Top e-commerce stocks to consider as online sales boom

July 28, 2021 03:30 PM PDT | By Team Kalkine Media

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Top e-commerce stocks to consider as online sales boom — Image source: Jirapong Manustrong,Shutterstock

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The e-commerce businesses have witnessed massive growth since the coronavirus outbreak last year. E-commerce sales scaled new records highs as more people chose to shop online. There are a lot of established e-commerce companies in the market while most of the traditional retailers have also started digital sales.

Here we explore the stocks of some of the popular North American e-commerce companies.

Amazon.com Inc. (NASDAQ:AMZN)

The Seattle-based company e-commerce giant generated over US$386 billion in revenue last year. Apart from e-commerce business, Amazon also provides cloud services and OTT streaming services. The company recently agreed to buy MGM Studio.

Amazon’s market cap totals US$1.827 trillion. The stock rose 11 percent this year while its shares were trading in the range of US$2,871.00 to US$3,773.08 in the last 52 weeks. It has a P/E ratio of 69.01.

The company had reported a 44 percent year-over-year growth in its March quarter net sales to US$108.52 billion and earned US$8.11 billion in net income, compared with US$2.54 billion in the year-ago period.

Shopify Inc. (NYSE:SHOP)

Shopify is a Canadian company that provides an e-commerce platform and subscription-based point of sale solutions. It generated approximately US$3 billion in revenue while gross merchandise value totaled US$119.6 billion.

The company’s market cap totals US$189.93 billion. It has a P/E ratio of 121.88. The stock price increased 35 percent this year and shares were trading between US$839.40 and US$1,650.00 in the 52 weeks.

In the second quarter ended June, Shopify’s revenue jumped 57 percent year over year to $1.12 billion while gross merchandise value rose 40 percent to US$42.2 billion. Net income during the three months soared to US$879.1 million, or US$6.90 per share, from US$36 million, or 29 cents per share, in the second quarter of the previous year.

Source: Pixabay

eBay Inc. (NASDAQ:EBAY)

eBay is an online marketplace founded in 1995. It connects buyers and sellers in around 190 markets, In 2020, the company’s gross merchandise volume totaled US$100 billion while its revenue increased 19 percent to US$10.3 billion.

The San Francisco-based company has US$49.89 billion in market cap and has a P/E ratio of 18.82. The stock grew 46 percent this year. It was trading in the range of US$45.36 to US$73.97 in the last 52 weeks.

During its first quarter ended March 31, eBay earned US$569 million, or 82 per share, in net income on revenue of US$3 billion, up 42 percent year over year.

Chewy, Inc. (NYSE:CHWY)

The Florida-based company offers pet foods and products online. It has partnerships with around 2,500 pet brands and offers over 70,000 products. Chewy Inc. is owned by American pet store chain PetSmart Inc.

Chewy currently has a market capitalization of US$36.74 billion. The stock declined 1.46 percent year to date. The shares were trading in the range of US$45.80 to US$120.00 in the last one year.

The company earned US$38.7 million in net income during its fiscal first quarter ended May 2 as net sales grew 31.7 percent to US$2.14 billion.

Wayfair Inc. (NYSE:W)

Massachusetts-based Wayfair is an online retailer that offers home products such as furniture, bed and bath, rugs, and décor and pillows. It generated US$15.3 billion in revenue during the twelve months ended March 31.

Wayfair currently has a market cap of US$28.58 billion. It has a P/E ratio of 64.31. The stock price increased 21 percent year to date. Its shares were trading in the range of US$ 221.09 to US$369.00 in the last one year.

During the first quarter ended March 31, Wayfair reported 49.2 percent year-over-year growth in its total net revenue to US$3.5 billion. Net income came in at US$18.2 million, compared with a loss of US$285 million in the first quarter of the previous year.

Source: Pixabay

Etsy, Inc. (NASDAQ:ETSY)

The New York-based operates online marketplace platform Etsy.com for handmade and vintage craft supplies. It also owns another online marketplace Reverb that offers musical instruments.

Etsy’s market cap totals US$27.72 billion and has a P/E ratio of 57.77. The stock returned 13 percent this year. Its share price was in the range of US$103.06 to US$251.86 during the last 52 weeks.

In the first quarter ended March 31, Etsy’s consolidated revenue more than doubled to US$550.6 million, while net income skyrocketed to US$143.8 million from US$12.5 million in the year-ago quarter.

Newegg Commerce Inc. (NASDAQ:NEGG)

Newegg Commerce is a California-based online electronics retailer formed with the merger of Chinese medical products and medical components company Lianluo Smart and Newegg Inc. in May.

The company has a market cap of US$7.44 billion. The stock jumped 388 percent this year and traded in the range of US$2.80 to US$79.07 in the last 52 weeks.

Newegg recently started a build-to-order offering that provides professional assembly service for personal computers.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

The reference data in this article has been partly sourced from Refinitiv.

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