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 0.2%. By the end of trading, SINA Corporation rose $0.80 (1.7%) to $48.72 on average volume. Throughout the day, 1,717,972 shares of SINA Corporation exchanged hands as compared to its average daily volume of 1,983,700 shares. The stock ranged in a price between $47.37-$48.91 after having opened the day at $47.82 as compared to the previous trading day's close of $47.92. Other companies within the Internet industry that increased today were: MeetMe ( MEET), up 8.5%, Youku Tudou ( YOKU), up 6.2%, ChinaNet Online Holdings ( CNET), up 5.6% and SouFun Holdings ( SFUN), up 5.4%.
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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 $3.1 billion and is part of the technology sector. The company has a P/E ratio of 308.7, above the S&P 500 P/E ratio of 17.7. Shares are down 7.8% year to date as of the close of trading on Tuesday.

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 negative front, Vocus ( VOCS), down 37.1%, Net Element International ( NETE), down 6.3%, Ixia ( XXIA), down 5.5% and HomeAway ( AWAY), down 5.3% , were all laggards within the internet industry with TripAdvisor ( TRIP) 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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