No Christmas Break for Online Shoppers

The on-line shopping boom continued over Christmas according to data released by IBM (NYSE:IBM), which tracks 500 websites, including numero uno Amazon (NASDAQ:AMZN).

Online shopping on Christmas Day jumped 16.4% compared to last year, and more significantly, the value of purchases via mobile devices rose a whopping 172.9%.

Most of this increase was contributed by hand-helds such as iPhones (NASDAQ:AAPL), iPads and Android (NASDAQ:GOOG) mobile devices.
In another example of the iPad’s success, it accounted for nearly 7% of all online purchases. Clearly, the convenience of online shopping and the iPad’s user-friendly interface has combined here in a big way.

The uptick in online sales is expected to continue long after Christmas.

Here’s how these stocks ended 2011:

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $405.00, down $0.12, or 0.03%. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 6,420,530 shares versus a 3-month average volume of 16,160,800 shares. The company’s trailing P/E is 14.63, while trailing earnings are $27.68 per share.

Amazon.com Inc. (NASDAQ:AMZN): AMZN shares recently traded at $173.10, down $0.76, or 0.44%. They have traded in a 52-week range of $160.59 to $246.71. Volume today was 4,280,263 shares versus a 3-month average volume of 6,686,860 shares. The company’s trailing P/E is 91.25, while trailing earnings are $1.90 per share.

International Business Machines Corp. (NYSE:IBM): IBM shares recently traded at $183.88, down $2.3, or 1.24%. They have traded in a 52-week range of $146.64 to $194.90. Volume today was 3,531,804 shares versus a 3-month average volume of 5,512,840 shares. The company’s trailing P/E is 14.49, while trailing earnings are $12.69 per share.

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $645.90, up $3.5, or 0.54%. They have traded in a 52-week range of $473.02 to $646.76. Volume today was 1,782,859 shares versus a 3-month average volume of 3,051,360 shares. The company’s trailing P/E is 22.02, while trailing earnings are $29.34 per share.

To contact the reporter on this story: Ashley Cloninger at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com