Sina Corp (SINA): Notes From CFO Meeting - Jefferies

August 29, 2016 7:51 AM EDT
Get Alerts SINA Hot Sheet
Price: $76.29 -0.66%

Rating Summary:
    16 Buy, 11 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Jefferies analyst, Karen Chan, reiterated her Buy rating on shares of SINA Corporation (NASDAQ: SINA) after hosting a group meeting for 20+ investors with Sina’s CFO Ms. Bonnie Zhang. Key takeaways include: 1) enhancing monetization of Sina’s mobile news app; 2) growing video content consumption will continue to drive Weibo’s user growth and engagement; 3) Weibo is testing short video ad within auto-roll video feed; 4) user activity remains strong with growing in-app search.

No change to the price target of $67.

For an analyst ratings summary and ratings history on SINA Corporation click here. For more ratings news on SINA Corporation click here.

Shares of SINA Corporation closed at $73.46 yesterday.

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