BEIJING: SINA has a market capitalization of $2.9 billion. SINA’s YTD (year-to-date) price movement has been a mix of rises and falls in 2015.
After its 3Q15 earnings report, SINA rose by 4.5% to close at $50.36 per share as of November 18, 2015. The stock’s price movements on a weekly, monthly, and YTD basis are 4.9%, 9.2%, and 34.6%, respectively.
Technically, SINA’s stock has broken the support of its 20-day, 50-day, and 200-day moving averages a few times in 2015. Currently, SINA is trading 4.6% above its 20-day moving average, 15.0% above its 50-day moving average, and 19.6% above its 200-day moving average.
The Global X Social Media Index ETF (SOCL) invests 4.4% of its holdings in SINA. The ETF tracks a modified market-cap–weighted index of social media companies selected by the Structured Solutions Committee.
The YTD price movement of SOCL is 8.2% as of November 17, 2015. The PowerShares Golden Dragon China ETF (PGJ) invests 2.7% of its holdings in SINA.
The company reported 3Q15 net revenues of $226.3 million, a rise of 13.9% when compared to net revenues of $198.6 million in 3Q14. Revenues from its Advertising and Non-Advertising segments rose by 15.9% and 3.1%, respectively, in 3Q15 as compared to the prior year’s period.
SINA’s cost of revenue as a percentage of revenue fell by 2.7% and its gross profit margin rose by 1.6% in 3Q15 compared to the prior year’s period. The company’s operating income rose to $14.7 million, and its income on the sale of impairment of investments fell to -$1.1 million in 3Q15, as compared to the operating income and income on the sale of impairment of investments of -$10.8 million and $128.6 million, respectively, in 3Q14.
The company’s net income and EPS (earnings per share) fell to $9.8 million and $0.16, respectively, in 3Q15, as compared to net income and EPS of $133.6 million and $1.91, respectively, in 3Q14. Its net revenue rose by 5.9% and its net income fell by 16.2% in 3Q15 on a quarterly basis.
SINA’s cash and cash equivalents rose by 2.1% and its short-term investments fell by 1.5% in 3Q15 on a quarterly basis. Its current ratio fell to 3.92, and its debt-to-equity ratio rose to 0.63 in 3Q15 as compared to its current and debt-to-equity ratios of 4.41 and 0.61, respectively, in 2Q15.
