Jefferies Reaffirms Their Buy Rating on Sina Corp

By Carrie Williams

Jefferies analyst Karen Chan reiterated a Buy rating on Sina Corp (NASDAQ: SINA) today and set a price target of $122. The company’s shares opened today at $98.07, close to its 52-week high of $100.98.

According to TipRanks.com, Chan is a 5-star analyst with an average return of 25.7% and a 90.9% success rate. Chan covers the Technology sector, focusing on stocks such as Alibaba Group, Facebook Inc, and Alphabet Inc.

Sina Corp has an analyst consensus of Moderate Buy, with a price target consensus of $116.

Based on Sina Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $313 million and quarterly net profit of $19.92 million. In comparison, last year the company earned revenue of $199 million and had a net profit of $15.32 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SINA Corp. engages in the provision of online and mobile media services. It operates through the following segments: Portal Advertising, Weibo, and Others. The Portal Advertising segment offers automobile, fast-moving consumer goods, Internet, financial, information technology, and telecommunication services. The Weibo segment focuses on the marketing and development of the social media platform, Weibo. The Others segment includes mobile value added services; and other services. The company was founded in March 1999 and is headquartered in Shanghai, China.