eBay (EBAY) Earning Somewhat Favorable Press Coverage, Study Finds
Headlines about eBay (NASDAQ:EBAY) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. eBay earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the e-commerce company an impact score of 43.334512673382 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s rankings:
- 3 Reasons eBay Inc. Stock Could Rise (fool.com)
- eBay Inc. (EBAY) analyst mean recommendation for this stock stands at 2.60 – Stocks Gallery (stocksgallery.com)
- Choosing Between eBay Inc. (EBAY) and Staples, Inc. (SPLS) – StockNewsGazette (stocknewsgazette.com)
- The Latest eBay Inc. (EBAY) Insider Trading Activity – Economic News (economicsandmoney.com)
- Sheryl Sandberg says HP CEO Meg Whitman taught her a hiring lesson she never forgot (finance.yahoo.com)
Shares of eBay (NASDAQ:EBAY) traded up 1.39% during midday trading on Wednesday, hitting $35.69. The stock had a trading volume of 8,288,851 shares. eBay has a 1-year low of $27.28 and a 1-year high of $37.48. The firm has a 50-day moving average price of $35.75 and a 200-day moving average price of $34.43. The firm has a market cap of $38.20 billion, a price-to-earnings ratio of 5.35 and a beta of 1.36.
eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. eBay’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. On average, equities analysts anticipate that eBay will post $2.00 EPS for the current fiscal year.
eBay announced that its Board of Directors has initiated a share buyback plan on Thursday, July 20th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
Several brokerages have weighed in on EBAY. BidaskClub downgraded eBay from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Mizuho reiterated an “underperform” rating and issued a $34.00 target price on shares of eBay in a research note on Monday, August 7th. SunTrust Banks, Inc. began coverage on eBay in a research note on Tuesday, August 15th. They issued a “hold” rating and a $38.00 target price on the stock. Royal Bank Of Canada reiterated a “hold” rating on shares of eBay in a research note on Friday, August 18th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $38.00 target price on shares of eBay in a research note on Sunday, August 20th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $37.05.
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In other news, SVP Stephen Fisher sold 11,956 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $36.24, for a total value of $433,285.44. Following the sale, the senior vice president now directly owns 89,740 shares of the company’s stock, valued at approximately $3,252,177.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Harry A. Lawton III sold 13,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $35.93, for a total transaction of $467,090.00. Following the completion of the sale, the senior vice president now directly owns 45,488 shares in the company, valued at $1,634,383.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,238 shares of company stock worth $2,501,547. 6.78% of the stock is owned by insiders.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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