Stock of The Day: Ebay Inc (NASDAQ:EBAY) Move Up as Institutional Investors’ Sentiment Worsens

November 24, 2016 - By Hazel Jackson   ·   0 Comments

Stock of The Day: Ebay Inc (NASDAQ:EBAY) Move Up as Institutional Investors' Sentiment  Worsens

Sentiment for Ebay Inc (NASDAQ:EBAY)

Ebay Inc (NASDAQ:EBAY) institutional sentiment decreased to 0.75 in 2016 Q2. Its down -0.12, from 0.87 in 2016Q1. The ratio worsened, as 304 investment professionals started new or increased equity positions, while 348 cut down and sold their holdings in Ebay Inc. The investment professionals in our partner’s database reported: 866.68 million shares, down from 936.29 million shares in 2016Q1. Also, the number of investment professionals holding Ebay Inc in their top 10 equity positions increased from 11 to 16 for an increase of 5. Sold All: 75 Reduced: 273 Increased: 234 New Position: 70.

eBay Inc. is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The company has a market cap of $32.37 billion. The Firm helps in enabling commerce on its platforms for buyers and sellers online. It has a 18.13 P/E ratio. The Firm has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.

The stock decreased 0.55% or $0.16 on November 23, hitting $28.9. About 6.03 million shares traded hands. eBay Inc (NASDAQ:EBAY) has risen 18.44% since April 22, 2016 and is uptrending. It has outperformed by 13.03% the S&P500.

Analysts await eBay Inc (NASDAQ:EBAY) to report earnings on January, 25. They expect $0.47 EPS, up 2.17% or $0.01 from last year’s $0.46 per share. EBAY’s profit will be $526.43 million for 15.37 P/E if the $0.47 EPS becomes a reality. After $0.38 actual EPS reported by eBay Inc for the previous quarter, Wall Street now forecasts 23.68% EPS growth.

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)”

Rit Capital Partners Plc holds 13.73% of its portfolio in eBay Inc for 686,000 shares. Moon Capital Management Lp owns 753,046 shares or 6.81% of their US portfolio. Moreover, Kingstown Capital Management L.P. has 6.64% invested in the company for 2.50 million shares. The New York-based Marlowe Partners Lp has invested 6.28% in the stock. Independent Franchise Partners Llp, a United Kingdom-based fund reported 23.26 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 13 selling transactions for $10.36 million net activity.

eBay Inc (NASDAQ:EBAY) Ratings Coverage

Ratings analysis reveals 41% of eBay Inc’s analysts are positive. Out of 34 Wall Street analysts rating eBay Inc, 14 give it “Buy”, 3 “Sell” rating, while 17 recommend “Hold”. The lowest target is $22.50 while the high is $69. The stock’s average target of $32.33 is 11.87% above today’s ($28.9) share price. EBAY was included in 67 notes of analysts from July 21, 2015. The rating was maintained by Canaccord Genuity on Thursday, January 28 with “Hold”. Canaccord Genuity maintained the shares of EBAY in a report on Thursday, July 21 with “Hold” rating. The rating was maintained by Jefferies on Wednesday, April 27 with “Hold”. Morgan Stanley downgraded the stock to “Underweight” rating in Tuesday, April 19 report. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, March 2. The rating was downgraded by S&P Research to “Sell” on Tuesday, July 21. The firm has “Neutral” rating by Wedbush given on Thursday, October 20. Morgan Stanley maintained it with “Underweight” rating and $24 target price in Thursday, July 21 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, August 27. The rating was maintained by Axiom Capital on Tuesday, February 16 with “Buy”.

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.

More recent eBay Inc (NASDAQ:EBAY) news were published by: Fool.com which released: “Better Buy: eBay Inc. vs. PayPal” on November 17, 2016. Also Huffingtonpost.com published the news titled: “The Best Black Friday And Cyber Monday Deals On eBay” on November 21, 2016. Fool.com‘s news article titled: “Better Buy: eBay Inc vs. Overstock.com, Inc.” with publication date: November 03, 2016 was also an interesting one.

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By Hazel Jackson


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