Boston, MA 05/22/2014 (wallstreetpr) – The shares of SINA Corp (NASDAQ:SINA) witnessed unusually large volume of call options trading activity. The traders bought 11409 call options of SINA Corp. this was an increase of around 113%, in comparison to the usual 5344 call options volume.
Research Analysts Weighing The SINA Shares
Various research analysts weighed the SINA Corp (NASDAQ:SINA) shares. The T.H. Capital analysts brought down the price target on the company to $75.00. In yet another incidence, the research analysts at Goldman Sachs gave a “Buy” rating to the company’s stock. The Street analysts downgraded the shares of this company to “Sell” rating from the previous “Down” rating. One of the investment analysts gave the stock of SINA Corp, a “Sell” rating, while five of the analysts designated a “Hold” rating to the company. Eleven companies gave it a “Buy” rating. The average rating of the stock of SINA Corp is “Buying” and the consensus target price is $84.25.
Quarterly Earnings Issued By SINA Corp
SINA Corp (NASDAQ:SINA) issued the economic statistics of the company on May 21, 2014. In the quarterly earnings data, the company registered the earnings per share of $0.15 for the first quarter of the present financial year. This was exactly the same as the consensus speculation of Thomson Reuters. SINA Corp also reported the revenue of $171.50 million for Q1 2014, an increase in comparison with the consensus prediction of $165.03 million. It should be noted that in the first quarter of the previous fiscal year, SINA Corp registered the earnings per share of $0.02. On average, it is predicted by the research analysts, that the company would post the earnings per share of $1.42 for the present financial year. Incorporated in the year 1997, SINA Corp is an online media company which at present serves the Chinese communities across the world as well as China.
