Somewhat Favorable Media Coverage Somewhat Unlikely to Impact eBay (EBAY) Stock Price
Press coverage about eBay (NASDAQ:EBAY) has trended somewhat positive on Tuesday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. eBay earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the e-commerce company an impact score of 46.5615121125291 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- eBay : 2017 Fall Seller Update (4-traders.com)
- eBay Inc (EBAY) Is a Value Internet Play, Says Top Analyst (smarteranalyst.com)
- Internet giant eBay wants to cast a wider net around cycling (bicycleretailer.com)
- How Portland’s eBay office is making life easier for nonprofits (bizjournals.com)
- eBay Appoints Adriane Brown and Diana Farrell to its Board of Directors (finance.yahoo.com)
A number of analysts recently issued reports on the stock. J P Morgan Chase & Co set a $38.00 price target on shares of eBay and gave the stock a “neutral” rating in a research note on Friday, July 21st. BMO Capital Markets restated a “market perform” rating and issued a $36.00 price target on shares of eBay in a research note on Saturday, July 22nd. Canaccord Genuity restated a “hold” rating and issued a $34.00 price target on shares of eBay in a research note on Wednesday, September 6th. Aegis restated a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of eBay in a research note on Tuesday. Finally, Vetr upgraded shares of eBay from a “hold” rating to a “buy” rating and set a $37.30 price target for the company in a research note on Monday, June 12th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.30.
eBay (EBAY) traded up 0.52% during mid-day trading on Tuesday, reaching $38.59. The company’s stock had a trading volume of 5,215,295 shares. eBay has a 12 month low of $27.28 and a 12 month high of $38.87. The company has a market cap of $41.30 billion, a price-to-earnings ratio of 5.79 and a beta of 1.34. The stock’s 50 day moving average is $36.16 and its 200 day moving average is $34.85. eBay also was the recipient of some unusual options trading on Monday. Stock traders acquired 4,033 call options on the stock. This is an increase of approximately 484% compared to the average volume of 690 call options.
eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts predict that eBay will post $2.00 EPS for the current year.
eBay declared that its board has authorized a stock repurchase plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
In other eBay news, SVP Stephen Fisher sold 11,956 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $36.24, for a total value of $433,285.44. Following the transaction, the senior vice president now owns 89,740 shares of the company’s stock, valued at $3,252,177.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $37.51, for a total value of $937,750.00. Following the completion of the transaction, the director now directly owns 262,119 shares in the company, valued at approximately $9,832,083.69. The disclosure for this sale can be found here. Insiders sold 95,238 shares of company stock worth $3,439,297 in the last three months. 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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