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 down 0.6%. By the end of trading, SINA Corporation rose $0.68 (1.2%) to $57.05 on light volume. Throughout the day, 1,433,789 shares of SINA Corporation exchanged hands as compared to its average daily volume of 2,211,700 shares. The stock ranged in a price between $56.02-$57.50 after having opened the day at $56.09 as compared to the previous trading day's close of $56.37. Other companies within the Internet industry that increased today were: ChinaNet Online Holdings ( CNET), up 15.2%, Vocus ( VOCS), up 5.2%, Phoenix New Media ( FENG), up 4.0% and Net Element International ( NETE), up 3.4%.
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SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. SINA Corporation has a market cap of $3.8 billion and is part of the technology sector. The company has a P/E ratio of 119.0, above the S&P 500 P/E ratio of 17.7. Shares are up 13.7% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate SINA Corporation a buy, 1 analyst rates it a sell, and 1 rates 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 growth in earnings per share. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year.

On the negative front, support.com ( SPRT), down 7.2%, MeetMe ( MEET), down 6.7%, ValueClick ( VCLK), down 6.1% and Zynga Inc Class A ( ZNGA), down 5.9% , 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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