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 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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