EBay shares sink after posting financial results

EBay shares sink after posting financial results

Virtu Financial LLC purchased a new position in eBay Inc.

EBay reported revenue of $2.3 billion, matching the consensus estimate of $2.3 billion and up 4% from the year-ago quarter. The firm owned 40,754 shares of the e-commerce company's stock after selling 472 shares during the period.

The company has also invested in product development, tweaking its websites to set a new home page, promote seller listings and remove stagnant ones. Westside Investment Management Inc. raised its position in shares of eBay by 284.0% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company's stock valued at $2,095,089,000 after buying an additional 59,937,723 shares during the last quarter. Boston Partners raised its position in eBay by 1.9% in the first quarter. Aperio Group LLC now owns 1,067,704 shares of the e-commerce company's stock valued at $37,284,000 after buying an additional 453,567 shares during the last quarter. Parallel Advisors LLC raised its stake in eBay by 25.5% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company's stock valued at $501,155,000 after buying an additional 4,749,434 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co.

eBay delivered in-line second quarter financial results Thursday but its shares still fell more than 4 percent in late trading. Round Table Services LLC boosted its stake in eBay by 8.0% in the second quarter. Ibm Retirement Fund invested in 100,494 shares or 0.13% of the stock.

eBay Inc. (EBAY) opened at 37.08 on Thursday. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $37.26. Benchmark Co. increased their target price on shares of eBay from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday.

After a recent look, shares have been seen 15.30% from the 200-day moving average, and 6.82% from the 50-day moving average. Korea Corporation owns 611,666 shares. This represents an increase of 231% compared to the typical volume of 663 put options.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 19th. Finance, analysts were forecasting an adjusted 45 cents EPS and revenue of $2.31 billion, which is about the same as the 45 cents per share and the $2.33 billion in revenue that the company posted. During the same period in the prior year, the company posted $0.47 earnings per share. The firm's revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that eBay Inc. will post $2.01 EPS for the current fiscal year. Ebay Inc. now has $40.55 billion valuation. If you are reading this story on another domain, it was illegally copied and reposted in violation of U.S. & worldwide copyright law. The legal version of this story can be read at https://www.chaffeybreeze.com/2017/07/20/gateway-investment-advisers-llc-reduces-stake-in-ebay-inc-ebay.html.

Excluding one-time items, eBay earned 45 cents per share, in line with analysts' estimates.

eBay's GAAP earnings plunged 95% year over year to 2 cents per share from 38 cents in the year-ago quarter. Hilliard Lyons initiated it with "Long-Term Buy" rating and $35 target in Tuesday, August 30 report. They issued an overweight rating and a $41.00 price target for the company. Aegis restated a "buy" rating and set a $42.00 price target on shares of eBay in a report on Monday. Atlantic Securities reissued a "neutral" rating and issued a $36.00 target price on shares of eBay in a report on Wednesday, May 31st.

The stock of eBay Inc (EBAY) formed an up wedge with $38.31 target or 3.00 % above today's $37.19 share price.

The stock has 19 "hold" ratings, 11 "buy" ratings, and one "sell" rating from the analysts covering eBay that were surveyed by FactSet. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock.

In related news, VP Brian J. Doerger sold 12,904 shares of the stock in a transaction on Thursday, May 4th. Following the completion of the sale, the vice president now directly owns 30,701 shares of the company's stock, valued at $1,047,211.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. $223,808 worth of stock was sold by FISHER STEPHEN on Wednesday, May 31. The stock was sold at an average price of $32.35, for a total transaction of $1,067,808.80. Following the sale, the senior vice president now directly owns 109,468 shares of the company's stock, valued at $3,541,289.80. In the last ninety days, insiders sold 85,712 shares of company stock valued at $2,877,612.

Following the eBay Q2 2017 earnings report, the online marketplace platform's shares plunged in after-hours trades, falling by as much as 3.2% to $35.99. The company added 2 million active buyers across all its platforms, bringing the total number of active buyers to 171 million around the globe.

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