SINA (NASDAQ:SINA) Posts Quarterly Earnings Results, Beats Estimates By $0.74 EPS

SINA (NASDAQ:SINA) released its earnings results on Monday. The technology company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.74, Briefing.com reports. The company had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $519.55 million. SINA had a return on equity of 3.86% and a net margin of 6.84%. The business’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS.

Shares of NASDAQ SINA opened at $42.07 on Thursday. SINA has a 1-year low of $32.99 and a 1-year high of $72.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.61 and a quick ratio of 2.61. The business’s fifty day moving average price is $39.46 and its two-hundred day moving average price is $51.40. The firm has a market capitalization of $3.11 billion, a PE ratio of 24.75 and a beta of 1.37.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can increased its position in SINA by 130.7% in the first quarter. Bank of Montreal Can now owns 10,929 shares of the technology company’s stock worth $647,000 after buying an additional 6,192 shares during the period. Lindbrook Capital LLC increased its holdings in shares of SINA by 66.8% during the first quarter. Lindbrook Capital LLC now owns 482 shares of the technology company’s stock valued at $28,000 after purchasing an additional 193 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of SINA by 85.5% during the first quarter. BNP Paribas Arbitrage SA now owns 309,024 shares of the technology company’s stock valued at $18,307,000 after purchasing an additional 142,425 shares during the period. Signaturefd LLC increased its holdings in shares of SINA by 53.6% during the second quarter. Signaturefd LLC now owns 885 shares of the technology company’s stock valued at $38,000 after purchasing an additional 309 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of SINA by 22.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,031 shares of the technology company’s stock valued at $1,305,000 after purchasing an additional 4,100 shares during the period. 65.02% of the stock is currently owned by hedge funds and other institutional investors.

SINA has been the subject of several research analyst reports. BidaskClub upgraded SINA from a “strong sell” rating to a “sell” rating in a research note on Tuesday. BOCOM International upgraded SINA from a “neutral” rating to a “buy” rating in a research note on Wednesday. Bank of America reduced their target price on SINA from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Monday, May 27th. Zacks Investment Research cut SINA from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 23rd. Finally, Goldman Sachs Group raised SINA from a “neutral” rating to a “buy” rating and dropped their price target for the company from $71.00 to $61.00 in a research report on Friday, May 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $75.69.

About SINA

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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Earnings History for SINA (NASDAQ:SINA)

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