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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.9%. By the end of trading, SINA Corporation fell $1.92 (-2.9%) to $65.19 on average volume. Throughout the day, 3,263,016 shares of SINA Corporation exchanged hands as compared to its average daily volume of 2,975,100 shares. The stock ranged in price between $65.00-$66.84 after having opened the day at $66.41 as compared to the previous trading day's close of $67.11. Other companies within the Internet industry that declined today were: SMTP ( SMTP), down 37.4%, SMTP ( SMTPD), down 37.4%, Amazon.com ( AMZN), down 11.0% and Internet Initiative Japan ( IIJI), down 4.8%.

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 $4.5 billion and is part of the technology sector. The company has a P/E ratio of 60.2, above the S&P 500 P/E ratio of 17.7. Shares are down 20.3% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate SINA Corporation a buy, 1 analyst rates it a sell, and 2 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 robust 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 company's return on equity has been disappointing.

On the positive front, Care.com ( CRCM), up 6.4%, Autohome Inc ADR ( ATHM), up 6.0%, MeetMe ( MEET), up 4.5% and Net Element ( NETE), up 4.1% , were all gainers within the internet industry with Zynga ( ZNGA) 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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