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Sina Corporation (SINA)

- NASDAQ
  • Feb. 2, 2012, 10:41 AM
    The social network and internet space displays continued momentum following Facebook's IPO filing. Zynga (ZNGA), which represented 12% of FB's 2011 revenue, +17.7%. Also: RENN +7%, GRPN +6.6%, LNKD +6.4%, YOKU +4.6%, DATE +3.1% SINA +2.6%QPSA +2.3%.
    | Feb. 2, 2012, 10:41 AM | Comment!
  • Jan. 30, 2012, 12:39 PM
    Though Maxim increases its price target on shares of Sina (SINA -0.7) (previous), it's a resounding Sell rating that's the headliner from a note out to Maxim clients penned by Echo He. The analyst doesn't believe that fundamentals and Weibo's excessive valuation have changed the outlook for SINA - even with the rosy glow from Facebook's IPO spilling across the sector.
    | Jan. 30, 2012, 12:39 PM | 1 Comment
  • Jan. 30, 2012, 8:47 AM
    Shares of Sina (SINA) trail off 1.5% premarket after ripping a 12.1% gain Friday on a trading frenzy tied to news about Facebook's IPO. Analyst see even more upside with Maxim increasing its price target and Stifel Nicolaus saying the Facebook effect will be an ongoing positive driver.
    | Jan. 30, 2012, 8:47 AM | Comment!
  • Jan. 27, 2012, 4:05 PM
    LinkedIn (LNKD +5.9%), Groupon (GRPN +2.6%), Baidu (BIDU +6%), and Weibo owner Sina (SINA +12.1%) have also received a lift (previously) from Facebook's reported IPO plans. So has Google (GOOG +2.1%), perhaps out of a belief that Facebook's high IPO valuation (rumored financial data suggests a trailing P/E in the 70-90 range) would make the search giant look cheap by comparison.
    | Jan. 27, 2012, 4:05 PM | 5 Comments
  • Jan. 17, 2012, 11:23 AM
    Contributing to Sina's (SINA +3.3%) gains today may be a report from a government think tank claiming the number of registered users for Sina's Weibo microblogging platform rose 296% in 2011, to 249.9M - a figure that represents nearly half of China's estimated 513M Internet users. Weibo, which has occasionally raised the ire of regulators, was estimated to have 250M users as of November.
    | Jan. 17, 2012, 11:23 AM | Comment!
  • Jan. 17, 2012, 9:25 AM
    Premarket gainers: VQ +50%. CNVO +48%. DNN +17%. PVX +15%. TSLA +15%. ISTA +11%. EK +10%. ING +8%. AEG +8%. FRO +8%. AVL +7%. QCOR +7%. BRD +6%. NBG +6%. RBS +6%. NOK +6%. TTM +5%. JASO +5%. MTL +4%. BHP +4%. SINA +4%. RIO +4%. ASML +4%. HMA +4%. WFR +4%. GMCR +3%. TSL +3%. HL +3%. AVNR +3%. HMY +3%. NDCO +3%. CLWR +3%. BIDU +3%. TOT +3%. BSBR +3%. BUD +3%. FCX +3%. CS +3%.
    Losers: CUK -16%. CCL -15%. KGC -8%. RCL -7%. C -5%. MTG -5%.
    | Jan. 17, 2012, 9:25 AM | Comment!
  • Jan. 12, 2012, 12:28 PM
    Sina (SINA +5%) shares are upgraded to Overweight at J.P. Morgan, which contends a selloff prompted by China's new rules requiring users of its Twitter-like Weibo platform to register with their real names is overdone. Weibo had 250M users in November, up from 200M in August, and Sina has started to target ways to monetize the site, the analysis says.
    | Jan. 12, 2012, 12:28 PM | 1 Comment
  • Jan. 12, 2012, 9:00 AM
    Premarket gainers: DKS +9%. JASO +8%. SINA +5%. ING +5%. QCOR +5%. OPWV +5%. HL +3%. RENN +3%. DB +3%.
    Losers: WSM -12%. PMC -10%. INFY -10%. SHLD -8%. OCR -4%. WYNN -4%. STP -4%. EK -4%. TSL -3%. CPT -3%.
    | Jan. 12, 2012, 9:00 AM | Comment!
  • Jan. 11, 2012, 9:42 AM
    China had a whopping 505M Internet users as of the end of November, claims a government agency. However, this still only represents a penetration rate of 37.7%. The number of users on microblogging platforms such as SINA's Weibo) is said to have passed 300M. In October, Barclays noted Chinese Internet users spend far more of their leisure time browsing the web than they do watching TV. (also)
    | Jan. 11, 2012, 9:42 AM | 1 Comment
  • Dec. 28, 2011, 3:58 PM
    In spite of their high valuations, T. Rowe Price fund manager Kennard Allen is bullish on Chinese Internet stalwarts BIDU and SINA, given that China's still-low Internet penetration rate of 36% leaves plenty of room for growth. On the flip side, Allen isn't a fan of IT services firms such as ACN and CTSH, citing the potential for cloud services to automate labor-intensive technology processes. (earlier)
    | Dec. 28, 2011, 3:58 PM | 1 Comment
  • Dec. 22, 2011, 4:22 PM
    GlobalWebIndex claims Google+ (GOOG) now has an eye-popping 150M active users - trailing only Facebook (450M+) and SINA's Weibo (175M+) among social networks. Engagement levels can differ greatly among user bases, and it's likely Facebook still has a major edge on Google+ in that respect. Nonetheless, if accurate, this report suggests Google has been very successful in using its web and mobile reach to spur Google+ uptake.
    | Dec. 22, 2011, 4:22 PM | 5 Comments
  • Dec. 22, 2011, 3:43 PM
    Sina (SINA +3%) spikes in afternoon trading on a report Russia's Digital Sky Technology has made a $200M investment in Sina's Weibo microblogging platform. The investment is said to feature a convertible note offering with a conversion price of $65/share, and to value Weibo, which now claims over 200M registered users, at roughly $1B.
    | Dec. 22, 2011, 3:43 PM | Comment!
  • Dec. 22, 2011, 7:26 AM
    With the performance of Chinese shares doing worse than much of Europe this year, CLSA's Francis Cheung believes there are bargains to be had. Bullish on telecoms, autos, and cement, his favorite sector is the Internet. Off 60% since April, SINA's share price doesn't reflect the enormous popularity of its microblogging site Weibo, he says.
    | Dec. 22, 2011, 7:26 AM | 2 Comments
  • Dec. 22, 2011, 6:48 AM
    China fights a seemingly uphill battle to curb online freedom of speech, requiring authors on 7 websites in southern Guangdong province to register their real names in postings after authorities in Beijing attempted a similar measure last week. Estimates of microblogging sites such as Sina's (SINA) Weibo range as high as 300M and counting, making disgruntled bloggers a powerful voice of dissent.
    | Dec. 22, 2011, 6:48 AM | 2 Comments
  • Dec. 19, 2011, 10:59 AM
    Zynga (ZNGA -5.3%) looks like an IPO in trouble after a second down day following its sub-$10 close on Friday. Analysts proceed cautiously: Cowen picks up coverage at Neutral, Sterne Agee starts at Underperform with a $7 target, and Morningstar says fair value on the stock is ~$6. Other social media shares may be feeling the heat: GRPN -3.1%, LNKD -0.6%, SINA -3.6%.
    | Dec. 19, 2011, 10:59 AM | 11 Comments
  • Dec. 16, 2011, 8:36 AM
    Sina (SINA) -5.2% premarket after the Beijing city government publishes rules requiring users of popular microblogging services in China to register their real names with service operators. Sina's popular Weibo microblog has become a gathering point for lively discussion and, on occasion, criticism of government policies.
    | Dec. 16, 2011, 8:36 AM | Comment!
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Company Description
SINA Corp is an online media company and MVAS provider in the People's Republic of China and for the Chinese communities.
Sector: Technology
Country: China