eBay Inc (EBAY) is Downgraded by Morgan Stanley to Underweight

eBay Inc (EBAY) was Downgraded by Morgan Stanley to ” Underweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Apr 19, 2016.

Many Wall Street Analysts have commented on eBay Inc. Shares were Downgraded by Barclays on Mar 29, 2016 to ” Underweight” and Lowered the Price Target to $ 25 from a previous price target of $28 .Shares were Reiterated by Axiom Capital on Feb 16, 2016 to “Buy” and Lowered the Price Target to $ 30 from a previous price target of $34 .Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Sector Perform” and Lowered the Price Target to $ 29 from a previous price target of $30 .

On the company’s financial health, eBay Inc reported $0.50 EPS for the quarter, based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $2322.00 million for the quarter, compared to analysts expectations of $2315.20 million. During the same quarter in the previous year, the company posted $0.90 EPS.

eBay Inc opened for trading at $24.8 and hit $25.47 on the upside on Monday, eventually ending the session at $25.31, with a gain of 0.36% or 0.09 points. The heightened volatility saw the trading volume jump to 59,54,699 shares. Company has a market cap of $28,920 M.

In a different news, on Mar 4, 2016, Paul S Pressler (director) purchased 4,180 shares at $23.94 per share price. According to the SEC, on Mar 1, 2016, Raymond J Pittman (SVP, Chief Product Officer,) sold 78,537 shares at $24.33 per share price. On Feb 18, 2016, Thomas J Tierney (director) sold 8,000 shares at $23.04 per share price, according to the Form-4 filing with the securities and exchange commission.

eBay Inc.(eBay) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs) to develop software and solutions for commerce. The Company’s segments include Marketplaces and Payments. The Company’s Marketplaces segment includes its ebay.com platform and its localized counterparts as well as other online platforms such as its online classifieds sites and StubHub. The Company’s Payments segment consists of its PayPal business. Its classifieds Websites include alaMaula BilBasen dba.dk eBay Classifieds (eBay Classifieds eBay Kleinanzeigen and eBay Annunci) Gumtree Kijiji iBazar 2dehands.be 2ememain.be LoQUo Marktplaats.nl and mobile.de. It also offers trust and safety programs including PayPal’s Seller Protection and Purchase Protection Programs through its PayPal. It offers mobile applications for iPhone iPad Android and Windows mobile devices.

eBay Inc

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