Facebook Inc Class A (FB): 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

Facebook Inc Class A ( FB) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole was unchanged today. By the end of trading, Facebook Inc Class A rose $0.63 (2.6%) to $24.53 on average volume. Throughout the day, 44,190,946 shares of Facebook Inc Class A exchanged hands as compared to its average daily volume of 38,360,600 shares. The stock ranged in a price between $24.05-$24.70 after having opened the day at $24.59 as compared to the previous trading day's close of $23.90. Other companies within the Internet industry that increased today were: TechTarget ( TTGT), up 10.5%, Bankrate ( RATE), up 6.7%, ModusLink Global Solutions ( MLNK), up 5.9% and Groupon ( GRPN), up 5.4%.
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Facebook, Inc. operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers. Facebook Inc Class A has a market cap of $42.5 billion and is part of the technology sector. The company has a P/E ratio of 2430.9, above the S&P 500 P/E ratio of 17.7. Shares are down 8.7% year to date as of the close of trading on Thursday. Currently there are 22 analysts that rate Facebook Inc Class A a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Facebook Inc Class A as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

On the negative front, Net Element International ( NETE), down 14.0%, Bitauto Holdings ( BITA), down 8.5%, Zynga ( ZNGA), down 5.1% and Sify Technologies ( SIFY), down 3.8% , were all laggards within the internet industry with Qihoo 360 Technology ( QIHU) 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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