34.98 +0.34 (0.98%)
After hours: 7:25PM EST
|Bid||34.71 x 1000|
|Ask||35.37 x 4000|
|Day's Range||33.71 - 34.77|
|52 Week Range||33.53 - 42.00|
|Beta (5Y Monthly)||1.24|
|PE Ratio (TTM)||16.55|
|Forward Dividend & Yield||0.64 (1.83%)|
|Ex-Dividend Date||Feb 27, 2020|
|1y Target Est||N/A|
Dutch fintech Adyen will offer the Polish Payment Standard-developed Blik payment system to its customers, it said on Friday, making it available to online companies like Spotify, Uber and ebay. The Polish Payment Standard (PSP) was created by a group of six Polish banks. It has embedded Blik in mobile banking apps, allowing users to pay online or in stores, withdraw money from ATMs and make transfers.
Ticketmaster and other online ticketing companies said Wednesday they support rules to require upfront disclosure of all the fees tacked on to concert and sporting events tickets, but only if all ticket sellers are required to do so by law. The $9 billion ticketing industry has frustrated American consumers with hidden fees for years. A Government Accountability Office study found in 2018 that fees can equal as much as 37 percent of a ticket's face value.
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Zacks.com featured highlights include: Calavo Growers, eBay, GenMark Diagnostics, Telenav and Heico
By CorpGov Editorial Staff Amid the recent coronavirus outbreak centralized in the Hubei province, Chinese e-commerce giant JD.com, Inc. has committed itself to providing aid to those affected in multiple capacities. Known for carrying everything from groceries to apparel to electronics, in the short time since the coronavirus outbreak China’s largest online retailer has already […]
eBay (EBAY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).
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Earlier on Friday, the Wall Street Journal reported eBay is reaching out to potential buyers to sell its classified-ads business, which could be worth roughly $10 billion. Activist shareholder Starboard had sent a letter to eBay's board, saying the company has not made enough progress in its plan to separate its classifieds business.
(Bloomberg) -- EBay Inc. said it’s in active talks with multiple parties about a potential transaction for its classified-ads business, responding to pressure from activist investors to improve its performance by focusing on its main online marketplace.The San Jose, California-based company, which has been conducting a broader strategic review of its businesses, said it will have an update on the process by the middle of the year. Dow Jones reported earlier Friday that EBay was taking steps toward a sale of the classifieds unit.“EBay’s Board and management are committed to driving significant returns to shareholders by maximizing the value of Classifieds and positioning our Marketplace business for long-term success,” interim Chief Executive Officer Scott Schenkel said in a statement. “We are acting with urgency while focusing on the ultimate objective of maximizing the value of Classifieds.”In November, the company announced the sale of ticket marketplace StubHub to European rival Viagogo for $4.05 billion in cash. Activists Starboard Value and Elliott Management Corp. last year proposed a plan to improve EBay’s performance, including a sale of StubHub and the classifieds business.To contact the reporter on this story: Jillian Ward in San Francisco at email@example.comTo contact the editors responsible for this story: Tom Giles at firstname.lastname@example.org, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Private equity groups, an internet conglomerate and a German media company reportedly are interested in picking up the $10 billion eBay subsidiary.
EBay shares rose Friday after a report that the online marketplace is moving to sell its classified-ads business, potentially for $10 billion. For more than a year investors have been pushing eBay to dump the classifieds division and ticket broker StubHub. In December, eBay announced a deal to sell StubHub to Viagogo for $4 billion.
Ebay Inc. stock rose 2.6% in Friday trading after a report from The Wall Street Journal said there's potential for a sale of the e-commerce company's classified ad business. The business could be worth about $10 billion. Sources say a number of groups have shown an interest in the business, including private-equity firms TPG and Blackstone Group Inc. The business operates mostly outside of the U.S. Without the classified arm, eBay would be left mostly with its core retail business. Ebay stock has gained 4.6% over the past year while the S&P 500 index is up 20.5% for the period.
Shares of struggling online retail marketplace eBay (NASDAQ:EBAY) have been largely range-bound over the past three years, bouncing between $30 and $40, as the company has struggled to compete in the dynamic e-commerce landscape.But, there's reason to believe that boring eBay stock could surge higher in 2020, thanks to the convergence of a few catalysts.First, revenue growth trends should improve as the company's ad business continues to expand. Core retail trends should also stabilize as the sizable internet sales tax headwind becomes less severe. Second, margin trends should improve, too, as management remains committed to cutting expenses. Third, the company's buyback program will get a big boost from the $3.1 billion sale of StubHub.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNet net, improving revenue growth trends plus improving margin trends plus bigger buybacks, equals supercharged profit growth. At 12.3-times forward earnings, eBay stock is not priced for supercharged profit growth. * 7 Failing Tech Stocks to Disconnect From Now Consequently, the convergence of big growth on a discounted valuation should propel shares meaningfully higher over the coming months. Big(ger) Growth is ComingThe bull thesis on eBay stock heading into 2020 centers around this idea that bigger profit growth is coming in 2020.That is, over the past several years, eBay has struggled to find its way in the crowded, competitive, and dynamic e-commerce landscape. So, while broader e-commerce sales have roared higher, eBay's revenues have struggled to even grow. At the same time, up until last year, eBay's profit margins were under intense pressure. The company's profit growth trends were exceptionally weak.This could all change in 2020. For a few reasons.First, eBay's online garage sale model has staying power because it offers consumers an alternate route to purchasing goods online. Because of its staying power, eBay's core retail growth trends should improve in 2020 once the internet sales tax headwind gets fully lapped. In 2019, U.S. states broadly implemented an internet sales tax which disproportionately hurt small sellers, from whom eBay makes the majority of its money -- by mid-year, eBay will have fully lapped this headwind, so the year-over-year numbers should improve.Even further, eBay's ad business is on fire, and management expects double-digit growth there to persist throughout 2020. Big picture: renewed core retail growth on top of sustained big ad growth should lead to healthy revenue growth for eBay this year.Second, margins will continue to expand meaningfully in 2020 thanks to management's commitment to cost-cutting. Third, the company just sold StubHub for $3.1 billion. Management plans to roll those proceeds into buybacks, and eBay's 2020 share buyback plans have expanded from $1.5 billion, to $4.5 billion.What does stabilizing revenue growth plus expanding margins plus more buybacks equal? Bigger profit growth. eBay Stock is CheapThe attractive thing about eBay stock is that shares aren't priced for bigger profit growth.The forward earnings multiple on this stock is just 12.3. For comparison purposes, the S&P 500 trades at 19x forward earnings, the technology sector trades at 23x forward earnings, and the consumer discretionary sector trades at 24x forward earnings. Also, peer e-retailers like Amazon (NASDAQ:AMZN) and Etsy (NASDAQ:ETSY) trade at 75x and 45x forward earnings multiples, respectively.In other words, eBay stock is dirt cheap.Sure, the cheapness is warranted by weak profit growth trends. But, if those profit growth trends perk up, then eBay stock could fly higher on multiple expansion.That's exactly what will happen in 2020. As bigger profit growth converges on eBay's dirt cheap valuation, the stock's 12.3x forward earnings multiple will meaningfully expand, and power sizable gains in the stock. Bottom LineeBay stock has been a sleeper for a long time. But, shares could wake up in 2020 as stabilizing revenue growth trends, expanding margins, and bigger buybacks fuel sizable profit growth. The combination of sizable profit growth and a dirt cheap valuation should result in the stock having a good year.As of this writing, Luke Lango was long ETSY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Failing Tech Stocks to Disconnect From Now * 5 Ideal Dividend Stocks for New Investors * 4 Stocks to Buy No Matter Who Wins the 2020 Election The post Why Boring eBay Stock Could Charge Up in 2020 appeared first on InvestorPlace.