|Bid||27.92 x 1300|
|Ask||27.93 x 1000|
|Day's Range||27.61 - 28.16|
|52 Week Range||27.61 - 46.99|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||41.89|
PayPal (PYPL), which separated from eBay (EBAY) in 2015, reported strong third-quarter results and guidance. Its earnings and revenues beat Wall Street expectations, driven by an increase in payment volumes led by its peer-to-peer payment app, Venmo.
It is a cruel bit of irony that eBay’s current woes come just as the e-commerce pioneer was proving that it still had a business worth stealing. EBay’s shares have shed nearly 10% over the past two trading sessions, starting their retreat when former subsidiary PayPal reported late last week that payment volumes associated with the eBay Marketplace business grew by only 3% year over year during the third quarter. Because PayPal is believed to still handle the vast majority of transactions on eBay, analysts took the disclosure as a bad sign for the auction and e-commerce site’s own third-quarter results, due next week.
Some analysts are sounding bearish notes ahead of eBay’s announcement of third-quarter financial results, scheduled for next week.
The bullish case for eBay Inc (NASDAQ: EBAY ) can no longer be justified amid the company's underperformance versus the broader e-commerce industry, according to Bank of America Merrill Lynch. The Analyst ...
Here are some of the companies with shares expected to trade actively in Monday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Payment company PayPal (PYPL), which spun off from eBay (EBAY) in 2015, delivered 14.0% revenue growth to $3.68 billion in the third quarter. This growth topped analysts’ estimates of $3.66 billion. However, this growth could have reached 21.0% if the company had not sold PayPal’s US consumer credit portfolio to Synchrony Financial (SYF) in July.
The recent pullback has meant that eBay has fallen 24% in 2018. During its earnings call, PayPal (PYPL) reported a slowdown in merchandise volume at eBay, which led to a downgrade in stock ratings for the company. According to PayPal, eBay’s TPV (total payment volume) rose 3% YoY (year-over-year) in the third quarter compared to a 6% rise in the prior two quarters of 2018.
EBay Inc. said Monday that it has launched a program, eBay Instant Selling, to help consumers sell used, unwanted smartphones. Users will get paid instantly with an eBay voucher once the phone is listed. An eBay study showed that 40% of Americans have two or more smartphones that they no longer use, but 61% have never sold or traded a smartphone. EBay also says it provides a higher return than trade-in values, for instance offering up to $639 for an iPhone X while AT&T Inc. offers $550. EBay shares are up 0.3% in Monday premarket trading, but down nearly 24% for the year to date. The S&P 500 index has gained 3.5% for 2018 so far.
Fans can bid on a VIP experience at the Daytona 500 plus meet-and-greets with Richard Petty, Chase Elliott, Joey Logano, and more, all to benefit children through The NASCAR Foundation SAN JOSE, Calif. ...
SAN JOSE, Calif., Oct. 22, 2018 /PRNewswire/ -- For consumers looking for the quickest and easiest way to sell their unwanted smartphones with instant gratification, eBay has announced the launch of eBay Instant Selling. Standard smartphone trade-in providers typically offer 40 to 50 percent off the average market selling price, while eBay provides a higher return – up to 40% higher than trade-in values, on average1. A recent study2 commissioned by eBay found that while a majority of Americans (61%) have never sold or traded in a smartphone they no longer use, 2 in 5 (40%) have two or more unused smartphones currently in their home.
NEW YORK, NY / ACCESSWIRE / October 22, 2018 / eBay shares were crushed on Friday as an analyst expressed his concern over the company ending its partnership with PayPal. Shares of Skechers were flying higher after the company reported third quarter results and analysts reiterated strong ratings on the stock. PayPal's CEO Dan Schulman had said some concerning things about eBays decision to cut ties with partner PayPal this past January.
Nearly half of 8,500 teens (47%) surveyed by Piper Jaffray named Amazon their favorite shopping website. The share is up three percentage points from 44% this spring and leads other competitors by a wide margin. The second “most preferred shopping website” is Nike.com at 5%.
Today's major tech stories include Google Home Hub reviews, eBay's new instant selling service for mobile phones and an update to Samsung's Windows mixed reality headset.