3 Internet Stocks Better Than Amazon.com (AMZN)

[Investing Insights Daily]( September 14th, 2023 SPONSORED AD [We Could Be Less Than 3 Months Out from an AI Superevent]( According to one of the world's top AI scientists, there's a major event coming as soon as three months from today that could cause expensive tech stocks like Microsoft, Google, and NVIDIA to double or triple in price in the months ahead... but whatever you do, don't go all in on big tech before you have all the details. [Click here.]( [3 Internet Stocks Better Than Amazon.com (AMZN)]( The persistent wave of digitalization and the presence of smartphones continue to drive substantial growth in internet usage. Additionally, the internet industry’s outlook is strengthened by the swift adoption of Artificial Intelligence (AI) and the widespread expansion of 5G connectivity. Against the backdrop, in this article, I have evaluated the fundamentals of three robust internet stocks, Booking Holdings Inc. ([BKNG]( – [Get Rating]( Fiverr International Ltd. ([FVRR]( – [Get Rating]( and Expedia Group, Inc. ([EXPE]( – [Get Rating]( which could be better buys than Amazon.com, Inc. ([AMZN]( – [Get Rating](. AMZN, the global e-commerce and technology behemoth that reshaped the retail landscape, recently announced its fiscal second-quarter results, exceeding analysts’ expectations. However, the company seems to exhibit a stretched valuation and has comparatively lower profitability when benchmarked against its industry peers. For instance, in terms of forward non-GAAP [P/E]( AMZN is trading at 65.84x, 354.9% higher than the industry average of 14.47x. The stock’s forward EV/Sales of 2.78x is 144.3% higher than the 1.14x industry average. Furthermore, the stock’s forward Price/Sales ratio of 2.59x is 205.6% higher than the 0.85x industry average. On the profitability side, AMZN’s trailing-12-month net income margin of 2.43% is 43.9% lower than the 4.33% industry average. Likewise, its trailing-12-month EBIT margin of 3.29% is 54.8% lower than the industry average of 7.28%. On the other hand, the internet industry’s outlook is brightened by widespread internet usage and the growing number of 5G connections worldwide. At the beginning of the third quarter of 2023, around 5.19 billion people across the globe were using the internet, constituting [64.5% of the total global population](. Furthermore, the global 5G connections are set to exceed 1.90 billion by the end of this year. This projection outlines an impressive trajectory, with forecasts indicating [6.80 billion global 5G connections]( by the conclusion of 2027. This indicates an annual average growth of nearly one billion new connections, underscoring the significant scope and impact of the 5G technology landscape. Considering these factors… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 Investing Insights Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019