EBay Inc (EBAY): 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.

eBay ( EBAY) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 3.3%. By the end of trading, eBay fell $1.12 (-2.0%) to $53.72 on average volume. Throughout the day, 9,529,886 shares of eBay exchanged hands as compared to its average daily volume of 11,657,500 shares. The stock ranged in price between $53.45-$54.79 after having opened the day at $54.58 as compared to the previous trading day's close of $54.84. Other companies within the Internet industry that declined today were: CRITEO ( CRTO), down 13.7%, Zillow ( Z), down 10.4%, Yandex ( YNDX), down 10.1% and Amazon.com ( AMZN), down 9.9%.

eBay Inc. provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. eBay has a market cap of $69.7 billion and is part of the services sector. Shares are down 0.1% year to date as of the close of trading on Thursday. Currently there are 20 analysts that rate eBay a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates eBay as a buy. 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, reasonable valuation levels, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, VirnetX ( VHC), up 9.3%, Taomee Holdings ( TAOM), up 3.0%, Baidu ( BIDU), up 2.0% and SMTP ( SMTP), up 1.8%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

How to Eat Lunch With Billionaire Warren Buffett

Former Macy's Herald Square Employees Sue Alleging Racial Profiling of Customers

Hewlett Packard Enterprise's Meg Whitman Joins Dropbox

EBay Is Breaking Out All Over

PayPal Owns a Millennial-Friendly Business That Might Send Its Stock Soaring