In this article, we will be looking at the 12 best ecommerce stocks to invest in.
The ecommerce industry is surprising the global markets with its explosive growth and massive returns.
But here is an interesting fact to convey the magnitude of growth this industry is bound to go through in the future: ecommerce still accounts for less than 14 percent of all the stuff that Americans buy. That means the ecommerce revolution is still getting started, and now is the best time to pile into ecommerce stocks.
The global e-commerce market was able to reach unprecedented heights, with significant sales growth last year. E-commerce sales grew by about 33.6% in 2020, reaching $799.18 billion. In 2021, e-commerce sales are expected to grow even further by 13.7% to reach $908.73 billion, as people get accustomed to the new normal.
This development has resulted in the rising popularity of e-commerce companies on Wall Street. The consensus this year is so far leaning towards to belief that consumer behavior towards online retail will remain the way it is now even after the pandemic subsides. As such, big names in the e-commerce sector such as Amazon.com, Inc. (NASDAQ: AMZN), Walmart Inc. (NYSE: WMT), eBay Inc. (NASDAQ: EBAY), and Shopify Inc. (NYSE: SHOP) are gaining investor and analyst confidence as they spread their wings in the pandemic’s online environment.
At the same time, traditional retailers are the ones facing the brunt of the pandemic-induced financial drop in the global economy. Bloomberg has reported that ten of the largest public US companies in retail lost about $38 billion in revenue in 2020, while the online retail market grows exponentially and is facing a boom in business. The e-commerce market is expected to reach $16,215.6 billion in valuation by 2027, growing at a CAGR of 22.9% between last year and the forecasted year while traditional retailers continue to suffer huge financial losses. As such, the global e-commerce market is steadily becoming one of the best investment options for investors across the globe.
The coronavirus crisis changed the retail industry and shopping trends forever. The pandemic also upended the financial markets and the hedge fund industry is still feeling its effects. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and May 28th, 2021, our monthly newsletter’s stock picks returned 206.8%, vs. 91.0% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017, and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.
Kite_rin/Shutterstock.com
Without further ado, let’s look at the 12 best ecommerce stocks to invest in. Keeping the above in mind, we have compiled a list of the best ecommerce stocks to invest in. The stocks added to our list were selected on the basis of hedge fund sentiment, analysts’ ratings, fundamentals, and growth potential based on core business strengths.
Best Ecommerce Stocks to Invest In
12. Jumia Technologies AG (NYSE: JMIA)
Number of Hedge Fund Holders: 16
Jumia Technologies AG (NYSE: JMIA) is an e-commerce platform operating in Africa, Portugal, Germany, and the UAE. The company’s platform includes a marketplace that connects buyers to sellers and also enables the shipment and delivery of packages. The company ranks 12th on our list of the best ecommerce stocks to invest in.
This May, Jumia Technologies AG (NYSE: JMIA) was reportedly still rising since the company’s reported losses in Q1 began to decrease, as operating losses fell by 23%, while adjusted EBITDA losses fell by 24%. In the first quarter of 2021, Jumia Technologies AG (NYSE: JMIA) brought in $33.26 million in revenue, up 5.1% year over year but missing estimates by $10.1 million. The company has a gross profit margin of 68.86%.
By the end of the first quarter of 2021, 16 hedge funds held stakes in Jumia Technologies AG (NYSE: JMIA) worth roughly $123 million. This is compared to 13 hedge fund holders in the previous quarter with a total stake value of approximately $241 million. Like Amazon.com, Inc. (NASDAQ: AMZN), Walmart Inc. (NYSE: WMT), eBay Inc. (NASDAQ: EBAY), and Shopify Inc. (NYSE: SHOP), this is a good e-commerce stock to invest in.
11. Overstock.com, Inc. (NASDAQ: OSTK)
Number of Hedge Fund Holders: 31
Overstock.com, Inc. (NASDAQ: OSTK) is an online retailer operating in the US. The company operates through Retail, tZERO, and Medici Ventures. It offers a range of products including furniture, home décor, kitchen, and dining items, among others, and ranks 11th on our list of the best ecommerce stocks to invest in.
This June, Overstock.com, Inc. (NASDAQ: OSTK) was seen to be gaining in light of reports that tZERO, the crypto trading platform, would be sold. The company is reportedly looking for a strategic partner, according to Coindesk, to either take over tZERO or make it public through a SPAC. The stock also received positive responses after announcing that its revenue beat consensus estimates for the first quarter. In the first quarter of 2021, Overstock.com, Inc. (NASDAQ: OSTK) had an EPS of $0.33, beating estimates by $0.12, while its revenue of $659.86 million was up 87.69% year over year and beat estimates by $77.51 million. The company has a gross profit margin of 22.96% and the stock has gained 103.34% in the past 6 months and 97.21% year to date.
By the end of the first quarter of 2021, 31 hedge funds held stakes in Overstock.com, Inc. (NASDAQ: OSTK) worth roughly $168 million. This is compared to 24 hedge fund holders in the previous quarter with a total stake value of approximately $157 million. Like Amazon.com, Inc. (NASDAQ: AMZN), Walmart Inc. (NYSE: WMT), eBay Inc. (NASDAQ: EBAY), and Shopify Inc. (NYSE: SHOP), this is a good e-commerce stock to invest in.
10. Chewy, Inc. (NYSE: CHWY)
Number of Hedge Fund Holders: 32
Chewy, Inc. (NYSE: CHWY) is an e-commerce business operating in the US. It offers pet food, treats, supplies, and medications, alongside other pet-related products through its retail website, chewy.com. The company ranks 10th on our list of the best ecommerce stocks to invest in.
On June 10th, Chewy, Inc. (NYSE: CHWY) offered guidance for the year with expected full-year revenue of $8.9 billion to $9 billion. The company has also announced its partnership with Freshpet on vital brand products for this year and was among the gainers in the retail sector last month. In their fiscal first quarter of 2022 report, Chewy, Inc. (NYSE: CHWY) had an EPS of $0.09, beating estimates by $0.11, while its $2.14 billion revenue, up 31.69% year over year, beat estimates by $6.08 million. It also has a gross profit margin of 26.53% and the stock has gained 83.22% in the past year.
By the end of the first quarter of 2021, 32 hedge funds held stakes in Chewy, Inc. (NYSE: CHWY) worth roughly $433 million. This is compared to 38 hedge fund holders in the previous quarter with a total stake value of approximately $728 million. Like Amazon.com, Inc. (NASDAQ: AMZN), Walmart Inc. (NYSE: WMT), eBay Inc. (NASDAQ: EBAY), and Shopify Inc. (NYSE: SHOP), this is a good e-commerce stock to invest in.
Nelson Capital Management, an investment management firm, mentioned Chewy, Inc. (NYSE: CHWY) in its fourth-quarter 2020 investor letter. Here’s what they said:
“One of our investment themes over the last several years has been the “humanization of pets,” which refers to the increasing amount of time and money that people are devoting to their animals. This theme has become even more evident during the pandemic, as many families and individuals have adopted pets while spending more time at home. Today, more than 85 million US households have pets. In 2015, roughly 7% of pet products in the U.S. were bought online. By 2019, that number had increased to 22%. Moreover, the pandemic has caused pet parents, new and experienced alike, to sign up for delivery of pet supplies in order to avoid trips to physical stores. 72% of pet owners made at least one online purchase for their pets in the past 12 months and 39% of those were subscription-based purchases.
Chewy (tkr: CHWY) is the largest pure-play pet “e-tailer” in the world, offering “the personalized service of a neighborhood pet store combined with the convenience and speed of e-commerce.” The company was founded in 2011 and was bought by PetSmart in 2017, for $3 billion. In June, 2019, Chewy went public. All of its sales are currently U.S.-based. The company has co-headquarters with one facility in Dania Beach, Florida and one in Boston, Massachusetts, and employs about 12,000 people. Chewy offers a selection of high-quality pet food, treats, supplies, and pet healthcare products.” (Click here to see the full text)
9. eBay Inc. (NASDAQ: EBAY)
Number of Hedge Fund Holders: 51
EBay Inc. (NASDAQ: EBAY) operates an online marketplace that connects buyers and sellers worldwide and includes its website and mobile applications. The company ranks 9th on our list of the best ecommerce stocks to invest in.
This June, eBay Inc. (NASDAQ: EBAY) announced the expansion of its Authenticity Guarantee service to now include handbags, while its deal with Adevinta was also closed, leaving the company the largest shareholder in Adevinta with a 44% stake and 33.3% voting shares, alongside two board seats. The stock was also on the rise last month after the CEO of eBay Inc. (NASDAQ: EBAY) mentioned interest in NFTs and cryptocurrency for payments. In the first quarter of 2021, eBay Inc. (NASDAQ: EBAY) had an EPS of $1.09, beating estimates by $0.02. Its revenue was $3.02 billion, up 27.34% year over year and beating estimates by $53.21 million, and it has a gross profit margin of 74.98%. EBay Inc. (NASDAQ: EBAY) has gained 40.28% in the past 6 months and 36.87% year to date.
By the end of the first quarter of 2021, 51 hedge funds held stakes in eBay Inc. (NASDAQ: EBAY) worth roughly $3.76 billion. This is compared to 53 hedge fund holders in the previous quarter with a total stake value of approximately $4.01 billion.
8. Etsy, Inc. (NASDAQ: ETSY)
Number of Hedge Fund Holders: 53
Etsy, Inc. (NASDAQ: ETSY) operates online marketplaces to connect buyers and sellers in the US, the UK, Canada, Germany, Australia, France, and India. The company’s platforms include Etsy.com and Reverb.com. It ranks 8th on our list of the best ecommerce stocks to invest in.
On June 28th, Etsy, Inc. (NASDAQ: ETSY) confirmed its acquisition of the marketplace Elo7 for about $217 million, while earlier this month the company had also confirmed another acquisition of Depop, a marketplace for fashion, brought in with $1.625 billion in cash. After receiving news of the Depop acquisition, Cathie Wood’s ARK Invest bought yet another 157,181 shares of the stock, doubling its previous stake. Atlantic Equities has also begun to cover Etsy, Inc. (NASDAQ: ETSY) with an Overweight rating and a price target of $200 with 20% upside potential, in light of the firm’s positive response to the stock’s performance.
In the first quarter of 2021, Etsy, Inc. (NASDAQ: ETSY) had an EPS of $1.07, beating estimates by $0.16. Its revenue was $550.65 million, up 141.45% year over year and beating estimates by $20.28 million. The company has a gross profit margin of 74.36% and the stock has gained 13.84% in the past 6 months and 17.7% year to date.
By the end of the first quarter of 2021, 53 hedge funds held stakes in Etsy, Inc. (NASDAQ: ETSY) worth roughly $1.64 billion. This is compared to 56 hedge fund in the previous quarter with a total stake value of approximately $1.96 billion. Like Amazon.com, Inc. (NASDAQ: AMZN), Walmart Inc. (NYSE: WMT), eBay Inc. (NASDAQ: EBAY), and Shopify Inc. (NYSE: SHOP), this is a good e-commerce stock to invest in.
Polen Capital, an investment management firm, mentioned Etsy, Inc. (NASDAQ: ETSY) in its first-quarter 2021 investor letter. Here’s what they said:
“Etsy continued to be a top contributor in the Portfolio during the first quarter. Etsy experienced record levels of demand in 2020. Throughout the beginning of this year, the business has continued to see accelerated growth trends. The company’s recently announced fourth quarter results provided numerous data points that highlight Etsy’s success in both broadening and deepening the relationship it has with buyers and sellers on its platform. In fact, Etsy now stands as the fourth largest e commerce site in the U.S. Repeat buyers have grown nearly 100% year-over-year, despite mask sales, which grew rapidly at the onset of the pandemic, shrinking to less than 5% of sales.
We continue to believe Etsy remains in the early stages of growing out its platform.
We remain confident in its ability to compound its value for shareholders at an attractive rate going forward.”
7. Pinduoduo Inc. (NASDAQ: PDD)
Number of Hedge Fund Holders: 56
Pinduoduo Inc. (NASDAQ: PDD) is an e-commerce company operating a platform in China. The Pinduoduo mobile platform offers various products like apparel, shoes, bags, mother and childcare products, and others. The company ranks 7th on our list of the best ecommerce stocks to invest in.
This May, Pinduoduo Inc. (NASDAQ: PDD) reported that it was able to narrow its non-GAAP operating and net losses in the latest quarter’s earnings report. In the first quarter of 2021, Pinduoduo Inc. (NASDAQ: PDD) had an EPS of -$0.24, beating estimates by $-.14, while its revenue was $3.47 billion, up 278.06% year over year and beat estimates by $269.66 million. The company has a gross profit margin of 62.47% and the stock has gained 55.58% in the past year.
By the end of the first quarter of 2021, 56 hedge funds held stakes in Pinduoduo Inc. (NASDAQ: PDD) worth roughly $6.29 billion. This is compared to 54 hedge fund holders in the previous quarter with a total stake value of approximately $10.5 billion. Like Amazon.com, Inc. (NASDAQ: AMZN), Walmart Inc. (NYSE: WMT), eBay Inc. (NASDAQ: EBAY), and Shopify Inc. (NYSE: SHOP), this is a good e-commerce stock to invest in.
Tao Value, an investment management firm, mentioned Pinduoduo Inc. (NASDAQ: PDD) in its first-quarter 2021 investor letter. Here’s what they said:
“Pinduoduo reported a strong quarter, reporting MAU of 720 million, now surpassing Taobao. However, it was overshadowed by a bigger news on Colin Huang resigning from Board and completely disassociating himself from PDD’s management & operation. Huang explained in his letter to shareholders that he would start fundamental research initiatives in food science. Although not entirely shocked (as he already stepped down from CEO July 2020), I am surprised by the fast pace of such transition. I remain confident in the organization and the culture Huang built but will monitor it closely.”
6. Walmart Inc. (NYSE: WMT)
Number of Hedge Fund Holders: 58
Walmart Inc. (NYSE: WMT) is a retail giant operating in the US and internationally. The company operates e-commerce websites alongside supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and other businesses. It ranks 6th on our list of the best ecommerce stocks to invest in.
Despite not being a traditional e-commerce company, Walmart Inc.’s (NYSE: WMT) e-commerce strategy has resulted in a 37% increase in online sales in the first quarter of 2021, worth $17.2 billion, while e-commerce sales grew 79% in the previous fiscal year. This June, Walmart Inc. (NYSE: WMT) announced its launch of a more affordable brand of insulin, sold at $73 a vial, resulting in the stock receiving positive responses. Citigroup reiterated a Buy rating on Walmart Inc. (NYSE: WMT) as well, with an expectation of margin gains and sales growth in the near future. In the fiscal first quarter of 2022, Walmart Inc. (NYSE: WMT) had an EPS of $1.69, beating estimates by $0.48. Its revenue was $137.16 billion, up 2.61% year over year and beating estimates by $5.04 billion. Walmart Inc. (NYSE: WMT) has a gross profit margin of 25.1% and has gained 14.63% in the past year.
By the end of the first quarter of 2021, 58 hedge funds held stakes in Walmart Inc. (NYSE: WMT) worth roughly $5.88 billion. This is compared to 70 hedge fund holders in the previous quarter with a total stake value of approximately $6.19 billion.
5. The Home Depot, Inc. (NYSE: HD)
Number of Hedge Fund Holders: 68
The Home Depot, Inc. (NYSE: HD) is a home improvement retailer that operates the Home Depot stores selling a range of building materials, home improvement products, and other related items. The company has one of the largest e-commerce businesses in the US and ranks 5th on our list of the best ecommerce stocks to invest in.
This month, The Home Depot, Inc. (NYSE: HD) added a new online rental facility in about 1,300 rental locations, with the new technology allowing customers to reserve rental equipment 30 days in advance online, to be picked up when needed from the store. In a channel check by Wells Fargo this June, The Home Depot, Inc. (NYSE: HD) received positive responses, and an Overweight rating was maintained. J.P. Morgan has also mentioned that The Home Depot, Inc. (NYSE: HD) is among its top consumer stock picks. In the fiscal first quarter of 2022, The Home Depot, Inc. (NYSE: HD) had an EPS of $3.86, beating estimates by $0.81. The company’s revenue was $37.5 billion, up 32.7% year over year and beating estimates by $2.87 billion. The company has a gross profit margin of 33.94% and the stock has gained 19.81% in the past 6 months and 20.58% year to date.
By the end of the first quarter of 2021, 68 hedge funds held stakes in The Home Depot, Inc. (NYSE: HD) worth roughly $4.35 billion. This is compared to 79 hedge fund holders in the previous quarter with a total stake value of approximately $4.92 billion.
Ensemble Capital, an investment management firm, mentioned The Home Depot, Inc. (NYSE: HD) in its first-quarter 2021 investor letter. Here’s what they said:
“Notable contributors to the Fund’s returns this quarter (included) Home Depot. Home Depot (8.9% weight in the Fund) continued to benefit from a red-hot housing and home improvement market, delivering record financial performance in 2020. As a high return on invested capital business, any step-up in growth results in considerable shareholder value creation. While 2021 comparable sales may not yield impressive headline results, we believe there are several secular tailwinds supporting continued housing investment, including millennials entering prime household formation/peak earnings years, relatively low interest rates, and government policies.
Home Depot (8.9% weight in the Fund): The big orange sign of Home Depot is a familiar sight for homeowners across the country. Despite the rise of Amazon, Home Depot has generated outstanding results for shareholders during the rise of eCommerce, even as Home Depot’s end market in housing suffered the worst collapse in a century. Over the last fifteen years, a period which began at the peak of the housing bubble, Home Depot’s stock has generated annual returns of 17% a year, outperforming the S&P 500 by approximately 7% a year.” (Click here to see the full text)
4. JD.com, Inc. (NASDAQ: JD)
Number of Hedge Fund Holders: 75
JD.com, Inc. (NASDAQ: JD) is an e-commerce company and retail infrastructure provider in China. The company has two segments: JD Retail, and New Businesses. It ranks 4th on our list of the best ecommerce stocks to invest in.
This May, JD Logistics under JD.com, Inc. (NASDAQ: JD) rose 3% and raised $3.1 billion in the second-largest IPO in Hong Kong so far this year. In the first quarter of 2021, JD.com, Inc. (NASDAQ: JD) had an EPS of $0.38, beating estimates by $0.03. Its revenue was $31.57 billion, up 53.34% year over year and beating estimates by $1.6 billion. The company has a gross profit margin of 7.92% and JD.com, Inc. (NASDAQ: JD) has gained 32.52% in the past year.
By the end of the first quarter of 2021, 75 hedge funds held stakes in JD.com, Inc. (NASDAQ: JD) worth roughly $11.3 billion. This is compared to 89 hedge fund holders in the previous quarter with a total stake value of approximately $14.39 billion.
Arisaig Partners, an investment management firm, mentioned JD.com, Inc. (NASDAQ: JD) in their first-quarter 2021 investor letter. Here’s what they said:
“Our largest holding as a firm, JD.com, we expect to grow earnings at an annualised rate of 30% over the next five years, implying it will trade on an EV / EBITDA of 7.5x at the end of this period. Is this a growth stock or a value stock? Does anyone care? Do these labels really matter?
For the Asia Fund, with a higher pre-existing allocation to our core FMCG holdings coming into the year, we took advantage of capital market volatility to further concentrate on our highest conviction names. JD.com has been the main destination for our limited reallocations as evidence continues to emerge supporting our thesis that the company has a strong right-to-win in the large and highly fragmented USD1.8th Chinese grocery market. We have also been encouraged by the fact that after years of persistence, the company is beginning to engage with us on ESG issues (we have specifically discussed data protection, climate change and the circular economy). ESG is now being considered at the board level, and specific sustainability reporting should follow in the coming months. Having long displayed a healthy obsession with customer service, we interpret these latest conversations as a sign that JD is beginning to develop a more sophisticated understanding of its impact on all stakeholders.”
3. Shopify Inc. (NYSE: SHOP)
Number of Hedge Fund Holders: 91
Shopify Inc. (NYSE: SHOP) is a commerce company operating in Canada, the US, the UK, Australia, Latin America, and internationally. The company’s platform allows merchants to run their businesses on a range of sales channels including web and mobile storefronts and social media channels. It ranks 3rd on our list of the best ecommerce stocks to invest in.
On June 30th, despite investors’ disappointment at Shopify Inc.’s (NYSE: SHOP) Unite 2021 event, analysts from Loop Capital, RBC, and Jefferies stepped in to defend the stock. Loop Capital reiterated its Buy rating on the stock, with an increased price target of $1,600, and analyst Anthony Chukumba saying he felt more confident in Shopify Inc.’s (NYSE: SHOP) future growth. RBC also increased its price target to $1,700, while Jefferies has a Buy rating on the stock as well. Shopify Inc. (NYSE: SHOP) has announced a new Online Store and Shopify Theme Store launch as well and has furthered its partnership with Facebook, Inc. (NASDAQ: FB) and Alphabet Inc. (NASDAQ: GOOG) by making its one-click checkout available to sellers on Facebook and Google.
In the first quarter of 2021, Shopify Inc. (NYSE: SHOP) had an EPS of $2.01, beating estimates by $1.26. The company’s revenue was $988.65 million, up 110.35% year over year and beating estimates by $127.56 million. It has a gross profit margin of 53.46% and the stock has gained 31.01% in the past 6 months and 35.76% year to date.
By the end of the first quarter of 2021, 91 hedge funds held stakes in Shopify Inc. (NYSE: SHOP) worth roughly $9.98 billion. This is compared to 90 hedge fund holders in the previous quarter with a total stake value of approximately $8.72 billion.
2. Alibaba Group Holding Limited (NYSE: BABA)
Number of Hedge Fund Holders: 135
Alibaba Group Holding Limited (NYSE: BABA) provides online and mobile commerce businesses in China and internationally. The company operates various online wholesale markets including AliExpress, Lazada, and Tmall Global, among others. It ranks 2nd on our list of the best ecommerce stocks to invest in.
On June 21st, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) and Alibaba Group Holding Limited (NYSE: BABA) added two years to their partnership enabling the latter’s e-commerce merchants to book sea freight and other services from the former. In the fiscal fourth quarter of 2021, Alibaba Group Holding Limited (NYSE: BABA) had an EPS of $1.60, missing estimates by -$0.17. Its revenue was $29.05 billion, up 81.18% year over year and beating estimates by $1.13 billion. Alibaba Group Holding Limited (NYSE: BABA) has a gross profit margin of 41.28% and has gained 0.7% year to date.
By the end of the first quarter of 2021, 135 hedge funds held stakes in Alibaba Group Holding Limited (NYSE: BABA) worth roughly $15.49 billion. This is compared to 156 hedge fund holders in the previous quarter with a total stake value of approximately $17.89 billion.
Polen Capital Management recently released its Q1 2021 Investor Letter, where it mentioned Alibaba Group Holding Limited (NYSE: BABA). Here’s what they said:
“Alibaba also detracted from performance as the company continues to remain under regulatory scrutiny from both the Chinese State Administration for Market Regulation on antitrust concerns and the U.S. Securities and Exchange Commission on ADR listing requirements. Despite the regulatory overhang, we believe that Alibaba’s competitive positioning and growth outlook remains intact, even if the company must pay fines or modify some business practices. We viewed the current valuation at <20x next twelve month’s earnings as a compelling opportunity to add to our position. Alibaba is the second largest position in the Portfolio.”
1. Amazon.com, Inc. (NASDAQ: AMZN)
Number of Hedge Fund Holders: 243
Amazon.com, Inc. (NASDAQ: AMZN) is a tech giant operating in the retail sale of consumer products and subscriptions in the US and internationally. The company has three segments, North America, International, and Amazon Web Services. It ranks 1st on our list of the best ecommerce stocks to invest in.
On June 29th, Amazon.com, Inc. (NASDAQ: AMZN) acquired SmartLess rights for about $60-80 million, with new episodes due to appear on Amazon Music and Wondery this August. This month, Switzerland’s leading telecom company Swisscom also picked Amazon.com, Inc. (NASDAQ: AMZN) as its partner in public cloud provision. In the first quarter of 2021, Amazon.com, Inc. (NASDAQ: AMZN) had an EPS of $15.79, beating estimates by $6.15. The company’s revenue of $108.52 billion was up 43.82% year over year and beat estimates by $3.89 billion. The stock has gained 5.87% in the past 6 months and 8.21% year to date, while Amazon.com, Inc. (NASDAQ: AMZN) also has a gross profit margin of 40.48%.
By the end of the first quarter of 2021, 243 hedge funds held stakes in Amazon.com, Inc. (NASDAQ: AMZN) worth roughly $50.4 billion. This is compared to 273 hedge fund holders in the previous quarter with a total stake value of approximately $51.5 billion.
You can also take a peek at the 15 Best Retail Stocks for 2021 and Top 15 Online Shopping Websites in 2020.
Follow Insider Monkey on Twitter
Suggested articles:
- 15 Best E-Commerce Stocks To Buy Now
- 15 Fastest Growing E-Commerce Companies in 2020
- 10 Best Retail Stocks To Buy Now
Disclosure: None. 12 Best Ecommerce Stocks to Invest In is originally published on Insider Monkey.
