eBay (EBAY) Earning Somewhat Positive News Coverage, InfoTrie Reports

News stories about eBay (NASDAQ:EBAY) have trended somewhat positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. eBay earned a coverage optimism score of 1.73 on their scale. InfoTrie also gave news articles about the e-commerce company an news buzz score of 6 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have impacted eBay’s score:

EBAY traded down $0.21 on Friday, hitting $29.63. 8,711,430 shares of the company were exchanged, compared to its average volume of 15,660,221. eBay has a 12 month low of $26.36 and a 12 month high of $46.99. The firm has a market capitalization of $28.75 billion, a PE ratio of 18.18, a PEG ratio of 1.69 and a beta of 1.32. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.74 and a current ratio of 1.74.

eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. eBay’s revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that eBay will post 1.84 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Guggenheim reaffirmed a “$37.95” rating on shares of eBay in a research report on Wednesday, July 18th. UBS Group reduced their price objective on eBay from $47.00 to $44.00 and set a “$34.11” rating for the company in a research report on Thursday, July 19th. Canaccord Genuity reduced their price objective on eBay from $43.00 to $40.00 and set a “hold” rating for the company in a research report on Thursday, July 19th. TheStreet cut eBay from a “b-” rating to a “c+” rating in a research report on Wednesday, October 24th. Finally, DA Davidson reduced their price objective on eBay to $50.00 and set a “buy” rating for the company in a research report on Thursday, July 19th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $40.97.

In related news, SVP Jae Hyun Lee sold 26,204 shares of the company’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total transaction of $919,236.32. Following the sale, the senior vice president now owns 128,457 shares in the company, valued at $4,506,271.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.78% of the company’s stock.

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eBay Company Profile

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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