Google Inc. (GOOG) is taking on Amazon.com, Inc. (AMZN) by ramping up its same-day delivery service,Shopping Express. According to Re/code, the search giant has earmarked $500 million to expand its delivery services nationwide. The company has not verified the investment yet, but it is definitely ramping up say sources close to the matter. According to Google Shopping Express chief Tom Fallows, the company is putting a lot of money into the service and expects to sustain the investment as the service continues to grow. Amazon.com, Inc. (NASDAQ:AMZN) net profit margin is 0.40% and weekly performance is 2.77%. On last trading day company shares ended up $333.55. Analysts mean target price for the company is $414.32. Amazon.com, Inc. (NASDAQ:AMZN) distance from 50-day simple moving average is 6.07%.
On June 11,2014 China’s e-commerce giant Alibaba launched an American shopping website Wednesday and announced its third major acquisition in a week, in an effort to raise its global profile ahead of a widely anticipated listing in New York. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) shares fell 5.05% in last trading session and ended the day on $12.61. DANG Gross Margin is 17.70% and its return on assets is -1.90%. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) quarterly performance is -1.87%.
Investment analysts at Jefferies Group initiated coverage on shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) in a note issued to investors on Wednesday. The firm set a “buy” rating and a $240.00 price target on the stock. Vipshop Holdings Ltd – ADR (NYSE:VIPS) shares moved down -1.73% in last trading session and was closed at $195.53, while trading in range of $194.85-$200.50. Vipshop Holdings Ltd – ADR (NYSE:VIPS) year to date performance is 133.66%.
MercadoLibre (NASDAQ:MELI) is in a great position to cash in on the growing Internet use Brazil, JPMorgan analyst Andre Baggio said in a research report Monday.Mercadolibre Inc (NASDAQ:MELI) ended the last trading day at $94.14. Company weekly volatility is calculated as 3.32% and price to cash ratio as 19.02. Mercadolibre Inc (NASDAQ:MELI) showed a positive weekly performance of 0.28%.
Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) raised its net revenues guidance for the second quarter to a range of $86 million to $88 million Friday morning, from the prior estimate of $84 million to $86 million. Analysts expect the company to report revenues of $85.35 million. Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) net profit margin is -5.80% and weekly performance is -0.47%. On last trading day company shares ended up $6.39. Analysts mean target price for the company is $6.00. Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) distance from 50-day simple moving average is 19.28%.