SINA Corporation (SINA): Today's Featured Internet Winner

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.

SINA Corporation ( SINA) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 1.1%. By the end of trading, SINA Corporation rose 88 cents (1.8%) to $49.69 on average volume. Throughout the day, 1.8 million shares of SINA Corporation exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in a price between $49.22-$50.19 after having opened the day at $49.60 as compared to the previous trading day's close of $48.81. Other companies within the Internet industry that increased today were: BroadVision ( BVSN), up 22%, MeetMe ( MEET), up 15.7%, India ( REDF), up 12.9%, and ModusLink Global Solutions ( MLNK), up 6.6%.
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SINA Corporation provides online media and mobile value-added services (MVAS) in the People's Republic of China. It provides advertising, non-advertising, and free services through,, and SINA Mobile. SINA Corporation has a market cap of $3.23 billion and is part of the technology sector. The company has a P/E ratio of 323.7, above the S&P 500 P/E ratio of 17.7. Shares are down 3.3% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate SINA Corporation a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates SINA Corporation as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

On the negative front, Selectica ( SLTC), down 4.6%, LookSmart ( LOOK), down 4.4%, Internet Initiative Japan ( IIJI), down 4%, and SouFun Holdings ( SFUN), down 3.9%, were all laggards within the internet industry with Shutterfly ( SFLY) being today's internet industry laggard.

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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