LinkedIn Corp (LNKD): Today's Featured Internet Loser - TheStreet

LinkedIn

(

LNKD

) 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, LinkedIn fell $2.43 (-2.3%) to $102.74 on light volume. Throughout the day, 1.7 million shares of LinkedIn exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in price between $101.06-$105.03 after having opened the day at $104.72 as compared to the previous trading day's close of $105.17. Other company's within the Internet industry that declined today were:

Innodata

(

INOD

), down 7%,

Tudou Holdings

(

TUDO

), down 5.3%,

Zynga Inc Class A

(

ZNGA

), down 4.4%, and

Youku

(

YOKU

), down 4.4%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $6.63 billion and is part of the

technology

sector. The company has a P/E ratio of 709.5, below the average internet industry P/E ratio of 886.8 and above the S&P 500 P/E ratio of 17.7. Shares are up 68.9% year to date as of the close of trading on Wednesday. Currently there are nine analysts that rate LinkedIn a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates LinkedIn as a

sell

. Among the areas we feel are negative, one of the most important has been premium valuation based on our review of its current price compared to such things as earnings and book value.

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

).

null