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

LinkedIn ( LNKD) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day down 1.2%. By the end of trading, LinkedIn rose 63 cents (0.6%) to $108.87 on light volume. Throughout the day, 1.4 million shares of LinkedIn exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in a price between $106.18-$109.20 after having opened the day at $107.38 as compared to the previous trading day's close of $108.24. Other companies within the Internet industry that increased today were: Synacor ( SYNC), up 12.7%, Jiayuan.com International Ltd ADR ( DATE), up 7.6%, China Finance Online ( JRJC), up 5%, and Crexendo ( EXE), up 3%.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $6.77 billion and is part of the technology sector. The company has a P/E ratio of 723.6, below the average internet industry P/E ratio of 904.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 71.8% year to date as of the close of trading on Thursday. 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.

On the negative front, Friendfinder Networks ( FFN), down 8.2%, Yandex ( YNDX), down 6.7%, CafePress ( PRSS), down 4.8%, and Opentable ( OPEN), down 4.4%, were all losers within the internet industry with Baidu ( BIDU) being today's internet industry loser.

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

If you liked this article you might like

How to Avoid Making One of the Most Lethal Investing Mistakes Around

Go Inside Google's 'Moonshot' Project That Aims to Succeed Where Lyft Failed

One Number Shows Snap Has Almost No Chance to Dethrone Facebook

Why Investors Should Factor in Goodwill When Evaluating Stocks