7 Property Portal and Horizontal Marketplace Stocks Having a Bumper December

Back in August, we reported on five portal stocks growing nicely off the back of what appeared to be a sea change in the way people around the world thought about housing and where they were comfortable living. Today we return to take a look at some portal and marketplace company stocks seeing value growth at a time when despite long term optimism about what some are forecasting to be 'the roaring twenties', the second wave of Covid is a stressful reality in many countries.

Jumia (NYSE: JMIA)

The African horizontal classifieds company's stock has endured a torrid time since its IPO in 2019. The lawsuit surrounding fraud allegations that saw the price drop from $40 to just above $2 in March has been settled out of court, and the price has rallied to $31 on the back of a $243 million raise.

According to a company statement, “All 7,969,984 American depository shares (ADS) offered by Jumia have been sold at an average price of $30.51 per ADS, generating aggregate gross proceeds of $243.2 million,”

MercadoLibre (NASDAQ: MELI)

The South American company has become a true titan in its field and its stock has outperformed big tech stocks like Apple, Amazon and Google to become a darling of the NYSE. Short and medium-term returns for investors have been nothing short of fantastic all year, and the firm goes from strength to strength under the leadership of Marcos Galperín.

From an April low of $447, MercadoLibre's price has hit highs of $1675 over the last few days.

OnTheMarket (LON: OTMP)

As we reported on Tuesday, the British #3 portal's stock price has surged on the back of a strong trading statement. With new CEO Jason Tebb at the helm putting his experience as an estate agent to work to attract new customers, the outlook for OTM looks good as the share's value went from lows in March of GBX126 to highs of GBX140 earlier this month.

The PropTech Group (ASX: PTG)

Previously known as Real Estate Investar, The PropTech Group relisted under its new name on the ASX at the end of October and got off to a flying start. Demand for shares in Simon Baker's new venture has been strong with the company stating that it is actively looking for M&A opportunities in the blossoming world of PropTech. Having floated at A$0.28 the price hit A$0.48 earlier this week.

Zillow (NASDAQ: ZG)

Despite the impending challenge of fellow US heavyweight CoStar in residential real estate, analysts have been upgrading Zillow's stock recently, and having reached a nadir of $26 in March, Zillow's price has grown over 500% with the stock trading as high as $141 yesterday.

Scout24 (ETR: G24)

The German market-leading property portal saw one of the quickest rises in the sector after March lockdowns curtailed its business, going from €45 per share in March to €79 in August on the back of the group's divestment from its auto classifieds business and a strong national housing market. Since then the price tailed off to pre-Covid trading levels around $62 at the end of November.

In the last couple of weeks however, Scout24's share price has seen a mini-resurgence with its value growing to $68 per share at one point this week.

Info Edge (99acres parent) (NSE: NAUKRI)

Along with a number of stocks from the online classifieds industry, the parent company of Indian portal giant 99acres saw its value climb steadily out of the March lockdown lows. Info Edge's price seems to have stepped up a gear since the middle of November despite a quarterly report that missed analysts forecasts. From March to December Info Edge's share price has grown from ₹1,691 to ₹4,665.

Aside from 99acres, Info Edge has a diversified portfolio of interests including India's leading jobs portal Naukri and food delivery aggregator startup Zomato which has been doing well enough to be considering going public itself.