eBay (EBAY) Getting Somewhat Positive Media Coverage, Study Finds
Press coverage about eBay (NASDAQ:EBAY) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. eBay earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the e-commerce company an impact score of 43.5336469516937 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- See what the IHS Markit Score report has to say about eBay Inc. (finance.yahoo.com)
- $0.38 EPS Expected for eBay Inc. (EBAY) This Quarter (americanbankingnews.com)
- U.S. push for freer NAFTA e-commerce meets growing resistance (feeds.reuters.com)
- Online Dispute Resolution Is Powerful Tool for GCs, Say Experts (corpcounsel.com)
- Mizuho Reinstates Internet Coverage With 3 Top Picks (247wallst.com)
Shares of eBay (EBAY) traded down 0.77% during midday trading on Wednesday, hitting $36.08. 7,888,132 shares of the stock were exchanged. eBay has a 52-week low of $27.28 and a 52-week high of $37.48. The firm’s 50-day moving average is $35.63 and its 200 day moving average is $34.01. The firm has a market cap of $38.62 billion, a PE ratio of 5.41 and a beta of 1.36. eBay also was the recipient of some unusual options trading on Monday. Traders bought 4,033 call options on the company. This represents an increase of 484% compared to the average daily volume of 690 call options.
eBay (NASDAQ:EBAY) last posted its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. On average, analysts forecast that eBay will post $2.00 earnings per share for the current year.
eBay announced that its Board of Directors has initiated a share repurchase program on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes 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 leadership believes its shares are undervalued.
EBAY has been the topic of a number of recent research reports. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $35.00 price objective on shares of eBay in a research note on Tuesday, April 11th. Maxim Group reaffirmed a “buy” rating and issued a $36.00 price objective on shares of eBay in a research note on Wednesday, April 12th. Argus raised their price objective on shares of eBay from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, April 12th. Royal Bank Of Canada reiterated a “hold” rating and issued a $34.00 target price on shares of eBay in a report on Thursday, April 13th. Finally, Aegis reiterated a “buy” rating and issued a $40.00 target price (up previously from $38.00) on shares of eBay in a report on Thursday, April 13th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.97.
In related news, VP Brian J. Doerger sold 2,903 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $34.11, for a total value of $99,021.33. Following the completion of the sale, the vice president now directly owns 30,701 shares in the company, valued at $1,047,211.11. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Harry A. Lawton III sold 13,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $35.93, for a total value of $467,090.00. Following the completion of the sale, the senior vice president now owns 45,488 shares of the company’s stock, valued at $1,634,383.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,206 shares of company stock valued at $2,659,043. 6.78% of the stock is owned by corporate 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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