Ecommerce Continues the Long Term Power Trend

ComScore (NASDAQ:SCOR) estimates U.S. retail e-commerce spending rose 13% versus year ago. This growth rate represented the eighth consecutive quarter of positive year-over-year growth, and fourth consecutive quarter of double-digit growth rates. It’s estimated 74% of all U.S. Internet users made a purchase during the quarter as evidenced by Amazon’s (NASDAQ:AMZN) North American sales rising 44% Y/Y in Q3, while eBay’s (NASDAQ:EBAY) Marketplaces revenue grew 14%.

According to ComScore data dating back to 2007, the highest U.S. percentage increase was seen in Q2 and Q3 of 2007 with 23% y/y change, respectively. Q3 dropped 1% from Q2 in 2011 comparatively and y/y percentage change ended at 13% which resulted in $36B. The 13% growth in the quarter was primarily a function of an increase in the number of buyers (up 22%), with 74 percent of all Internet users making at least one online purchase in the quarter. The top-performing online product categories were: Digital Content & Subscriptions, Event Tickets, Jewelry & Watches, Consumer Electronics (excl. computer peripherals) and Computer Software. Each category grew at least 15% vs. year ago.

“The third quarter of 2011 saw a continuation of the year’s strength in U.S. retail e-commerce spending, even in the face of renewed economic headwinds and uncertainty facing the U.S. consumer,” said comScore chairman Gian Fulgoni. “As we approach the critical holiday shopping season, we are optimistic about the continued health of the e-commerce sector despite other factors – including stubbornly high unemployment and volatile financial markets – currently weighing on the economy. More consumers than ever before are relying on the online channel for product and pricing information, which along with the Internet’s fundamental appeal of convenience and attractive pricing, are contributing to the sustained upward momentum in e-commerce spending,” according to comScore.

Here are how top ecommerce players are trading now:

  • Amazon.com Inc. (NASDAQ:AMZN): The shares recently traded at $211.31, down $6.68, or 3.06%. Its market capitalization is $96.09 billion. They have traded in a 52-week range of $156.77 to $246.71. Volume today was 3,221,853 shares versus a 3-month average volume of 6,858,430 shares. The company’s trailing P/E is 111.39, while trailing earnings are $1.90 per share. About the company: Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company’s products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers. Get the most recent company news and stock data here >>
  • eBay Inc. (NASDAQ:EBAY): The shares recently traded at $31.24, down $1.68, or 5.1%. Its market capitalization is $40.32 billion. They have traded in a 52-week range of $26.86 to $35.35. Volume today was 5,334,132 shares versus a 3-month average volume of 14,010,300 shares. The company’s trailing P/E is 22.78, while trailing earnings are $1.37 per share. About the company: eBay Inc. operates an online trading community. The Company’s service is used by buyers and sellers for the exchange of products and services such as coins, collectibles, computers, memorabilia, stamps and toys, as well as concert and sporting tickets. eBay also offers, through a subsidiary, secure online payment services. Get the most recent company news and stock data here >>
  • Blue Nile Inc. (NASDAQ:NILE): The shares recently traded at $33.57, down $15.24, or 31.22%. Its market capitalization is $478.81 million. They have traded in a 52-week range of $30.32 to $64.45. Volume today was 2,573,092 shares versus a 3-month average volume of 259,903 shares. The company’s trailing P/E is 35.34, while trailing earnings are $0.95 per share. About the company: Blue Nile, Inc. is an online retailer of diamonds and fine jewelry. The Company’s Web site showcases various independently certified diamonds and various styles of fine jewelry, including rings, wedding bands, earrings, necklaces, pendants, bracelets, and watches. Get the most recent company news and stock data here >>
  • Google Inc. (NASDAQ:GOOG): The shares recently traded at $600.11, down $12.23, or 2%. Its market capitalization is $194.37 billion. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 2,603,096 shares versus a 3-month average volume of 3,604,700 shares. The company’s trailing P/E is 20.46, while trailing earnings are $29.34 per share. About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. Get the most recent company news and stock data here >>
  • Yahoo! Inc. (NASDAQ:YHOO): The shares recently traded at $16.04, up $0.07, or 0.44%. Its market capitalization is $20.20 billion. They have traded in a 52-week range of $11.09 to $18.84. Volume today was 33,250,148 shares versus a 3-month average volume of 35,463,300 shares. The company’s trailing P/E is 19.51, while trailing earnings are $0.82 per share. About the company: Yahoo! Inc. is a global Internet media company that offers an online guide to Web navigation, aggregated information content, communication services, and commerce. The Company’s site includes a hierarchical, subject-based directory of Web sites, which enables users to locate and access information and services through hypertext links included in the directory. Get the most recent company news and stock data here >>

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