EBay (EBAY) Posts Q1 Earnings Beat, Revenue Climbs 4%


On Monday, Shares of eBay Inc (NASDAQ:EBAY) gained 0.32% to $34.44.

eBay Inc. (EBAY) is expected to post revenue of $2.32 Billion in the current quarter, according to consensus of 30 analysts. Monness Crespi & Hardt reaffirmed a "buy" rating and issued a $35.00 price target on shares of eBay in a research note on Saturday, January 28th.

According to sentiments of 34 analysts the mean estimates of short term price target for the company's stock is marked at $34.86.

eBay Inc. (EBAY)'s distance from 200 day simple moving average is 10.22 percent, its distance from 50 day simple moving average is 1.31 percent, while its distance from 20 day simple moving average is 0.62 percent. Principal Financial Group Inc. raised its position in eBay by 11.6% in the third quarter. Canaccord Genuity reiterated a "hold" rating and issued a $31.00 price target on shares of eBay in a report on Wednesday, March 1st. The company reported revenue of $2.21 Billion in the same period previous year. The P/E ratio was recorded at 5.29.The volatility in the previous week has experienced by 1.55% and observed of 1.62% in the previous month.87.10% ownership is held by institutional investors while insiders hold ownership of 6.70%. Wetherby Asset Management Inc. now owns 19,507 shares of the e-commerce company's stock worth $579,000 after buying an additional 75 shares in the last quarter.

EPS in next five year years is expected to touch 7.32% while EPS growth in past 5 year was 21.00% along with sales growth of -5.10% in the last five years.

These results exceeded eBay's guidance, which called for revenue between $2.17 billion and $2.21 billion, and adjusted earnings per share in the range of $0.46 to $0.48. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.40 billion. eBay had a return on equity of 24.13% and a net margin of 80.92%. eBay's revenue for the quarter was up 3.1% on a year-over-year basis. The stock was sold at an average price of $33.28, for a total value of $200,145.92. Following the sale, the senior vice president now directly owns 97,023 shares of the company's stock, valued at $3,276,466.71.

eBay Inc. (EBAY) belongs to the "Services" sector with an industry focus on "Specialty Retail, Other", with Mr. Devin N. Wenig as Chief Exec. Officer, Pres and Director.

eBay repurchased 10 million shares during the quarter for $350 million, leaving $986 million under eBay's total repurchase authorization.

"The first quarter was a strong start to the year with accelerating growth in active buyers, revenue and our core USA business", Devin Wenig, eBay's president and CEO, said in a press release.

Beat earnings estimates. The company posted earnings of $0.49 per share (excluding $0.51 from non-recurring items), topping the Zacks Consensus Estimate of $0.40 per share.

eBay Inc. (EBAY) has a market capitalization of 37.17 Billion. There may be various price targets for a stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Shares of eBay traded down around $33.09 in after-hours trade. Following the completion of the sale, the director now directly owns 28,525 shares in the company, valued at approximately $949,312. Also, VP Brian J. Doerger sold 6,660 shares of the firm's stock in a transaction dated Thursday, February 9th. The stock is presently trading down its SMA-50 of $0.03. The shares were sold at an average price of $33.25, for a total value of $221,445.00. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

Sports and concert ticket platform StubHub brought in $210 million in revenue, up 18 percent year-over-year, representing a growing portion of eBay's business. The Company connects buyers and sellers around the world.