Market Runner: Could eBay Inc See a Reversal After This Very Strong Session?

Market Runner: Could eBay Inc See a Reversal After This Very Strong Session?

The stock of eBay Inc (NASDAQ:EBAY) is a huge mover today! About 2.46M shares traded hands. eBay Inc (NASDAQ:EBAY) has risen 16.66% since April 26, 2016 and is uptrending. It has outperformed by 11.40% the S&P500.
The move comes after 7 months positive chart setup for the $31.58 billion company. It was reported on Nov, 29 by Barchart.com. We have $31.20 PT which if reached, will make NASDAQ:EBAY worth $2.84B more.

Analysts await eBay Inc (NASDAQ:EBAY) to report earnings on January, 25. They expect $0.47 earnings per share, up 2.17% or $0.01 from last year’s $0.46 per share. EBAY’s profit will be $518.61M for 15.22 P/E if the $0.47 EPS becomes a reality. After $0.38 actual earnings per share reported by eBay Inc for the previous quarter, Wall Street now forecasts 23.68% EPS growth.

eBay Inc (NASDAQ:EBAY) Ratings Coverage

Out of 34 analysts covering eBay Inc (NASDAQ:EBAY), 14 rate it a “Buy”, 3 “Sell”, while 17 “Hold”. This means 41% are positive. eBay Inc has been the topic of 67 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Thursday, August 27 with “Sector Perform”. The stock of eBay Inc (NASDAQ:EBAY) earned “Sell” rating by S&P Research on Tuesday, July 21. On Friday, October 23 the stock rating was downgraded by TheStreet to “Hold”. Vetr upgraded eBay Inc (NASDAQ:EBAY) on Friday, August 21 to “Hold” rating. The firm has “Underweight” rating given on Thursday, July 21 by Morgan Stanley. The rating was downgraded by Barclays Capital to “Underweight” on Tuesday, March 29. The stock of eBay Inc (NASDAQ:EBAY) has “Sector Perform” rating given on Thursday, January 28 by RBC Capital Markets. Monness Crespi & Hardt maintained the stock with “Buy” rating in Thursday, January 28 report. The rating was initiated by Hilliard Lyons on Tuesday, August 30 with “Long-Term Buy”. The rating was downgraded by Raymond James on Thursday, July 23 to “Market Perform”.

According to Zacks Investment Research, “eBay is one of the world’s largest online trading communities. eBay creates a powerful marketplace for the sale of goods and services by a passionate community of individuals and small businesses. eBay enables trade on a local, national and international basis with local sites in numerous markets in the United States and country-specific sites in the United Kingdom, Canada, Germany, Austria, France, Italy, Japan, Korea and Australia. (Company Press Release)”

Insitutional Activity: The institutional sentiment decreased to 0.75 in 2016 Q2. Its down 0.12, from 0.87 in 2016Q1. The ratio dived, as 75 funds sold all eBay Inc shares owned while 273 reduced positions. 70 funds bought stakes while 234 increased positions. They now own 866.68 million shares or 7.44% less from 936.29 million shares in 2016Q1.
Engineers Gate Manager Limited Partnership, a New York-based fund reported 10,514 shares. Waverton Invest Mgmt holds 0.03% of its portfolio in eBay Inc (NASDAQ:EBAY) for 18,400 shares. First Mercantile holds 106,308 shares or 0.31% of its portfolio. Apg Asset Nv holds 0.07% or 1.53 million shares in its portfolio. Advance I has 0.65% invested in the company for 26,300 shares. Ing Groep Nv, a Netherlands-based fund reported 199,386 shares. X Company Limited Liability Corporation, a New York-based fund reported 2,883 shares. Wunderlich Capital Managemnt holds 0.41% or 20,749 shares in its portfolio. The Massachusetts-based Babson Ltd Liability has invested 0.08% in eBay Inc (NASDAQ:EBAY). Dubuque Retail Bank & has 173,503 shares for 0.79% of their US portfolio. Tealwood Asset Mgmt, a Minnesota-based fund reported 62,082 shares. Moreover, Usca Ria Ltd has 0.04% invested in eBay Inc (NASDAQ:EBAY) for 9,376 shares. Moreover, Victory Capital has 0% invested in eBay Inc (NASDAQ:EBAY) for 38,285 shares. The New Jersey-based Advsr Cap Mgmt Ltd Liability has invested 0.54% in eBay Inc (NASDAQ:EBAY). Lenox Wealth Mngmt holds 142 shares or 0% of its portfolio.

Insider Transactions: Since July 25, 2016, the stock had 1 buy, and 13 insider sales for $10.36 million net activity. Green Logan also bought $28,321 worth of eBay Inc (NASDAQ:EBAY) shares. Shares for $732,264 were sold by Doerger Brian J. on Monday, July 25. FISHER STEPHEN sold $1.64 million worth of stock. Shares for $1.60 million were sold by SWAN ROBERT HOLMES on Tuesday, August 30. The insider TIERNEY THOMAS J sold 8,000 shares worth $245,200. 5,625 eBay Inc (NASDAQ:EBAY) shares with value of $174,488 were sold by Lee Jae Hyun. $541,834 worth of eBay Inc (NASDAQ:EBAY) shares were sold by Yetto Kristin A.

Another recent and important eBay Inc (NASDAQ:EBAY) news was published by Fool.com which published an article titled: “Better Buy: eBay Inc. vs. PayPal” on November 17, 2016.

EBAY Company Profile

eBay Inc. (eBay), incorporated on March 13, 1998, is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Firm helps in enabling commerce on its platforms for buyers and sellers online using desktop and laptop computers or mobile devices, such as smartphones and tablets. The Firm has created an open source platform that provides software developers and merchants an access to its application programming interfaces (APIs) for developing software and solutions for commerce.

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