SINA Corp (NASDAQ:SINA) stock is up a hefty 55% year-to-date. It is currently trading at USD 77.01, which is 16,2% higher than its 50 day moving average of USD 66.27. The price to earnings ratio is at 66.07 and price to balance ratio at 2.22. During the last four weeks SINA has received several target prices updates from Wall Street analysts, including TheStreet, which have significantly increased the investors interest towards the stock.
Sina is an online media company serving China and the global Chinese communities. Through their sina.com and sina.cn portals they offer information and entertainment content, which they monetize through advertisements, value added services and fee-based services.
Sina is also a major shareholder of Weibo (US: WB), which is the Chinese “Twitter-like” microblogging service. Currently Sina owns approximately 50 percent of Weibo.
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