Can SINA Corporation (NASDAQ:SINA) Add to its Stock After Earnings?

The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.82 on scale of 1-5. Weibo Corp had a net margin of 14.22% and a return on equity of 12.79%.

Looking forward, for the quarter ending Mar-17, 8 analysts have a mean sales target of 180.37 million. During the same period a year ago, the business posted $0.39 earnings per share. Sina Corporation's revenue for the quarter was up 21.3% on a year-over-year basis. BlueMountain Capital Management LLC now owns 12,617 shares of the company's stock valued at $654,000 after buying an additional 10,612 shares during the last quarter. The company has a 50-day moving average price of $71.04 and a 200-day moving average price of $72.14. Sina Corporation has a 1-year low of $39.58 and a 1-year high of $85.24.

SINA Corporation (NASDAQ:SINA) Price to Earnings (P/E) ratio is 27.71. Platinum Investment Management Ltd. now owns 5,211,734 shares of the company's stock valued at $270,332,000 after buying an additional 918,532 shares during the last quarter.

SINA Corporation (NASDAQ:SINA) announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2016. Hsbc Holdings PLC boosted its position in shares of Sina Corporation by 39.3% in the third quarter. The company has grown 28.54% in past 3 months and in the last five trades has moved down -1.82%. Pacad Investment Ltd. purchased a new position in Sina Corporation during the second quarter valued at $228,000.

Monthly active users of Sina Weibo had reached 313 million as of the end of 2016
Monthly active users of Sina Weibo had reached 313 million as of the end of 2016

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WB has been the topic of a number of recent research reports. They set a "buy" rating and a $63.00 target price for the company.

Total shares held by institutions as of the most recent company filings are 32,604,751 with a reported 4,485,371 bought and 55,622,029 sold. CLSA started coverage on Sina Corporation in a research note on Monday, December 12th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 3 analysts of Thomson Reuters, 8 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating.

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content.

  • Zachary Reyes