eBay Inc (EBAY) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $0.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.42. The company posted revenue of $2230.00 million in the period, compared to analysts expectations of $2173.50 million. The company’s revenue was up 5.7% compared to the same quarter last year.
Many Wall Street Analysts have commented on eBay Inc. Maxim Group Initiated eBay Inc on Jun 23, 2016 to “Buy”, Price Target of the shares are set at $36.Shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform” and Lowered the Price Target to $ 28 from a previous price target of $29 .
eBay Inc opened for trading at $26.23 and hit $26.56 on the upside on Monday, eventually ending the session at $26.49, with a gain of 0.57% or 0.15 points. The heightened volatility saw the trading volume jump to 1,23,82,055 shares. Company has a market cap of $30,434 M.
In a different news, on Jun 1, 2016, Raymond J Pittman (SVP, Chief Product Officer) sold 25,000 shares at $24.24 per share price. According to the SEC, on May 24, 2016, Brian J. Doerger (VP, Chief Accounting Officer) sold 14,474 shares at $24.08 per share price. On May 3, 2016, Kristin A Yetto (SVP, Chief People Officer) sold 10,630 shares at $24.11 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.