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NetEase Inc (NTES): Today's Featured Internet Loser

NetEase (NTES) pushed the Internet industry lower today making it today's featured Internet loser. The industry as a whole closed the day down 0.8%. By the end of trading, NetEase fell $2.70 (-4.8%) to $54.05 on heavy volume. Throughout the day, 1.7 million shares of NetEase exchanged hands as compared to its average daily volume of 701,600 shares. The stock ranged in price between $52.81-$57.81 after having opened the day at $56.73 as compared to the previous trading day's close of $56.75. Other company's within the Internet industry that declined today were: Tudou Holdings (TUDO), down 11.3%, Youku (YOKU), down 11%, LiveDeal (LIVE), down 8.4%, and Phoenix New Media (FENG), down 7.5%.

NetEase, Inc., through its subsidiaries, engages in online games, Internet portal, and wireless value-added services businesses in China. It operates an online community and offers Chinese language content and services. NetEase has a market cap of $7.49 billion and is part of the technology sector. The company has a P/E ratio of 14.6, below the average internet industry P/E ratio of 18.7 and below the S&P 500 P/E ratio of 17.7. Shares are up 27.6% year to date as of the close of trading on Monday. Currently there are eight analysts that rate NetEase a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates NetEase as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, MeetMe (MEET), up 9.7%, Yelp (YELP), up 7.4%, Friendfinder Networks (FFN), up 6.6%, and Web.com Group (WWWW), up 6.1%, were all gainers within the internet industry with Akamai Technologies (AKAM) being today's featured internet industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx (FDN) while those bearish on the internet industry could consider ProShares Ultra Short Technology (REW).

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