Shares of SINA Corp (NASDAQ:SINA) reached a new 52-week low during trading on Friday after Deutsche Bank lowered their price target on the stock from $87.00 to $60.00, ARN reports. The company traded as low as $42.40 and last traded at $45.18, with a volume of 3,862,899 shares traded. The stock had previously closed at $43.02. SINA Corp (NASDAQ:SINA) net profit margin is 6.80% and weekly performance is -2.41%. On last trading day company shares ended up $46.53. Analysts mean target price for the company is $71.91. SINA Corp (NASDAQ:SINA) distance from 50-day simple moving average (SMA50) is -14.65%.
Equities research analysts at Jefferies Group dropped their price objective on shares of Demand Media Inc (NYSE:DMD) from $5.00 to $4.50 in a research note issued to investors on Friday, Stock Ratings Network.com reports. Jefferies Group’s price objective would indicate a potential upside of 20.00% from the stock’s previous close. Demand Media Inc (NYSE:DMD) shares advanced 2.35% in last trading session and ended the day on $4.35. Gross Margin is 45.10% and its return on assets is -4.20%. Demand Media Inc (NYSE:DMD) quarterly performance is -22.32%.
On May 23, the unaudited financial report of 1Q2014 ended March 31, 2014 was placed by the company that. YY Inc (ADR) (NASDAQ:YY) reported an increase in net income by 111.6% compared to the prior year. The company touched a magic figure of net income in the first quarter, which has been reported as RMB666.3 million ($107.2 million). The preceding year’s corresponding period’s net income was RMB315.0 million. The net income was influenced by 127.1% hike of the revenue from IVAS (Internet Value Added Services). YY Inc (ADR) (NASDAQ:YY) shares moved up 1.83% in last trading session and was closed at $63.37, while trading in range of $60.02 – $63.65. YY Inc (ADR) (NASDAQ:YY) year to date (YTD) performance is 26.03%.
NetEase, Inc. (ADR) (NASDAQ:NTES) announced that, according to Internet research firm iResearch, the NetEase Mobile News application was the No. 1 mobile news application used by consumers in China in terms of time spent. NetEase, Inc (ADR) (NASDAQ:NTES) ended the last trading day at $71.04. Company weekly volatility is calculated as 1.59% and price to cash ratio as 2.90. NetEase, Inc (ADR) (NASDAQ:NTES) showed a positive weekly performance of 0.52%.
On May 14, Chinese Internet giant Tencent Holdings Ltd. (OTCMKTS:TCTZD) said its first-quarter net profit rose 60% from a year earlier on improved revenue from online games. Tencent said it generated more than 1.8 billion yuan ($289 million) in first-quarter revenue from games released on its mobile-messaging platforms. Tencent said its net profit for the three months ended March 31 rose to CNY6.46 billion ($1.04 billion) from CNY4.04 billion a year earlier. Analysts, according to Thomson Reuters, expected a first-quarter profit of CNY4.86 billion. Revenue rose 36% to CNY18.40 billion from CNY13.55 billion, beating analysts’ expectations for CNY18.17 billion. Tencent Holdings Ltd (OTCMKTS:TCTZD) On last trading day company shares ended up $14.48.