINA) is a huge mover today! About 451,150 shares traded hands. SINA Corp (NASDAQ:SINA) has risen 54.56% since April 25, 2016 and is uptrending. It has outperformed by 48.54% the S&P500.
The move comes after 7 months positive chart setup for the $5.74 billion company. It was reported on Nov, 28 by Barchart.com. We have $84.64 PT which if reached, will make NASDAQ:SINA worth $344.40 million more.

Analysts await SINA Corp (NASDAQ:SINA) to report earnings on March, 1. They expect $0.37 earnings per share, up 76.19% or $0.16 from last year’s $0.21 per share. SINA’s profit will be $26.60 million for 53.95 P/E if the $0.37 EPS becomes a reality. After $1.90 actual earnings per share reported by SINA Corp for the previous quarter, Wall Street now forecasts -80.53% negative 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 earned “Buy” rating on Friday, August 5 by Citigroup. The firm has “Buy” rating by TH Capital given on Monday, August 17. The rating was downgraded by Goldman Sachs on Monday, November 30 to “Neutral”. JP Morgan reinitiated SINA Corp (NASDAQ:SINA) on Wednesday, August 31 with “Overweight” rating. Brean Capital maintained it with “Buy” rating and $55 target price in Thursday, November 19 report. The firm has “Neutral” rating given on Thursday, October 29 by Citigroup. The rating was maintained by Brean Capital on Wednesday, September 14 with “Buy”. The firm earned “Buy” rating 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 2016 Q2. Its up 0.43, from 1.2 in 2016Q1. The ratio is positive, 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.
Moreover, Pillar Pacific Management has 0.08% invested in SINA Corp (NASDAQ:SINA) for 8,780 shares. Geode Capital Management Lc holds 0% of its portfolio in SINA Corp (NASDAQ:SINA) for 28,191 shares. Fincl Bank Of Montreal Can last reported 0% of its portfolio in the stock. One Trading Lp last reported 0.01% of its portfolio in the stock. The United Kingdom-based Bp Public Llc has invested 0.12% in SINA Corp (NASDAQ:SINA). Henderson Group Inc Public Limited Com has invested 0.11% of its portfolio in SINA Corp (NASDAQ:SINA). Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Hilltop Hldgs has 4,100 shares for 0.07% of their US portfolio. Peak6 Invests Limited Partnership has invested 0.03% of its portfolio in SINA Corp (NASDAQ:SINA). Morgan Stanley owns 4.06M shares or 0.08% of their US portfolio. Tb Alternative Assets Ltd accumulated 106,600 shares or 4.4% of the stock. Blackrock Inc last reported 8,420 shares in the company. Eton Park Cap Mgmt L P accumulated 0.46% or 584,300 shares. Bank & Trust Of America De holds 0.01% of its portfolio in SINA Corp (NASDAQ:SINA) for 459,926 shares. Blackrock Institutional Trust Na last reported 196,231 shares in the company.

More notable recent SINA Corp (NASDAQ:SINA) news were published by: Fool.com which released: “Why SINA Corp. Stock Popped Tuesday” on November 22, 2016, also Fool.com with their article: “Why SINA Corp. Stock Soared Today” published on August 09, 2016, Streetinsider.com published: “Sina Corp (SINA) Board Approves Weibo Share Distribution” on August 31, 2016. 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 Prnewswire.com‘s news article titled: “SINA Corporation to Report Third Quarter 2016 Financial Results on November 21 …” with publication date: September 23, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment