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TheStreet Wire

LinkedIn Corp (LNKD): Today's Featured Internet Laggard

By TheStreet Wire 08/08/12 - 05:01 PM EDT

Find out if (LNKD) is in Cramer's Portfolio.

LinkedIn (LNKD) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.5%. By the end of trading, LinkedIn fell $1.77 (-1.7%) to $104.93 on average volume. Throughout the day, 2.9 million shares of LinkedIn exchanged hands as compared to its average daily volume of 3.4 million shares. The stock ranged in price between $104.61-$108.89 after having opened the day at $106.94 as compared to the previous trading day's close of $106.70. Other companies within the Internet industry that declined today were: MeetMe (MEET), down 10.4%, VirnetX (VHC), down 7.8%, Remark Media (MARK), down 7.1%, and BroadVision (BVSN), down 7.1%.

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LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $6.95 billion and is part of the technology sector. The company has a P/E ratio of 1014.1, above the S&P 500 P/E ratio of 17.7. Shares are up 69.3% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, unimpressive growth in net income and premium valuation.

You can view the full LinkedIn Ratings Report.

Use our internet section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

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).

Find other investment ideas from our top rated ETFs lists.

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