Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 0.3%. By the end of trading, LinkedIn fell $4.63 (-2.7%) to $169.17 on average volume. Throughout the day, 2,871,174 shares of LinkedIn exchanged hands as compared to its average daily volume of 2,336,700 shares. The stock ranged in price between $167.06-$176.62 after having opened the day at $176.20 as compared to the previous trading day's close of $173.80. Other companies within the Internet industry that declined today were:
), down 42.9%,
), down 13.2%,
), down 4.6% and
), down 3.6%.
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LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $15.9 billion and is part of the technology sector. The company has a P/E ratio of 496.6, above the S&P 500 P/E ratio of 17.7. Shares are up 51.4% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 13 rate it a hold.
TheStreet Ratings rates
. The area that we feel has been the company's primary weakness has been its disappointing return on equity.
- You can view the full LinkedIn Ratings Report.
On the positive front,
), down 7.3%,
), down 6.3%,
), down 6.0% and
), down 5.1% , were all gainers within the internet industry with
) being today's featured internet industry leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
) while those bearish on the internet industry could consider
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