Zillow Group, Inc. (NASDAQ: ZG)
Zillow Group, Inc. is an online real estate marketplace based in the United States. The Internet, media, and technology (IMT) division of Zillow
generated $483 million in sales in Q4 2021, up 14% from the previous quarter, and $137 million in profitability before taxes. Zillow has also introduced new services, including mortgages and title insurance, to provide a one-stop-shopping experience for homebuyers. The company recently exited its struggling iBuying business and the company’s balance sheet appears to be on a stronger footing after making these changes to its business portfolio. With over 198 million monthly unique users, Zillow is the most popular online real estate database in the United States. The company has reported positive revenue growth in each of the last 10 years, and a continuation of this trend can be expected as the company focuses more on improving its brand value and services offered.
PlantX Life Inc. (OTCQB: PLTXF / CSE: VEGA.CN)
PlantX is a Canadian e-commerce platform known for being the digital face of all things plant-based. The company, which has over 5,000 vegan products, meal delivery services, and indoor plant delivery services, is quickly becoming a go-to plant-based e-commerce brand. PlantX reported a strong third-quarter 2022 performance, with revenue exceeding C$2.7 million, representing a 201% increase year-over-year. Acquisitions and partnerships are two of PlantX’s key growth strategies. The company recently announced a partnership with BESTIES Vegan Paradise (“BESTIES”) to redesign and rebrand XMarket brick-and-mortar stores in Venice and Hillcrest, California, and BESTIES is also a pioneer in the plant-based industry, having won the “Best Grocery Store” award in the VegNews Veggie Awards for the past two years. PlantX is focused on onboarding innovative plant-based product manufacturers onto its online platform, and the BESTIES partnership is one such measure that could unlock growth opportunities for the company. PlantX are becoming a leading player in the growing plant-based industry and as such is likely to benefit from large growth in their consumer base. Analysts are suggesting
PlantX may be experiencing a major recovery and as such, now may be the perfect time to get in.
Walgreens Boots Alliance, Inc. (NASDAQ: WBA)
is an American pharmacy-led health and beauty retailer that enjoys the highest share of the e-pharmacy market in the United States, and the company generated revenue of $33.76 billion generated in the second quarter of fiscal 2022. Although investors were concerned about slowing vaccine rates and increased investments in healthcare initiatives, the company benefited from customers stocking up on other health and wellness items, as well as sales of over-the-counter medications. With the healthcare industry laser-focused on digitalization, Walgreens seems to be well-positioned to grow by capitalizing on its online presence.
The e-commerce industry was once thought to be limited only to tech companies, but today, every major business industry from education to food products and healthcare is embracing this booming sector. With many companies wanting to sell their products and services online, the enthusiasm surrounding the e-commerce sector is likely to remain strong for many years to come. The companies introduced in this analysis seem to be making steady progress toward making a name for themselves as category leaders.