EBAY - eBay Inc.
37.58 +0.05 (0.13%)
After hours: 7:47PM EST
| Previous Close | 37.87 |
| Open | 38.03 |
| Bid | 37.55 x 1800 |
| Ask | 38.00 x 800 |
| Day's Range | 37.52 - 38.05 |
| 52 Week Range | 33.53 - 42.00 |
| Volume | 6,352,760 |
| Avg. Volume | 10,166,939 |
| Market Cap | 29.877B |
| Beta (5Y Monthly) | 1.24 |
| PE Ratio (TTM) | 17.93 |
| EPS (TTM) | 2.09 |
| Earnings Date | Apr 20, 2020 - Apr 26, 2020 |
| Forward Dividend & Yield | 0.64 (1.72%) |
| Ex-Dividend Date | Feb 27, 2020 |
| 1y Target Est | 38.91 |
- MarketWatch
Would you tell secrets to Alexa or Siri? How AI therapists could save you time and money on mental health care
People reveal more personal and intimate details to human-like apps and bots that can ‘sense’ emotions and concerns.
- American City Business Journals
Sources: eBay to invest in startup with returns in mind
Sources tell the Business Journal that eBay is turning its eye toward the profit potential of re-marketing online merchandise returns — a $41 billion market in the U.S.
- MarketWatch
This is the cheapest time to visit Disneyland and Disney World
Disney increased the prices of some tickets and passes for its theme parks in California and Florida.
- TheStreet.com
Top 7 eBay Scams to Avoid
For many consumers, eBay is the go-to for buying and selling goods online - from old clothes to a new Xbox. But, what are some eBay scams you need to look out for? And how can you avoid them?
- Reuters
US STOCKS-S&P 500, Nasdaq gain on Nvidia, White House stock incentive report
The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks. Uncertainties surrounding the coronavirus epidemic and downbeat economic data had put a damper on investor sentiment for much of the day.
ReutersUS STOCKS-Wall Street slips as coronavirus dampens optimism
Wall Street edged lower on Friday as uncertainties surrounding the coronavirus epidemic and downbeat economic data put a damper on investor sentiment. While the S&P 500 and the Nasdaq were down only modestly, the industrials-heavy Dow suffered a larger decline.
- Barrons.com
Ebay Stock Is Up Because Investors Like Its Future After StubHub
Ebay completed the sale of Stubhub and expanded its share-buyback plan. The company also offered revised earnings guidance.
ReutersUS STOCKS-S&P 500, Dow little changed amid coronavirus worries; Nvidia forecast buoys Nasdaq
The S&P 500 and the Dow barely moved on Friday, as worries over an economic hit from the coronavirus outbreak refrained investors from making big bets ahead of a long weekend, while gains in Nvidia shares kept the Nasdaq in positive territory. Adding to the downbeat sentiment were a Commerce Department retail sales report showing consumer spending likely slowed further in January and data indicating industrial production fell more than expected last month.
- Reuters
US STOCKS-Upbeat earnings lift futures ahead of retail sales data
U.S. stock index futures rose on Friday, lifted by a handful of positive earnings reports, while investors kept a close watch on retail sales data and assessed the economic fallout of the coronavirus outbreak. Nvidia Corp jumped 6.4% in premarket trading as it forecast first-quarter revenue that topped analysts' expectations, reinforcing expectations of a rebound in chip demand. Shares of rival Intel Corp rose 0.6%, while Advanced Micro Devices Inc gained 1.6%.
- Reuters
EBay raises share buyback plan, forecasts strong first-quarter profit
EBay expects to post first-quarter adjusted profit of between 72 cents and 75 cents, while analysts are expecting 72 cents, according to Refinitiv data. The outlook reflects the benefit of share buybacks and investment timing, offset by the impact of the StubHub sale, the company said. In November 2019, the company agreed to sell StubHub to Viagogo Ltd for $4.05 billion nearly a year after the ecommerce major came under pressure from activist investors to hive off some of its businesses.
- PR Newswire
eBay Completes Sale of StubHub
eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that it has completed the sale of StubHub to viagogo for $4.05 billion in cash.
- GuruFocus.com
Robert Olstein Adds ViacomCBS, NOW to Portfolio
Guru discloses trades for the 4th quarter Continue reading...
- Barrons.com
Intercontinental Exchange’s Busted Bid for eBay Is an Opening for Investors
CEO Jeff Sprecher is a visionary—but his latest move was rebuffed by the market, which isn’t as farseeing as he is. How to play the disconnect with options.
- Reuters
Google takes on EU in court over record antitrust fines
Google will on Wednesday seek to overturn the first of three hefty European Union antitrust fines at Europe's second-highest court in a landmark case that could determine how EU enforcers take on U.S. tech giants for abuse of market power. EU regulators said this penalty was for Google's favouring its own price comparison shopping service to the disadvantage of smaller European rivals. The EU has fined Google a total of 8.25 billion euros in three separate cases, including one involving its Android smartphone operating system.
- PR Newswire
eBay Study Finds That Selling Through Online Marketplaces Enables Small Business Owners and Entrepreneurs Worldwide to Reinvest in Their Local Communities
eBay Inc. (Nasdaq: EBAY), a global commerce leader, today announced the launch of its Global Marketplace Index (GMI) measuring the impact of online marketplaces like eBay in creating economic opportunities that empower small business owners and entrepreneurs.
- Barrons.com
MercadoLibre Stock Falls as Losses Widen But Sales Impress
MercadoLibre stock fell 4.4% in pre-market trading as the eBay of Latin America reported a larger-than-expected loss in the fourth quarter due to investment in marketing.
- Thomson Reuters StreetEvents
Edited Transcript of EBAY earnings conference call or presentation 28-Jan-20 10:00pm GMT
Q4 2019 eBay Inc Earnings Call
- American City Business Journals
Consultants on eBay's Managed Delivery fulfillment program: 'You can never, ever come close to competing with Amazon'
EBay's push to offer fulfillment through third-party logistics partners was quietly ended in December. Two consultants with ties to eBay told us why.
- Barrons.com
Intercontinental Exchange Stock Slid on the eBay Bid. Now’s the Time to Buy, Analyst Says.
Intercontinental Exchange’s attempt to buy eBay confounded Wall Street and also provided a good entry point for investors wanting to buy into the stock.
- InvestorPlace
ICE’s Outside-the-Box Purchase of eBay Dies On the Table
The news first hit the internet on February 4. The Wall Street Journal reported that Intercontinental Exchange (NYSE:ICE), the owners of the New York Stock Exchange, had made an offer of more than $30 billion for eBay (NASDAQ:EBAY). EBAY stock jumped by more than 8%. Source: Mano Kors / Shutterstock.com For eBay shareholders, it was good while it lasted. ICE Threw Cold Water on eBay StockTwo days later, ICE CEO Jeff Sprecher announced that the company had broken off talks with eBay. As I write this, eBay is down almost 7% in pre-market trading Feb. 7, 2020. That downward trend is likely to carry into Friday's trading. InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhen I first saw the news fly across my screen that ICE was making a play for eBay, much like the news Kobe Bryant had died, it took me a few seconds to process. * 7 Utility Stocks to Buy That Offer Juicy Dividends Why on god's green earth would the owner of the NYSE want to buy a company that helps people sell stuff? Many of ICE's investors felt the same way, voicing their concerns to Sprecher directly. "Based on investor conversations following today's ICE earnings call, ICE has decided to cease exploring strategic opportunities with EBay," the exchange said in a statement.From ICE's perspective, its obvious how the attributes of its business of running marketplaces on a large scale could be helpful to big companies looking to reinvigorate their operations or small ones trying to scale up. Sometimes, the unconventional works; this time, it didn't. If you own ICE stock, I wouldn't be concerned about its outside-the-box play for eBay. It shows how management is always considering ways to make ICE better while delivering value to shareholders; that's gold.But as for eBay, it demonstrates how rudderless the company is at the moment.If you own eBay stock, you better hope that some other buyer comes along in the not-too-distant future that is a more conventional fit because there appears few if any catalysts to it higher. Signs eBay is FalteringCNBC reported February 5 that eBay had ended its employee shuttle service for commuters in the San Francisco Bay Area. That comes after laying off 102 employees in San Francisco and Seattle. The company says not enough people were using the service, but it appears the real reason was to satisfy activist investors Elliott Management and Starboard Value. According to Bloomberg, Starboard is pushing the company to jettison its classifieds business while also setting loftier expectations for itself, including doing more with less. Hence, the cuts mentioned above. "In order to achieve the optimal outcome, we believe classifieds must be separated, and a more comprehensive and aggressive operating plan must be put in place to drive profitable growth in the core marketplace business," Peter Feld, the head of research for Starboard Value, stated in a letter to the company.Just as it had no interest in selling out to ICE, eBay appears to have little desire to meet the demands of the activists. At least not to the extent Starboard would like.Frankly, even though I believe that eBay is not a stock worth owning given its lack of direction, I find it amazing that these two investors -- Starboard own a little more than 1% and Elliott owns 1.4% -- who combined have less than half the ownership stake of founder Pierre Omidyar, dare to push their weight around like they own the place. They might have a lot of good points to make, but activism of this kind illustrates how the deck is stacked in favor of the 1%. But, I digress. Competition is Hurting BusinesseBay continues to fall behind its eCommerce rivals and the addition of sales taxes is only going to make its recovery that much more difficult. As the Financial Times reported in late January, a total of 33 states, including three biggies: California, Texas and New York, have already implemented internet sales taxes and more are expected to follow. "This rollout happened faster than anticipated and affected small businesses and consumer sellers requiring marketplaces to collect and remit on their behalf," said Scott Schenkel, eBay's interim chief executive. eBay believes a national internet sales tax makes sense to reduce the burden on small businesses. The reality is that eBay's revenue grew by just 2% in 2019, excluding currency, a figure that hardly instills fear at Amazon (NASDAQ:AMZN) headquarters. Shareholders can be thankful that it still managed to pull in $2.4 billion in non-GAAP profits from its ongoing operations. So, even though it's broken, the lights aren't about to go out in San Jose. The Bottom Line on EBAY StockIn fiscal 2019, eBay had $2.6 billion in free cash flow. Based on a current enterprise value of $30.0 billion, it has an FCF yield of 8.7%. Anything above 8%, I consider value territory. From this perspective, I can see why Starboard and Elliott are interested in eBay stock. It's a value play for sure. But as I said in November, I would still rather own its former stablemate, PayPal (NASDAQ:PYPL). Its future is much clearer. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post ICEas Outside-the-Box Purchase of eBay Dies On the Table appeared first on InvestorPlace.
- Reuters
US STOCKS-Wall St set to ease from record highs at open after jobs report
Wall Street was set to ease from record highs at the open on Friday as investors assessed the U.S. employment report for January that showed acceleration in jobs growth but included a downward revision to certain previous numbers. Nonfarm payrolls increased by 225,000 jobs last month, the Labor Department's data showed, much higher than 160,000 jobs additions expected by economists polled by Reuters.
- Benzinga
Benzinga Pro's Top 5 Stocks To Watch For Fri., Feb. 7, 2020: EBAY, GOOS, SPR, RCL, XNET
Benzinga Pro's Stocks To Watch For Friday eBay (EBAY) - Shares were down about 6% ahead of the open following a late-Thursday report an Intercontinental Exchange (ICE) exec said management has decided ...
- Investor's Business Daily
Dow Jones Futures Fall Before Jobs Report: Uber, Lyft Move To Buy Zones; Pinterest, Bill.com, eBay Are Big Movers
After hours: Uber rose into a buy zone on its results. So did archrival Lyft. Pinterest, Bill.com and eBay also moved on news.
ReutersUS STOCKS-Futures back off after four-day rally ahead of crucial jobs report
U.S. stock index futures retreated on Friday following a four-day run this week that lifted the Wall Street's main indexes to record highs, with attention turning to the crucial monthly jobs report. The Labor Department's data is likely to show U.S. job growth picked up in January, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment. At 6:59 a.m. ET, Dow e-minis were down 110 points, or 0.38%.
