Ebay Inc (NASDAQ:EBAY) Move as Institutional Investors’ Sentiment Crashes

June 28, 2018 - By Nellie Frank

eBay Inc. (NASDAQ:EBAY) Logo

Sentiment for Ebay Inc (NASDAQ:EBAY)

Ebay Inc (NASDAQ:EBAY) institutional sentiment decreased to 0.79 in Q1 2018. Its down -0.13, from 0.92 in 2017Q4. The ratio fall, as 283 active investment managers started new and increased equity positions, while 358 cut down and sold their holdings in Ebay Inc. The active investment managers in our partner’s database now own: 835.10 million shares, down from 870.62 million shares in 2017Q4. Also, the number of active investment managers holding Ebay Inc in their top 10 equity positions decreased from 15 to 13 for a decrease of 2. Sold All: 44 Reduced: 314 Increased: 180 New Position: 103.

eBay Inc. operates commerce platforms that connect various buyers and sellers worldwide. The company has market cap of $35.64 billion. The Company’s platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. It currently has negative earnings. The companyÂ’s Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and Ticketbis platforms that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

The stock decreased 1.21% or $0.44 during the last trading session, reaching $35.86. About 1.63M shares traded. eBay Inc. (NASDAQ:EBAY) has risen 7.72% since June 28, 2017 and is uptrending. It has underperformed by 4.85% the S&P500.

Analysts await eBay Inc. (NASDAQ:EBAY) to report earnings on July, 19. They expect $0.39 earnings per share, up 14.71 % or $0.05 from last year’s $0.34 per share. EBAY’s profit will be $387.65M for 22.99 P/E if the $0.39 EPS becomes a reality. After $0.41 actual earnings per share reported by eBay Inc. for the previous quarter, Wall Street now forecasts -4.88 % negative EPS growth.

Shannon River Fund Management Llc holds 7.85% of its portfolio in eBay Inc. for 777,806 shares. Independent Franchise Partners Llp owns 19.01 million shares or 6.79% of their US portfolio. Moreover, Lindsell Train Ltd has 6.21% invested in the company for 5.84 million shares. The New York-based Kingstown Capital Management L.P. has invested 5.97% in the stock. Smead Capital Management Inc., a Washington-based fund reported 2.12 million shares.

Since January 1, 0001, it had 0 insider purchases, and 10 insider sales for $14.64 million activity.

eBay Inc. (NASDAQ:EBAY) Ratings Coverage

Ratings analysis reveals 58% of Ebay’s analysts are positive. Out of 24 Wall Street analysts rating Ebay, 14 give it “Buy”, 1 “Sell” rating, while 9 recommend “Hold”. The lowest target is $40.0 while the high is $60. The stock’s average target of $47.55 is 32.60% above today’s ($35.86) share price. EBAY was included in 37 notes of analysts from January 2, 2018. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, February 1. The stock of eBay Inc. (NASDAQ:EBAY) earned “Outperform” rating by RBC Capital Markets on Thursday, February 1. The firm has “Buy” rating given on Wednesday, January 31 by SunTrust. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, April 18. The stock of eBay Inc. (NASDAQ:EBAY) earned “Buy” rating by UBS on Thursday, February 1. UBS maintained the stock with “Buy” rating in Thursday, April 26 report. Robert W. Baird maintained it with “Buy” rating and $52.0 target in Thursday, February 1 report. Piper Jaffray maintained eBay Inc. (NASDAQ:EBAY) rating on Thursday, February 1. Piper Jaffray has “Hold” rating and $42.0 target. Monness upgraded it to “Buy” rating and $4800 target in Friday, April 13 report. The rating was maintained by Cowen & Co on Thursday, February 1 with “Hold”.

More notable recent eBay Inc. (NASDAQ:EBAY) news were published by: Nasdaq.com which released: “3 Numbers Most People Don’t Know About eBay” on June 14, 2018, also Prnewswire.com with their article: “eBay to Beat Competitor Prices with 110% of the Price Difference on Deals and Top Products – No Summer Blackouts …” published on June 27, 2018, Seekingalpha.com published: “Similar To Uber, eBay Network Effects Offer Big Upside” on June 11, 2018. More interesting news about eBay Inc. (NASDAQ:EBAY) were released by: Prnewswire.com and their article: “Celebrity Designer Partners With eBay.co.uk to Celebrate Pride” published on June 28, 2018 as well as 247Wallst.com‘s news article titled: “FCC Wants Amazon, eBay to Stop Selling Fake Set-Top Boxes” with publication date: May 30, 2018.

eBay Inc. (NASDAQ:EBAY) Institutional Positions Chart

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