Feb 24, 2021 (StockMarket.com via COMTEX) -- 4 Top E-Commerce Stocks To Watch Now
E-commerce stocks are still in high demand today as they were last year. They were among the biggest winners in the stock market during the coronavirus pandemic. So it is no surprise that they are still hotly sought after by investors today. Quarter after quarter, we see how these e-commerce companies continue to grow. They show no signs of stopping despite and are increasing their market share. Even before the pandemic, retailers were already shifting to online shopping. If anything, the pandemic essentially accelerated this trend.
Given how this is the new normal, we can see how e-commerce companies like Target ( NYSE: TGT ) and Home Depot ( NYSE: HD ) have all seen substantial gains in the last year. You could say that e-commerce has become an essential part of life and the industry still has the potential to grow. Evidently, we can see that companies that already had a solid e-commerce infrastructure perform better than the broader market. Also, President Biden promised to get more relief to Americans to help people survive financially until the pandemic is under control. This would mean another round of cash payment will be sent directly to U.S. households. This would of course play well for the top e-commerce to watch as these stimulus checks could be channeled through them. All things considered, will these top e-commerce stocks be on your watchlist?
Best E-Commerce Stocks To Watch
eBay Inc. ( NASDAQ: EBAY )
Overstock.com Inc. ( NASDAQ: OSTK )
Amazon Inc. ( NASDAQ: AMZN )
Sea Limited ( NYSE: SE )
eBay is a global e-commerce leader that connects millions of buyers and sellers around the world. Its portfolio of brands includes eBay Marketplace and eBay Classifieds Group, operating in 190 markets around the globe. The company has over 1.7 billion live listings on its eBay Marketplace and over 180 million active buyers. Fresh of its fourth-quarter financials, eBay has reported very impressive financial results. This has caused the company's share to surge by over 6% as of 12:38 p.m. ET at $61.55 a share.
In this latest quarter, the company reported a revenue of $2.9 billion, up by 28% compared to a year earlier. The company also posted a gross merchandise volume of $26.6 billion, a 21% increase year-over-year. eBay has also returned $529 million to shareholders in the fourth quarter, including $419 million of share repurchases and $110 million paid in cash dividends.
CEO Jamie Iannone had this to say, "We finished the year with strong financial results, but what inspires me most is the support we've been able to extend to small businesses, providing them with tools, resources, and access to millions of buyers globally. We will continue to invest in product and technology in order to deliver the best marketplace in the world for our customers." Given the company's strong financials, will you consider adding EBAY stock to your portfolio?
Overstock is an internet retailer selling primarily furniture. The company is based in Salt Lake City and has evolved from a fledgling start-up to a billion-dollar online retailer. Today, Overstock subsidiary tZERO announced a partnership with Tokensoft Transfer Agent to trade digital securities. Following the partnership, Tokensoft's digital security technology will be interoperable with tZERO's secondary trading technology. The company share has been up by over 10% since Wednesday's opening bell.
In the company's latest quarter fiscal posted in October, it reported a revenue of $731.7 million, a 111% increase year-over-year. Its gross profit was $170.9 million, which is a 146% increase. Overstock also posted diluted earnings per share of $0.50 and ended the quarter with $529.7 million in cash. The company also reported a new customer growth of 140% compared to a year earlier. Impressively, it is also one of the top 5 brands in the online market. To support this, it boasts over 59 million monthly visits and has 20 years of technology behind its back. Its business model is also highly scalable. With that in mind, will you consider OSTK as a top e-commerce stock to watch?