Headlines about eBay (NASDAQ:EBAY) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. eBay earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the e-commerce company an impact score of 44.5167909849444 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Interesting EBAY Put And Call Options For April 6th (nasdaq.com)
- The best Fed watching will be Jay Powell grilled in front of Congress (finance.yahoo.com)
- Micro Purses to Plaid Prints: New eBay Shopping Report Decodes Spring’s 10 Most Coveted Fashion Trends (finance.yahoo.com)
- Devin Wenig is right: eBay remains misunderstood in 2018 (tamebay.com)
- eBay’s Lagging Stock Set To Rise On Revenue Growth (finance.yahoo.com)
Several equities analysts have recently issued reports on EBAY shares. Credit Suisse Group upped their target price on eBay from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. UBS Group set a $44.00 target price on eBay and gave the company a “buy” rating in a report on Thursday, January 11th. Macquarie set a $46.00 target price on eBay and gave the company a “neutral” rating in a report on Thursday, February 1st. Atlantic Securities set a $45.00 target price on eBay and gave the company a “neutral” rating in a report on Thursday, February 1st. Finally, Robert W. Baird set a $52.00 target price on eBay and gave the company a “buy” rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.87.
eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. equities analysts forecast that eBay will post 1.84 earnings per share for the current year.
eBay announced that its board has initiated a stock repurchase program on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In other eBay news, VP Brian J. Doerger sold 6,660 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $35.99, for a total transaction of $239,693.40. Following the sale, the vice president now owns 16,732 shares in the company, valued at $602,184.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Devin Wenig sold 134,207 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $42.69, for a total value of $5,729,296.83. Following the sale, the insider now owns 642,077 shares in the company, valued at approximately $27,410,267.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,352 shares of company stock worth $7,171,104. Company insiders own 6.78% of the company’s stock.
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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