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

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 lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.7%. By the end of trading, SINA Corporation fell $1.50 (-3.1%) to $47.58 on average volume. Throughout the day, 2.8 million shares of SINA Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in price between $46.54-$48.79 after having opened the day at $48.69 as compared to the previous trading day's close of $49.08. Other companies within the Internet industry that declined today were: Deltathree ( DDDC), down 30%, VirnetX ( VHC), down 7.2%, LiveDeal ( LIVE), down 6.7%, and Selectica ( SLTC), down 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 SINA.com, Weibo.com, and SINA Mobile. SINA Corporation has a market cap of $3.34 billion and is part of the technology sector. The company has a P/E ratio of 335.1, above the S&P 500 P/E ratio of 17.7. Shares are down 2.3% 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income.

On the positive front, Yelp Inc Class A ( YELP), up 8.6%, Opentable ( OPEN), up 4.6%, Vipshop Holdings Ltd ADR ( VIPS), up 3.1%, and Zynga Inc Class A ( ZNGA), up 2.9%, were all gainers within the internet industry with Groupon ( GRPN) being today's featured internet industry leader.

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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