|Bid||54.62 x 1100|
|Ask||54.89 x 900|
|Day's range||53.55 - 54.88|
|52-week range||26.02 - 54.88|
|Beta (5Y monthly)||1.32|
|PE ratio (TTM)||9.50|
|Forward dividend & yield||0.64 (1.22%)|
|Ex-dividend date||29 May 2020|
|1y target est||N/A|
As of late, it has definitely been a great time to be an investor of eBay
Wall Street wrapped up its best quarterly performance in decades with the S&P 500 logging in the best quarter since 1998.
Does eBay (EBAY) have what it takes to be a top stock pick for momentum investors? Let's find out.
The Zacks Analyst Blog Highlights: Chegg, eBay, Procter & Gamble, Kroger and Dollar General
eBay (EBAY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
(Bloomberg) -- Prosus NV is hoping EBay Inc. classifieds won’t be the auction that got away.Having lost an $8 billion battle to buy Just Eat Plc to Takeaway.com NV in January, the e-commerce group is the party to beat in a hotly-contested auction process for the EBay business, according to people familiar with the matter.By pursuing the EBay unit, potentially valued at as much as $10 billion, Prosus is looking to seal its biggest purchase since spinning off from South African technology giant Naspers Ltd. last year. Prosus holds assets including a stake in Chinese Internet giant Tencent Holdings Ltd., as well as businesses from Brazil to Germany in industries such as online food delivery and classified advertising.Naspers opted to separate Prosus -- in which it retains a majority holding -- in the hopes shareholders would assign more value to its investments around the world. While the listing in Amsterdam was a chance for Prosus to begin an aggressive acquisition spree, a big deal has yet to materialize.It also missed an opportunity to expand in the U.S. after the combined Just Eat Takeaway.com NV agreed to acquire Grubhub Inc. for $7.3 billion in June.With about $7 billion in cash and ample liquidity from a long-list of lenders, Prosus has the financial power to pursue large mergers and acquisitions and is on the lookout for opportunities, according to Chief Executive Officer Bob van Dijk.“I am excited about the deals that might happen because it would really reinforce the business we have,” he said in a phone interview this week. “The pipeline is looking quite healthy.”Prosus is competing with two bidders for EBay’s classified-advertising unit, according to people familiar with the matter. One is a consortium comprising buyout groups Blackstone Group Inc., Permira and Hellman & Friedman LLC and the other is Oslo-based online marketplace Adevinta ASA. Even some backers of these rival bids view Prosus as the heavy favorite, the people said.Representatives for EBay and Prosus declined to comment.EBay is seeking a sale of the unit at a time when market turmoil has hampered financing for leveraged buyouts, forcing companies to put a number of bidding processes on hold. The sale process is advanced and a decision on a winner is likely to happen in July, the people said.Prosus’s strong financial position and backing by Naspers will give it an edge in a tough environment for dealmaking. Winning the EBay bid could just be the fillip it needs for more M&A. Prosus’s shares declined 0.7% to 82.20 euros as of 12:01 p.m. Wednesday in Amsterdam.(Updates share price in final paragraph. A previous version of this story corrected the wording on timing of decision in penultimate paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
April changed the conversation around Etsy (NASDAQ: ETSY), the third-party e-commerce site that had largely trended down throughout 2019 as analysts questioned whether it could find any growth catalysts. The moment came when the federal government reversed course and said people should, in fact, wear face masks when out in public to help slow the spread of COVID-19. Dr. Anthony Fauci, the infectious disease specialist who serves as President Trump's point man on the coronavirus pandemic, recently confirmed that the government did not initially recommend mask-wearing for the general public due to shortages of masks at the time.
Here are 5 attractive stocks that beat the broad selloff in the markets on Friday.
EBAY vs. AMZN: Which Stock Is the Better Value Option?
EBay (EBAY) closed at $49.40 in the latest trading session, marking a +1.29% move from the prior day.
Stocks sank Wednesday, with the S&P 500 and Dow selling off by more than 3% at session lows as rising numbers of Covid-19 infections in some regions spooked investors.
Qupital, a trade financing platform, announced today that it has made an agreement with eBay to be one of its officially recommended Hong Kong financing service providers. In today’s announcement, Qupital said it will provide offshore financing services, including working capital, to eBay sellers in China and Hong Kong through QiaoYiDai, its main product.
Is (EBAY) Outperforming Other Retail-Wholesale Stocks This Year?
(Bloomberg) -- Last summer, a suburban Boston couple who publish an online newsletter about EBay Inc. began calling the Natick Police Department to report peculiar and menacing forms of harassment: graffiti on their fence; mysterious deliveries of a funeral wreath and a book on surviving a spouse’s death; phony online advertisements about parties and yard sales that summoned strangers to their home.The culprits left few clues, and police initially dismissed the reports as pranks. So the frustrated couple took matters into their own hands and began collecting evidence. Their home security camera caught video of a Ford Explorer parked near their house. They gathered license plate numbers from a black Dodge Caravan and a silver GMC they suspected of tailing them.The tips prompted the police to take their concerns more seriously. Investigators linked rented vehicles to EBay employees and uncovered a stealthy campaign to frighten the couple, whose newsletter, EcommerceBytes, is an influential information source for the millions of merchants who peddle goods on the San Jose, California-based company’s marketplace.“The victims in this case were proactive and diligent,” Natick Police Lt. Cara Rossi said. “Once they had photos of a car that they felt was surveilling them, they did counter-surveillance of their own, and detectives now had a lead to follow. This lead led them to Ebay.”This week federal prosecutors unveiled an indictment charging six EBay employees with conducting a harassment campaign against the couple. The indictment also mentioned an “Executive 1” and “Executive 2,” which Bloomberg earlier identified as, respectively, former EBay Chief Executive Officer Devin Wenig and former public relations chief Steven Wymer. Neither Wenig nor Wymer were charged with crimes.Ina and David Steiner have been publishing their newsletter, previously called AuctionBytes, since 1999. They delve into nitty-gritty details important to small merchants selling products on EBay, where 174 million shoppers around the world spend $85 billion a year.The Steiners’ longevity has made their newsletter an influential part of the EBay community even as CEOs have come and gone. Merchants get updates about their livelihoods and provide news tips. Ina Steiner, a dogged reporter, is the newsletter’s editor; David Steiner is the publisher. Ina made such frequent calls to EBay’s communications department on behalf of sellers that some EBay employees joked she should be put on the customer service payroll.But somewhere along the way, the relationship between the Steiners and EBay soured. Wenig was trying to fend off activist investors bent on breaking up the company and had become increasingly sensitive to tough media coverage.Steiner publishes regular stories about the site, often with critical commentary. Online comments beneath the stories routinely become a no-holds-barred bashing of EBay executives.Last August, Steiner published a story about a lawsuit EBay filed alleging Amazon.com Inc. employees created EBay accounts for the sole purpose of persuading its merchants to sell their goods on Amazon instead. “EBay’s CEO has been unable to stop a decline in marketplace sales, but trying to dissuade sellers from turning to Amazon (and trying to get Amazon to stop recruiting sellers) may not be the best tactic,” Steiner wrote.There were 55 comments beneath the story, including one from someone called “thievesBay” that said: “Poor eBay. The little puppy continues trying to nip at the heels of the big dog. This will go nowhere just like their last attempt.”In April of last year, according to the indictment, Wymer texted Wenig: “We are going to crush this lady.” The following month, during an exchange regarding Ina Steiner’s reporting, Wenig texted Wymer: “I couldn’t care less what she says.” Then, seconds later, he added, “Take her down.”Before long, according to the indictment, the harassment campaign was underway, with the alleged perpetrators sending live cockroaches to the couple and trying to put a GPS tracking device on their Toyota Rav4.Prosecutors claim EBay’s security director James Baugh and his underling David Harville led the elaborate campaign with help from four other EBay employees. Even as the Steiners gathered evidence that directed police toward them, the employees allegedly plotted to throw police off the trail by erasing messages and social media accounts, lying to investigators and trying to cast the Steiners as “crazy.”It didn’t work. In late August, the alleged harassers hatched a plan using the messaging platform WhatsApp to contact the Natick Police Department and the Steiners pretending to offer EBay’s help with the investigation in order to glean information and steer the probe elsewhere.Ina Steiner wasn’t having it. Shortly after connecting with the couple by phone, one of the alleged harassers messaged his colleagues, according to the indictment: “[Victim 1] said talk to the detective and then hung up the phone.” Days later, EBay put Baugh, Harville and one other employee on administrative leave after collecting work phones that were turned over to the Federal Bureau of Investigation.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Zacks Analyst Blog Highlights: Asbury Automotive Group, The Buckle, Sportsmans Warehouse, Papa John's International and eBay
Here we pick and discuss six stocks that are well poised to gain from a lengthy spell of social distancing and shelter-in-place guidelines.