EBay will close the deal and upon deal close, it will no longer report active buyer GMV and related financials for eBay India. They issued an overweight rating and a $41.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company.
04/20/2017 - eBay Inc. had its "neutral" rating reiterated by analysts at Cantor Fitzgerald. The e-commerce company's shares dropped 4.5 per cent after wrapping up at US$33.85 at the New York Stock Exchange. The stock had a trading volume of 6,851,993 shares. The return on assets ratio of the Company was 34.60% while its return on investment ratio was 30.60%.
Shares of eBay were last seen down 2.6% at $32.99 on Thursday, with a consensus analyst price target of $35.15 and a 52-week trading range of $22.30 to $34.74. Hedge funds and other institutional investors own 85.86% of the company's stock. This represents an increase of approximately 505% compared to the typical volume of 5,383 put options.
"We-'re committed to winning in India through this partnership", he said in an analyst call in the USA following the company's first quarter earnings results for 2017 on Wednesday.
Also in terms of guidance for the coming quarter, the company expects net revenue to be in the range of $2.28 billion to $2.32 billion with EPS between $0.43 and $0.45.
Q1 revenue rose 3.7% to $2.2 billion, up 4% on an as-reported basis and 7% on a currency-neutral basis, according to a press release, in line with analyst expectations cited by Reuters for $2.21 billion. The company's quarterly revenue was up 3.7% compared to the same quarter a year ago. During the same period past year, the firm posted $0.47 earnings per share. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of global copyright & trademark legislation. The major reason being that it neither had the promptness of Flipkart, nor the customer focus of Amazon. The stock was sold at an average price of $33.77, for a total value of $560,615.77. Following the transaction, the chief accounting officer now directly owns 39,947 shares of the company's stock, valued at $1,155,666.71. Following the transaction, the vice president now owns 29,006 shares of the company's stock, valued at $964,449.50. The disclosure for this sale can be found here. I have no business relationship with any company whose stock is mentioned in this article.
Several large investors have recently modified their holdings of the company.
What happened with eBay this quarter? The company also began the roll out of a new, personalized homepage and announced new services that will be available later this year, including a Guaranteed Delivery program on millions of eligible items that arrive in three days or less, and an authentication program to boost consumer confidence when purchasing high-end merchandise. Henderson Group PLC increased its stake in eBay by 504.7% in the third quarter.
Shares of eBay EBAY, -3.91% dropped 2.7% in the past month, while the S&P 500 SPX, +0.76% lost 1%. "Last quarter was promising and we're back to uninspiring results this quarter".
Weing said in a statement, "The first quarter was a strong start to the year with accelerating growth in active buyers, revenue and our core USA business".