|Bid||37.90 x 700|
|Ask||37.91 x 2200|
|Day's Range||37.54 - 38.22|
|52 Week Range||27.28 - 39.28|
|PE Ratio (TTM)||5.70|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Amazon and eBay accused of turning blind eye to VAT fraud
Yahoo Finance's Seana Smith is tracking Ford, eBay and Apple in intraday trading on Tuesday.
Ebay (ticker: EBAY) is reporting its third-quarter earnings after the closing bell Wednesday. At least one analyst thinks the stock has modest upside ahead. Dan Salmon, the Internet analyst with BMO Capital Markets, gives the stock a value of $40 a share.
In this uber-bullish equity market, almost every dip has been a buy opportunity. It is difficult to compare the EBAY business model, but I liken it to Amazon.com Inc. (NASDAQ:AMZN) since they both are e-marketplaces. Expectations for eBay stock are somewhat bifurcated, with analyst opinions on both sides of the fence.
A UK parliamentary report has criticised Amazon (AMZN.O) and eBay (EBAY.O) for not doing enough to prevent tax fraud on their online market places and recommended the government hold the online giants accountable for tax lost to evaders. In April the National Audit Office said Britain was losing up to 1 billion pounds ($1.3 billion) a year in value-added-tax (VAT) because of fraud or error by frequently China-based sellers on eBay and Amazon. The Public Accounts Committee published the results of an investigation into the problem on Wednesday which said the companies had been slow to take even basic actions to tackle fraud, such as requesting VAT registration numbers.
A UK parliamentary report has criticized Amazon and eBay for not doing enough to prevent tax fraud on their online market places and recommended the government hold the online giants accountable for tax lost to evaders. In April the National Audit Office said Britain was losing up to 1 billion pounds ($1.3 billion) a year in value-added-tax (VAT) because of fraud or error by frequently China-based sellers on eBay and Amazon.
E-commerce company eBay Inc (NASDAQ: EBAY ) reports earnings after market close on Wednesday, October 18. So far this year, the stock has had quite a run and is up 26.58% heading into tomorrow’s report. ...
E-commerce company eBay is expected to release earnings after market close on Wednesday, October 18. Here’s a look at what might be expected from the company's third-quarter results.
On Wednesday after the bell, eBay (EBAY) will report earnings, and Susquehanna's S hyam Patil and his team expect a good quarter from the company. Patil reiterated a Positive rating and $41 price target on eBay today, writing that it's an attractive holding for long-term investors. More from his note: We believe the near-term focus remains on growth trends (for buyers, GMV, and revenue), progress with structured data, and newer initiatives (such as guaranteed delivery, price match guarantees, image search, and promoted listings). EBAY has guided for 2H revenue growth acceleration which the company expects to be driven by accelerating buyer and GMV growth.
Wal-Mart Stores • WMT-NYSE Neutral • Price $84.13 on Oct. 10 by MKM Partners We are more positive about the shares of the big retailer after its annual investor meeting in Arkansas, but we are maintaining our Neutral rating. Overall, we came away more positive on Wal-Mart’s ability to effectively adapt its model to the rapidly changing retail landscape.