The e-commerce sector has been on fire for a while in the post-COVID era, and while it did slow down a little along with most tech stocks, it has recovered significantly due to strong consumer demand. We’ve seen some players like Temu have explosive growth with cheap Chinese products flooding the U.S. market. And while there was a scare of De Minimis being ended, Trump has reinstated it. Moreover, U.S.-based e-commerce companies have also done well.
Global e-commerce sales are projected to hit $6.56 trillion this year and could grow even more in the coming years as AI improves logistics and supply chains. E-commerce companies are also expanding into fintech and cloud computing businesses.
If the broader market continues to do well in the coming quarters, this industry could deliver solid returns for investors. As such, it’s a good idea to look into the stocks spearheading the gains so far this year.
An e-commerce platform displaying a wide range of products to customers online.
Methodology
For this article, I screened the top-performing e-commerce stocks year-to-date. Stocks that I have covered recently will be excluded from this list.
I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
15. Bilibili Inc (NASDAQ:BILI)
Number of Hedge Fund Holders In Q4 2024: 21
Bilibili Inc (NASDAQ:BILI) provides entertainment services for young generations in China and is also linked to e-commerce.
The stock is up significantly so far in 2025 as its Q4 2024 earnings showed solid bottom-line and top-line growth. Bilibili posted its first-ever quarter of GAAP profitability in Q4 2024 and revenues grew 22% year-over-year to $1.06 billion for the quarter and 19% for the full year to $3.68 billion.
Moreover, it posted a 79% year-over-year increase in mobile gaming revenue for Q4, along with a 24% increase in advertising revenue for Q4. Operating cash flow surged to $191.9 million for Q4, up from $91 million a year earlier.
This has led analysts to lift their price targets as well.
The consensus price target of $20.33 implies 5.26% downside.
BILI is up 19.08% year-to-date.
14. IBEX Ltd (NASDAQ:IBEX)
Number of Hedge Fund Holders In Q4 2024: 15
IBEX Ltd (NASDAQ:IBEX) provides technology-enabled customer lifecycle experience solutions.
The stock is up significantly so far in 2025 after IBEX reported strong financial results for Q2 2025, with revenue of $140.7 million (up 6.1% year-over-year) and EPS of $0.61, a 79% increase from $0.34 in Q2 2024.
In addition, net income rose by 20%, and profit margins improved to 6.6% from 4.6%. The earnings exceeded analyst expectations by $6.72 million in revenue and $0.59 in adjusted EPS and drove a rally.
Earlier, IBEX completed a $70 million repurchase of shares and it secured three new client partnerships in Q1 FY2025.
The consensus price target of $25 implies 2.86% downside.
IBEX is up 19.29% year-to-date.