Can SINA Corporation (NASDAQ:SINA) Add to its Stock After Earnings?
- Author: Zachary Reyes Feb 25, 2017,
Feb 25, 2017, 6:17
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
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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.