Media stories about eBay (NASDAQ:EBAY) have been trending somewhat positive on Wednesday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. eBay earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave news stories about the e-commerce company an impact score of 43.703346862848 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- StubHub Launches Multi-Year Program To Support Music Education – Focused On Putting Music Instruments Into U.S. Classrooms (finance.yahoo.com)
- Behind eBay’s Rising Marketing Expenses (finance.yahoo.com)
- eBay launches AI-powered Shop the Celebrity Look as ‘distributed marketplace’ vision gathers pace (tamebay.com)
- Movable Ink Introduces Automated Content Sourcing (prweb.com)
- SelfStorageAuction and iBid4Storage Merge to Form the Only Worldwide Online Self-Storage Auction Company (feeds.benzinga.com)
Shares of eBay (NASDAQ:EBAY) traded up $0.01 on Wednesday, hitting $42.83. The stock had a trading volume of 11,663,252 shares, compared to its average volume of 11,570,000. eBay has a one year low of $31.89 and a one year high of $46.99. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.19 and a current ratio of 2.19. The company has a market cap of $43,350.00, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.50 and a beta of 1.20.
eBay announced that its Board of Directors has authorized a share repurchase program on Wednesday, January 31st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
A number of equities analysts have commented on EBAY shares. UBS Group restated a “buy” rating and set a $48.00 price objective (up previously from $44.00) on shares of eBay in a research note on Thursday, February 1st. Deutsche Bank set a $47.00 price objective on eBay and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Aegis restated a “buy” rating and set a $45.00 price objective on shares of eBay in a research note on Saturday, December 30th. SunTrust Banks upgraded eBay from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Friday, January 12th. Finally, Bank of America raised their price objective on eBay from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.46.
In related news, SVP Joo Man Park sold 4,924 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $42.67, for a total transaction of $210,107.08. Following the sale, the senior vice president now owns 55,340 shares in the company, valued at approximately $2,361,357.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Stephen Fisher sold 22,561 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $43.97, for a total value of $992,007.17. Following the sale, the senior vice president now owns 95,383 shares in the company, valued at approximately $4,193,990.51. The disclosure for this sale can be found here. Insiders have sold a total of 393,202 shares of company stock worth $16,971,727 in the last 90 days. 6.78% of the stock is currently owned by corporate insiders.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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