eBay Inc (EBAY) is Reiterated by RBC Capital Mkts to Sector Perform, Lowers Price Target to $ 28

eBay Inc (EBAY) was Reiterated by RBC Capital Mkts to “Sector Perform” while Lowering the Price Target of the company shares to $ 28 from a previous price target of $29 . RBC Capital Mkts advised their investors in a research report released on Apr 27, 2016.

Many Wall Street Analysts have commented on eBay Inc. eBay Inc was Downgraded by Morgan Stanley to ” Underweight” on Apr 19, 2016. 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 .

On the company’s financial health, eBay Inc reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.45. The company had revenue of $2137.00 million for the quarter, compared to analysts expectations of $2081.10 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

eBay Inc closed down -0.29 points or -1.17% at $24.4 with 1,06,39,604 shares getting traded on Friday. Post opening the session at $24.61, the shares hit an intraday low of $24.37 and an intraday high of $24.97 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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