eBay (NASDAQ:EBAY) Receiving Somewhat Positive News Coverage, Accern Reports
Press coverage about eBay (NASDAQ:EBAY) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. eBay earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the e-commerce company an impact score of 43.9849494093182 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Next Resistance Level for Ebay Inc (EBAY) is $35.60 (mysmartrend.com)
- FDN, NFLX, PYPL, EBAY: ETF Outflow Alert – Nasdaq (nasdaq.com)
- Expedia, IAC, EBay: Best Online Stocks – Barron’s (barrons.com)
- FBI Says ISIS Used eBay to Send Terror Cash to US – Investopedia (investopedia.com)
- [$$] Expedia, IAC, EBay: Best Online Stocks (finance.yahoo.com)
Several research firms have recently weighed in on EBAY. Macquarie reiterated a “neutral” rating and set a $39.00 price target on shares of eBay in a research note on Tuesday, April 18th. Credit Suisse Group upgraded eBay to a “buy” rating and set a $44.00 price target for the company in a research note on Monday, June 12th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $39.00 price target (up previously from $38.00) on shares of eBay in a research note on Thursday, April 20th. Bank of America Corporation increased their price target on eBay from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Cowen and Company reiterated a “market perform” rating and set a $30.00 price target on shares of eBay in a research note on Wednesday, April 19th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have given a buy rating to the stock. eBay has a consensus rating of “Hold” and an average price target of $36.97.
Shares of eBay (NASDAQ EBAY) traded up 0.43% during midday trading on Monday, hitting $35.20. The stock had a trading volume of 7,192,689 shares. The company has a market cap of $37.68 billion, a PE ratio of 5.28 and a beta of 1.36. eBay has a 52-week low of $27.28 and a 52-week high of $37.48. The company’s 50 day moving average is $35.75 and its 200 day moving average is $34.28.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts anticipate that eBay will post $2.01 earnings per share for the current year.
eBay announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
In other news, Director Kathleen C. Mitic sold 11,897 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $33.84, for a total value of $402,594.48. Following the sale, the director now directly owns 20,162 shares in the company, valued at $682,282.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Brian J. Doerger sold 10,450 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total value of $382,052.00. Following the completion of the sale, the vice president now owns 24,001 shares in the company, valued at $877,476.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,303 shares of company stock worth $2,560,022. Company insiders own 6.78% of the company’s stock.
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eBay Company Profile
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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