Why did eBay stock drop more than 10% on Thursday?
Shares of eBay slid more than 10% on Thursday. The company on Wednesday gave lighter-than-expected earnings guidance for the current quarter. EBay and other online marketplaces are under pressure from investors to prove that they can sustain the pandemic-fueled boost to their businesses.
What are the price targets for eBay's stock?
28 Wall Street analysts have issued 1 year price targets for eBay's stock. Their forecasts range from $30.00 to $56.00. On average, they expect eBay's stock price to reach $42.26 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price.
Is eBay a value stock to buy?
However, consider that eBay has generated nearly $3 billion in FCF over the past four quarters, meaning the stock trades right around 12 times trailing FCF. That's a value stock in today's market and could be a good bargain if this company continues to make progress on new revenue-growth drivers like managed payments and promoted listings.
How much of eBay's stock is owned by institutions?
84.71% of the stock of eBay is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Earnings for eBay are expected to grow by 13.47% in the coming year, from $3.34 to $3.79 per share.
Is eBay stock a buy now?
EBAY is currently valued by the market at a consensus forward next twelve months' normalized P/E of 11.9 times as per S&P Capital IQ. This is lower than the stock's five-year mean consensus forward P/E multiple of around 14.9 times.
Is eBay stock expected to rise?
Stock Price Forecast The 25 analysts offering 12-month price forecasts for eBay Inc have a median target of 50.60, with a high estimate of 67.10 and a low estimate of 36.00. The median estimate represents a +8.42% increase from the last price of 46.67.
What was eBay's highest stock price?
The all-time high EBay stock closing price was 80.59 on October 22, 2021. The EBay 52-week high stock price is 81.19, which is 73.9% above the current share price. The EBay 52-week low stock price is 40.52, which is 13.2% below the current share price.
How much was eBay stock when it first came out?
Amid the most sluggish initial public offering market in nearly a decade, Internet auction company eBay went public Thursday at $18 per share.
Will Etsy go up?
On TipRanks, Etsy scores a Strong Buy consensus rating that breaks down into nine Buys and three Holds. The average Etsy price target of $194.58 implies 97.72% upside potential from current levels.
How many times has eBay stock split?
Over the years, eBay's stock had 2-for-1 splits in 2003 and 2005, which quickly increased your holdings to 1,200 eBay shares. The stock then went quiet with no splits or dividends for the next decade.
What was Amazon stock price in 1997?
Amazon share was priced at $1.5 in 1997, recalls Jeff Bezos.
What was the IPO for eBay?
eBay is registered under the ticker NASDAQ:EBAY . Their stock opened with $18.00 in its Sep 24, 1998 IPO.
Who owns eBay now?
Pierre OmidyarPierre Omidyar founded online auction firm eBay in 1995 and now serves on the company's board. In 2002 eBay bought online payment company PayPal and spun it off in 2014. Omidyar currently owns 5% of eBay and 6% of Paypal.
Who owns eBay today?
Pierre Omidyar Owns eBay Company He has invested over $1.5 billion in impact investments and nonprofits that address global issues through his Omidyar Network, which he founded in 2004.
What does the E in eBay stand for?
The company officially changed the name of its service from AuctionWeb to eBay in September 1997, after Echo Bay Technology Group, Omidyar's consulting firm. The domain name echobay.com was already taken by a gold mining company, so Omidyar shortened it to eBay.com.
Is eBay stock a Buy, Sell or Hold?
eBay stock has received a consensus rating of buy. The average rating score is Baa1 and is based on 37 buy ratings, 26 hold ratings, and 1 sell rat...
What was the 52-week low for eBay stock?
The low in the last 52 weeks of eBay stock was 43.28. According to the current price, eBay is 103.37% away from the 52-week low.
What was the 52-week high for eBay stock?
The high in the last 52 weeks of eBay stock was 81.19. According to the current price, eBay is 55.11% away from the 52-week high.
What are analysts forecasts for eBay stock?
The 64 analysts offering price forecasts for eBay have a median target of 65.92, with a high estimate of 91.00 and a low estimate of 42.00. The med...
Should I buy or sell eBay stock right now?
25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for eBay in the last twelve months. There are currently 1 s...
What is eBay's stock price forecast for 2022?
25 Wall Street analysts have issued 1-year target prices for eBay's stock. Their forecasts range from $42.00 to $90.00. On average, they predict eB...
How has eBay's stock price performed in 2022?
eBay's stock was trading at $66.50 at the beginning of 2022. Since then, EBAY shares have decreased by 33.4% and is now trading at $44.28. View th...
When is eBay's next earnings date?
eBay is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forecast for eBay .
How were eBay's earnings last quarter?
eBay Inc. (NASDAQ:EBAY) posted its quarterly earnings data on Wednesday, May, 4th. The e-commerce company reported $0.89 earnings per share (EPS) f...
How often does eBay pay dividends? What is the dividend yield for eBay?
eBay declared a quarterly dividend on Wednesday, May 4th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $0.22 per share...
Is eBay a good dividend stock?
eBay(NASDAQ:EBAY) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.88%. eBay has been increasing its dividend for...
How will eBay's stock buyback program work?
eBay announced that its board has approved a share buyback plan on Wednesday, August 11th 2021, which allows the company to buyback $3,000,000,000....
What guidance has eBay issued on next quarter's earnings?
eBay updated its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $0.87-$0.91 for the period, compar...
How much stock can I repurchase on eBay in 2021?
How much is eBay stock worth in 2020?
eBay announced that its board has approved a stock repurchase plan on Wednesday, February 3rd 2021, which allows the company to repurchase $4,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are often an ...
How many hold ratings are there for eBay?
eBay's stock was trading at $34.83 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, EBAY stock has increased by 110.3% and is now trading at $73.26. View which stocks have been most impacted by COVID-19.
When did eBay release its earnings?
There are currently 13 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" eBay stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EBAY, but not buy additional shares or sell existing shares.
Is Marketbeat better than eBay?
eBay Inc. (NASDAQ:EBAY) released its quarterly earnings results on Wednesday, April, 28th. The e-commerce company reported $1.09 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.07 by $0.02.
eBay stock news
What stocks does MarketBeat like better than eBay? Wall Street analysts have given eBay a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains.
eBay stock analysis: technical view
On November 14, eBay announced that it had completed the transfer of 80% of its Korean business unit to Emart for $3bn in gross cash proceeds as part of an effort to focus on growing the core US market.
eBay fundamental analysis
The decline that began in October after the company published its Q3 2021 earnings report has pushed the price to a relevant support area.
eBay stock forecast: Analyst sentiment and price targets
On 27 October, eBay reported its financial results covering the third quarter of 2021. Total revenues for the period landed at $2.5bn, resulting in an 11% jump on a year ago. Earnings per share landed at $0.9, resulting in an 8 cents increase compared to Q3 2020.
Why did eBay sue?
Commenting on the eBay future value, David Jones, Capital.com’s Chief Market Strategist, said: “Despite setting all-time highs in October, the stock price of eBay has been hit hard since then, dropping back 20% since then, which is a sizeable move in a major tech stock.
How much did goat group raise?
eBay sued after former employees 'terrorised' critical bloggers. A couple who were subjected to a campaign of stalking and harassment by eBay employees have sued the company for damages over the emotional stress caused by the tech giant.
Is eBay selling to Emart?
GOAT Group, an online sneaker marketplace, said on Thursday it had raised $195 million in a late-stage funding round that more than doubled its valuation to $3.7 billion. The financing was led by Park West Asset Management, funds and accounts advised by T Rowe Price Associates Inc, Franklin Templeton, Adage Capital Management and Ulysses Management. Founded in 2015, GOAT was valued at $1.8 billion in a prior funding round in September last year.
Who owns eBay in Korea?
eBay (EBAY) is offloading a majority stake in its Korean business to Emart. The e-commerce giant has reached an agreement to sell an 80.01% stake in G-9, G-Market, and IAC. The company is to retain a 19.9% stake in the businesses valued at about $0.8 billion. eBay is to receive $3 billion from the sale. The transaction should close by year-end or early next year, subject to regulatory approvals. One of the requirements includes the Bank of Korea approving fillings related to foreign exchange tra
Who is the CEO of Payoneer?
South Korean retailer Shinsegae Group's E-Mart Inc said on Thursday it plans to acquire an 80% stake in eBay Inc's South Korean business for 3.4 trillion won ($3 billion). With the deal, traditional retail giant Shinsegae gets a much-needed boost in the Korean e-commerce sector, where it has lagged after competitors such as No. 1 Coupang, while eBay Korea gains a powerful backer after years of underperforming, analysts said. EBay will retain a 20% interest in the Korean business, whose implied value is approximately $3.8 billion, eBay said in a statement.
Can this mature business continue growing as we get closer to a postpandemic world?
Payoneer CEO Scott Galit and FTAC Olympus Acquisition Corp Chairman of the Board of Directors Betsy Cohen joins Yahoo Finance Live to break down the payments provider's SPAC debut, along with the outlook for the SPAC market post-pandemic.
What happened
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So what
Shares of eBay ( NASDAQ:EBAY) got crushed on Thursday after the company reported financial results for the first quarter of 2021. Q1 results were actually quite strong, but Wall Street didn't like the company's forward guidance. As a result, the stock was down 11% as of 10:15 a.m. EDT.
Now what
For Q1, eBay's revenue grew to more than $3 billion, which was up 42% from the comparable quarter last year. And net income was even better, sporting a year-over-year increase of 45%. During the quarter, the company also generated $855 million in free cash flow (FCF), which was available for buying back shares and paying its quarterly dividend.
NASDAQ: EBAY
Modest user growth explains why eBay's outlook is tepid. As we move farther away from the coronavirus lockdowns, its business seems to be normalizing. Management is guiding for second-quarter revenue of $2.98 billion to $3.03 billion, which is 12% to 14% year-over-year growth. However, that's flat from Q1.
The company offers hints of potential amid earnings uncertainty
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Slowing growth spooks investors
eBay ( EBAY -4.29% ) stock slid immediately following the release of its third-quarter earnings results on Oct. 27, despite posting strong revenue and earnings numbers. Weak revenue guidance came under the spotlight as ongoing reopenings reversed some of the temporary sales gains during the pandemic.
Why eBay still has room to run
Admittedly, the quarter painted a mixed picture. Gross merchandise volume (GMV) fell 10% year over year to $19.5 billion as selling activity fell from the unusually high levels in 2020. Nonetheless, eBay now retains a higher percentage of that transaction volume as revenue, which grew 11% to $2.5 billion.
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A key factor investors should consider is the change in the company's direction under CEO Jamie Iannone. Previously an eBay executive, Iannone returned to the company after spearheading e-commerce sales at Walmart. Revenue was surging when he took the job in April 2020 as lockdowns drove consumers to shop online.