EBay falls most in six months amid struggles with turnaround

4 Reasons Even eBay Fans Are Cautious On The Stock

EBay shares fell 3% Thursday after the stock suffered at least one downgrade, and as a series of analysts said they still don't see enough reason to turn bullish.

"First-quarter results for us were a mixed bag", Ju wrote. Credit Suisse analyst Stephen Ju cut his price target on eBay to 34 from 35, with a neutral rating. (NASDAQ:EBAY) by 0.3% during the fourth quarter, Holdings Channel reports. The stock has a 50 day moving average price of $33.61 and a 200-day moving average price of $31.29. eBay also was the target of unusually large options trading on Thursday.

Marketplace gross merchandise volume (GMV) increased 2% year over year (5% at constant currency), to $20.0 billion, which translated to 2% growth in revenue, to $1.8 billion. The company has a consensus rating of Hold and an average target price of $34.90. Adjusted earnings per share will be 43 cents to 45 cents, compared with analysts' projections of 47 cents.

More information about factors that could affect the Company's operating results is included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the Company's Investor Relations website at https://investors.ebayinc.com or the SEC's website at www.sec.gov.

Canaccord Genuity analyst Michael Graham raised his price target to 32 from 31, saying first-quarter results were "solid".

Fast and Furious 8: When will the saga end?
I think the movie was a huge success, the cast and crew did an incredible job with stunting and keeping the watchers entertained. I'm imagining The Rock hurling Statham across the room at a bunch of baddies like Colossus tossing Wolverine at a Sentinel.

With shares up almost 35% over the past year leading up to this report, including a 14% gain so far in 2017 on the heels of its record holiday-quarter results in late January, there were no real surprises in these results.

EBay shares fell 2.76 percent to $32.92 per share in the early trading in NY.

Aaron Kessler, the lead analyst on the report, reiterated a market perform rating and didn't have a price target. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company.

Revenue rose 3.7 percent to $2.22 billion. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Following the completion of the sale, the director now owns 28,525 shares of the company's stock, valued at approximately $949,312. The stock was sold at an average price of $32.00, for a total transaction of $6,419,456.00. Following the transaction, the chief accounting officer now directly owns 39,947 shares of the company's stock, valued at $1,155,666.71. The disclosure for this sale can be found here. Price to sales ratio was 4.07 while 87.10% of stock was owned by Institutional investors. The Company helps in enabling commerce on its platforms for buyers and sellers online. Its platforms are accessible through an online experience (desktop and laptop computers), from mobile devices (smartphones and tablets) and by application programming interface (API) (platform access for third-party software developers).

Related News:

  • Patriots hit back at New York Times over White House tweet

    Why? UPDATE: Patriots say # of players was smaller this year than 2015 (34 vs. 50) but total delegation was roughly the same. While it isn't clear why Brady was not present, he also did not attend the White House visit in 2015.
    Dispute Over Aaron Hernandez's Brain Highlights Push for CTE Awareness

    Dispute Over Aaron Hernandez's Brain Highlights Push for CTE Awareness

    The state medical examiner's office declined to comment on the status of its autopsy or the release of Hernandez's body. Asked if Hernandez's fate - at the time, life in prison - was also heartbreaking, Belichick responded: "Yes".
    Xbox Games with Gold for May 2017 Will Use the Force

    Xbox Games with Gold for May 2017 Will Use the Force

    Every month new games will cycle into the subscription with some cycling out, giving you a constantly-updating library of games. In the game, players use a mix of platforming action and environmental manipulation to navigate through a dream-inspired world.
  • Facebook killer takes his own life as police close in

    Facebook killer takes his own life as police close in

    Cleveland Police Chief Calvin Williams answers questions during a news conference, Tuesday, April 18, 2017 , in Cleveland. Steve Stephens blamed his former girlfriend, Joy Lane, for the killing. (AP Photo/Tony Dejak).
    EU eyes years of Brexit payments, immigration -document

    EU eyes years of Brexit payments, immigration -document

    The EU is fine-tuning its negotiating mandate and has said that talks can start in earnest after the June 8 snap elections that May has called.
    Samsung To Make Google Play Default Music App On All Devices

    Samsung To Make Google Play Default Music App On All Devices

    "The new Samsung S8 and S8+ are packed with a plethora of features that have set a new standard for the Samsung Galaxy series". It will possibly sport a bigger and better version of the S8+'s Infinity Display as last year's Note 7 had a dual edge screen.
  • Kentucky's jobless rate stays at 5 percent in March

    Kentucky's jobless rate stays at 5 percent in March

    Since the beginning of this year, the state's unemployment rate has decreased by six-tenths of a percentage point. Liu added it could increase aggregate demand, directly or indirectly, and stimulates the economy and employment.
    Mel Kiper Predicts Bucs' First Three Picks

    Mel Kiper Predicts Bucs' First Three Picks

    Few teams in the top half of the first round need backs, and others might see a better, different fit with Christian McCaffrey . Howard took a pre-draft visit to the Jaguars, but they could also opt to stick with the group they have under contract.
    United CEO got $18.7 million in compensation

    United CEO got $18.7 million in compensation

    PPP discovered Trump fares worse than United, with 52 percent of respondents considering him unfavorably and 43 percent favorably. Like an earlier ban that also included Iraqi citizens, it has been blocked from taking effect by United States courts.
  • Upper Merion named a 2016 Tree City USA by Arbor Day Foundation

    Upper Merion named a 2016 Tree City USA by Arbor Day Foundation

    The Arbor Day Foundation commends campuses committed to engaging staff and students in conservation goals. The fourth-graders will get lessons on bees, tree care, recycling, birds, weather, insects and more.

    Canada on track to legalize recreational pot by July 2018

    Lawmakers in Canada have introduced legislation that would make it the largest developed country to legalize marijuana nationwide. The Cannabis Act proposes only those over 18 years of age can buy cannabis but provinces and territories could increase it.

    Crude oil eases for second day on rising U.S. inventories

    OPEC data showed members of the group had cut March output beyond the level they had promised. Energy Information Administration figures on Wednesday, oil could get another boost.


Most liked

Cubs to take on Brewers in afternoon bout
Russell's second home run of the season helped Chicago take two of three from Milwaukee after dropping the series opener Monday. Jonathan Villar went 1 for 5 with an RBI of his own, while Hernan Perez and Orlando Arcia combined for 3 hits between the two.

Browns zero in on No. 1 pick, trade for veteran QB unlikely
But the likeliest scenario is that the Browns stick with Garrett, leaving the next 31 picks in the draft open for business. Despite the morass that was 1-15 in 2016, no heads rolled in the offseason, and I had absolutely no issue with that.

Anthony Johnson Sheds 'Rumble' Persona, Reaffirms Retirement in Monday Instagram Post
I've got to be completely honest with you, I didn't even realize I was doing that. "He better not come in my cage after I win". "I wasn't going to go to Buffalo for UFC 210 until I found out that Jon was going to be there", Manuwa told JOE on Thursday.

RUMOR: Mini Super NES Coming For The Holidays?
However, most may have forgotten that the resurrection of the famed 1986 game console was expected to be done on a limited basis. If the release is anything like the NES Classic Mini, it is sure to be a smash hit.

VP Pence Aims to Reassure Australia After Tense Trump Call
National Security Agency's mass surveillance, published the coup article by freelance journalist Allan Nairn earlier this week. Pence also called for cooperation on fighting terrorism and maintaining freedom of navigation in the region.

Bill Murray to join cellist for music and spoken word tour
Check out Bill's singing chops as he was joined with Miley Cyrus for his Netflix special - A Very Murray Christmas . Murray and Vogler will also perform at Carnegie Hall in NY in October.

Raheel Sharif departs to lead military alliance as govt issues NOC
According to reports, 5,000 Pakistani troops are departing to be a part of the coalition that has been billed as an "Islamic military alliance".

Patriots, James White agree to three-year contract extension
You can never get mad at him, because even when he doesn't make the play he feels worse about it than you do. The New England Patriots may also still look to add a running back in the upcoming NFL Draft.

SC allows NDMC to auction of Tata-run Taj Mansingh hotel
The court made it clear in its order that the civic body must allow a six-month breather in case Tata Group loses the e-auction. The Tata group and the NDMC had 33-year lease agreement to run the five-star hotel.

Trump, alongside Italian PM, says no USA role in Libya
Trump also sharply denounced the 2015 Iran nuclear deal and promised to address it further in the "not-too-distant future". Trump has complained that the United States contributes more to the military alliance than it receives.

Supreme Court bans Jehovah's Witnesses in Russia
Sergei Cherepanov , a Jehovah's Witnesses representative, told Interfax news agency: " We will do everything possible ". In Russia, religious liberty as a whole-and Jehovah's Witnesses in particular-have always been under attack.

UC Berkeley flip-flops on Ann Coulter, proposes May date
But Coulter remained defiant and proclaimed over social media that she still intends to show up for the original timeslot. She said she had already spent money to hold the event on the original April 27 date and is not available May 2.

Nicki Minaj - No Frauds (feat. Drake and Lil Wayne)
Five were killed and 40 were left injured after the attack, which, according to reports, took place the day after Nicki filmed. One fan sent a message to the singer, saying: "I'm gonna find that wall by Westminster bridge and sit on it just like you".

Sentence Next For Volkswagen in US Diesel Emissions Scandal
VW eventually admitted that the cars were programmed to turn pollution controls on during testing and off while on the road. Volkswagen at first denied the use of the so-called defeat device but finally admitted it in September 2015.

Delhi: 1 killed after Class XII student runs over car
The accident took place near Delhi's Kashmiri Gate, after a vehicle driven by a class 12 student ran over a footpath. Eyewitnesses have told the cops that the auto drove zigzag on the Ring Road before climbing onto the footpath.