Online retailer eBay (NASDAQ: EBAY) saw its stock fall in late July after announcing second-quarter earnings that topped expectations, but included a weak guidance implying that shopping-from-home tailwinds are easing. That’s not good news for EBAY stock. Source: BigTunaOnline / Shutterstock.com But it’s not a deal-breaker, either.
Full Answer
How much did hedge funds bet on the stock market sell-off?
Archived from the original on August 26, 2015. Retrieved August 25, 2015. Hedge funds went into the sell-off bullish, with $1.5 trillion in long positions — bets that stocks will rise in price... ^ Egan, Matt (August 25, 2015).
How much did investors lose in the worst day in history?
Investors in worldwide stock markets lost more than the equivalent of 2 trillion United States dollars on 24 June 2016, making it the worst single day loss in history. The market losses amounted to a total of 3 trillion US dollars by 27 June 2016.
How much money was lost in the financial market in 2016?
The market losses amounted to a total of 3 trillion US dollars by 27 June 2016. By June 29, 2016, the markets had largely recovered. Britain's sovereign debt credit rating was lowered by Standard & Poor's, as was the European Union's.
What is the biggest single-day fall in Indian stock market?
In India, the Sensex recorded its biggest single-day fall of 1,624.51 points on August 24, ending the day down 5.94%. Indian investors registered losses worth over ₹ 7 lakh crore ( ₹7 trillion (US$93 billion)). In Europe, the main stock markets dropped at least 3% on August 24.
Why did PayPal spun off eBay?
“As separate, independent companies, eBay, led by Devin Wenig, and PayPal, led by Dan Schulman, will each have a sharper focus and greater flexibility to pursue future success in their respective global commerce and payments markets.
Is eBay doing well in 2021?
Though the total transacted value in Q1 2021 is only 3.4 percent higher than that of the previous quarter, it marks an impressive 29.2 percent year-over-year increase. In fact, at just over $3 billion, eBay's revenue in the first quarter of 2021 increased 42 percent year-over-year – the fastest growth rate since 2005.
When did eBay spin off PayPal?
A crisis is management's ultimate test. Last year eBay announced that it would be spinning off PayPal, the payments juggernaut that it acquired in 2002, into a standalone company with no ties to its parent.
Is eBay a good stock to 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.
Who is eBay's biggest competitor?
Amazon.com MarketplaceIn addition to eBay's biggest direct competitor, Amazon.com Marketplace (which doesn't offer an auction format), a number of alternatives to eBay exist for sellers looking to branch out into other independent online selling platforms. Here are some of the most popular eBay competitors, in alphabetical order.
Is eBay Losing Popularity?
Executives told investors and analysts on Wednesday (Oct. 27) that eBay had 154 million active buyers as of Sept. 30, down 5% year over year and the second quarter in a row of annual decline in buyers after months of pandemic-induced increases.
Who sold PayPal to eBay?
EBay (EBAY), one of the world's biggest online marketplaces, announced Wednesday that it's dropping PayPal as its main partner for processing payments in favor of Dutch company Adyen. The news prompted investors to offload PayPal (PYPL) stock, which fell more than 11% in after-hours trading.
Who owns eBay?
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 PayPal now?
eBayFrom this merger, PayPal was born. In 2002, PayPal was bought by eBay for $1.5 billion. eBay spun off PayPal in 2015, which would be listed as an independent entity. Today PayPal owns brands like Braintree, Venmo, Xoom, and iZettle.
Are eBay sales down 2022?
eBay's total sales in the first quarter were $2.48 billion. This is down 5.9% from the comparable period of 2021. eBay Inc. reported total gross merchandise volume (GMV) of $19.35 billion in its first fiscal quarter of 2022. This a drop of 20% from a year earlier and the fourth consecutive quarter of declines.
Will eBay stock go up?
Stock Price Forecast The 25 analysts offering 12-month price forecasts for eBay Inc have a median target of 55.00, with a high estimate of 67.10 and a low estimate of 42.00. The median estimate represents a +29.20% increase from the last price of 42.57.
Is eBay a good company to buy from?
eBay's stock price is reasonable right now. Even though eBay stock price is up 50% this year, the forward price-to-earnings (P/E) ratio on the stock is still reasonable. Trading at a forward P/E of 20, the stock is not expensive, considering that the company is such an excellent performer in terms of operating profits.
Is eBay growing or shrinking?
eBay's total sales in the first quarter were $2.48 billion. This is down 5.9% from the comparable period of 2021. eBay Inc. reported total gross merchandise volume (GMV) of $19.35 billion in its first fiscal quarter of 2022. This a drop of 20% from a year earlier and the fourth consecutive quarter of declines.
Is eBay going to grow?
Sales will shrink in Q1, management warned. eBay warned this week that sales volumes will remain negative into early 2022 as the company goes up against big spikes from a year earlier. That pressure will lesson as the year progresses, though, and eBay sees room to expand sales slightly in 2022.
Are eBay sales Down April 2021?
2020 was an exceptionally good year. Since March 2020 when the pandemic started, sales suddenly jumped several times higher than before. But good times don't last. Since April 2021, the sales gradually dropped back down.
Do eBay sales slow down in summer?
So when I first learned that summer is generally the slow season for ebay sales depending on who is selling what I thought I had experienced just that last year, my first real year selling seriously on ebay. Well that meant selling 8-10 items per month and most of those being in the $80-150 range.
What happened
Shares of eBay ( EBAY -0.64% ) were down 9.6% as of 3:15 p.m. EDT after the e-commerce leader announced reasonably solid third-quarter results but followed with a disappointing forward outlook.
So what
Regarding the former, eBay's quarterly revenue was roughly flat on a year-over-year basis, at $2.649 billion, but would have increased 2% had it not been for the negative impact of foreign-currency exchange.
NASDAQ: EBAY
The company's number of active buyers grew 4%, to 183 million this quarter. But revenue from its core Marketplace segment also grew a modest 1% at constant currencies, to $2.1 billion, and gross merchandise volume fell 2% at constant currencies, to $20.5 billion.
Now what
For the current fourth quarter of 2019, eBay sees revenue of between $2.77 billion and $2.82 billion, good for a change in organic currency-neutral growth of negative 1% to positive 1%, with adjusted net income per share of $0.73 to $0.76. Most analysts were modeling earnings near the top end of that range on revenue of $2.85 billion.
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What happened
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.
So 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.
Now what
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.
