Social Media Stocks To Consider – August 9th

Shopify, Expedia Group, and GoDaddy are the three Social Media stocks to watch today, according to MarketBeat’s stock screener tool. Social media stocks are shares of publicly traded companies whose primary business involves operating online social networking platforms and related digital communication services. Investors buy these stocks to gain exposure to revenue streams driven by user engagement, advertising sales, and data‐driven monetization models. These companies had the highest dollar trading volume of any Social Media stocks within the last several days.

Shopify (SHOP)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.

Shares of SHOP traded down $1.46 during trading hours on Friday, hitting $149.61. The stock had a trading volume of 9,567,891 shares, compared to its average volume of 10,552,143. The firm has a 50-day moving average price of $117.50 and a 200 day moving average price of $107.85. Shopify has a fifty-two week low of $65.86 and a fifty-two week high of $156.85. The firm has a market capitalization of $194.10 billion, a price-to-earnings ratio of 96.52, a PEG ratio of 4.82 and a beta of 2.63.

Expedia Group (EXPE)

Expedia Group, Inc. operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.

NASDAQ:EXPE traded up $7.65 during trading hours on Friday, reaching $195.26. 6,966,447 shares of the company were exchanged, compared to its average volume of 1,580,907. Expedia Group has a twelve month low of $125.50 and a twelve month high of $213.00. The firm has a market cap of $24.82 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.61. The stock’s 50-day moving average is $176.65 and its 200-day moving average is $172.70. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92.

GoDaddy (GDDY)

GoDaddy Inc. engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.

Shares of GDDY traded down $16.87 during mid-day trading on Friday, reaching $133.38. The stock had a trading volume of 5,238,112 shares, compared to its average volume of 1,721,502. The company has a debt-to-equity ratio of 18.91, a current ratio of 0.56 and a quick ratio of 0.56. GoDaddy has a 52-week low of $132.73 and a 52-week high of $216.00. The business’s fifty day moving average is $171.43 and its 200 day moving average is $179.84. The firm has a market cap of $19.01 billion, a price-to-earnings ratio of 23.82 and a beta of 1.08.