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Tag: EBAY

  • Despite Beat 2021 Earnings eBay Inc. (EBAY) Further Down After Hours on Weak Outlook

    On February 23, eBay Inc. (EBAY) posted financial results for 2021 Q4 and full-year along with the outlook for 2022. Consequently, due to weak outlook shares of the company slumped further to a new low in the after-hours session. The company beat its earnings expectations for the quarter.

    EBAY stock was already trading in the red before the earnings were released. With a loss of 1.02%, the stock remained in the red at the closing price of $54.59 in the regular session. Following the declaration of the results, the stock plunged further down to reach $50.35 in the after-hours. Hence, EBAY stock lost 7.77% or $4.24 at an after-hours volume of 4.25 million. Thus, the stock has reached a new 52-week low against the previous $51.51, on Wednesday.

    The commerce giant, eBay Inc. has a market capitalization of $34.52 billion with 626 million shares outstanding. In the past five days, EBAY stock has declined by 5.31% while it has lost 17.91% year to date.

    EBAY’s Q4 Highlights

    In Q4 2021, the company’s revenue increased by 5% YOY to $2.6 billion.

    Moreover, the company reported a non-GAAP net income of $647 million or $1.05 on a diluted share basis, from continuing operations.

    The operating cash flow and free cash flow were $475 million and $372 million, respectively.

    Additionally, the annual active buyers went down by 9% while the annual active seller by 8% YOY.

    Full-Year 2021 Highlights

    For fiscal 2021, the company’s revenue increased by 17% YOY to $10.4 billion.

    Furthermore, the non-GAAP net income was $252 million or $0.38 on a diluted share basis, from continuing operations.

    EBAY had an operating cash flow of $3.1 billion and a free cash flow of $2.6 billion from continuing operations in fiscal 2021.

    Dividend

    eBay also announced a cash dividend of $0.22/share to record holders of March 10, 2022. The dividend would be payable on March 18, 2022.

    EBAY’s Future Outlook

    For fiscal 2022, the company expects revenue of $10.3-$10.5 billion with non-GAAP diluted EPS of $4.20-$4.40.

    In addition, for Q1 2022, the company expects revenue of $2.43-$2.48 billion with non-GAAP diluted EPS of $1.01-$1.05.

    Trading Cards Authentication

    On January 25, the company declared the launch of the Authenticity Guarantee service for trading cards. Therefore, single ungraded trading cards with a value over $750 in the U.S. would be authenticated now. The company plans to extend the service to include those with a selling value of $250+ by mid-2022.

    EBAY’s Investor Day

    On January 24, 2022, the company notified that it will be hosting a virtual investor day on Thursday, March 10, 2022, at 8:00 am PT. The company’s management will present at the event followed by Q&A sessions.

  • Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    On February 2, the American stock indexes finished trading in the green zone. The S&P 500 climbed 1.39% to 3826 points, the Dow Jones rose 1.57% and the NASDAQ rose 1.56%. The news background did not contain new drivers of movement, but risk appetite was increased due to the decrease in fears of an overbought market. All 11 sectors closed in positive territory. The finance sector-led growth with 2.46%, driven by a rebound in Treasury yields.

    Company news

    Uber (UBER: + 7%) today announced it has acquired the liquor delivery service Drizly for $1.1 billion in company stock and cash.

    Pfizer’s revenue (PFE: -2.3%) beat expectations, although EPS was weaker than consensus. The 2021 revenue forecast assumes strong sales of coronavirus vaccines.

    Results of oil giant BP (BP: -6.6%) were worse than expected in various segments, dividends were reduced by 50%.

    Today, world stock exchanges are showing mostly positive dynamics. The fight against the coronavirus remains in focus and the news on this front is mostly positive. The attention of international investors was attracted by the results of tests of the Russian vaccine Sputnik V, which revealed its high efficiency. In addition, the University of Oxford has published encouraging research results that indicate that the AstraZeneca vaccine not only prevents coronavirus disease but also reduces its spread by two-thirds. This is the first study to document that vaccine proliferation will lead to a rapid decline in disease incidence. In the United States, more than 7% of the population has already received the first dose of the vaccine, and the daily incidence of COVID-19 has rolled back to November levels.

    Quarterly results were published by 43% of companies in the S&P 500. At present, aggregate net income for the fourth quarter is expected to show growth YoY, while in October it was forecast to decline by 13% YoY. This signals that companies’ financials are showing an unexpectedly fast recovery. However, the optimistic expectations have already been partially taken into account in the quotes, as evidenced by the increase in the S&P 500 by 17% over the past three months.

    Sentiment Index

    The Freedom Finance Sentiment Index remains at 68 out of 100. The indicator reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are slowly diminishing with the prospect of mass vaccinations.

    Technical picture

    Technically, the S&P 500 is still bullish in the medium term. The broader market index has continued to rebound from the 50-day moving average, but the strength of this impulse is fading. In the short term, consolidation is likely, as the RSI indicator is in the neutral zone and indicates the equality of forces between the bulls and bears, while the MACD indicator remains in negative territory.

    Today Top Movers

    Sundial Growers Inc (SNDL) stock moved up 8.65 percent to $1.13 in the pre-market ‎trading. The firm recently revealed the closing of its US$100 million registered offering.‎‎
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    ‎AMC Entertainment Holdings Inc (AMC) stock ascended 8.44% at $8.48 in the pre-market trading today.‎‎
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    ‎Naked Brand Group Ltd (NAKD) an apparel manufacturing company, soared about 12.07% ‎at $1.02 in pre-market ‎trading Wednesday following the declaration of closing $50 million registered direct offering priced at-the-market.
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    ‎Cps Technologies (CPSH) share price jumped 21.75% to $8.45 during the early morning ‎trading session on ‎Wednesday.‎‎ The company recently declared receipt of a purchase order for HybridTech Armor© Panels to be installed as the strike face of advanced ballistic shields to support U.S. Navy CVN class ships.

    Top Upgrades & Downgrades

    Oppenheimer turned bullish on NXP Semiconductors N.V. (NXPI), upgrading the stock to “Outperform” and assigning a $210.0 price target, representing a potential downside of 18.5% from Tuesday’s close. 

    Nucor Corporation (NUE) has won the favor of Credit Suisse’s equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $63.0, suggesting a 24.85% additional upside for the stock. 

    Steel Dynamics Inc. (STLD) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $52.0. They changed their rating on STLD to Outperform from Neutral in a recently issued research note. 

    Earlier Tuesday Credit Suisse reduced its rating on SBA Communications Corporation (SBAC) stock to Neutral from Outperform and assigned the price target to $291.0. With shares trading at around $281.90, the Wall Street firm thinks SBA Communications Corporation’s stock could add than 3.23%. 

    JPMorgan analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Centennial Resource Development Inc. (CDEV) has been changed to Underweight from Neutral. 

    Analysts at JPMorgan ‎downgraded Cabot Oil & Gas Corporation (COG)’s stock to Neutral from Overweight Wednesday.

    Latest Insider Activity

    Moderna Inc. (MRNA) Andres Juan announced the sale of shares taking place on Feb 01 at $172.99 for some 5,000 shares. The total came to more than $0.86 million. 

    Visa Inc. (V) CHAIRMAN & CEO KELLY ALFRED F JR sold on Jan 29 a total of 163,112 shares at $197.73 on average. The insider’s sale generated proceeds of almost $1.78 million. 

    Surgalign Holdings Inc. (SRGA) Director STOLPER MARK declared the purchase of shares taking place on Feb 01 at $1.50 for some 16,667 shares. The transaction amount was around $25001.0. 

    Outlook Therapeutics Inc. (OTLK) Director Sukhtian Ghiath M. bought on Feb 02 a total of 10,820,630 shares at $1.00 on average. The purchase cost the insider an estimated $8.36 million.

    Important Earnings

    Top US earnings releases scheduled for today include Boston Scientific Corporation (NYSE: BSX). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.31 per share from revenues of $2.83B in the three-month period. 

    Analysts expect AbbVie Inc. (NYSE: ABBV) to report a net income (adjusted) of $2.85 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $13.7B. 

    eBay Inc. (EBAY), due to announce earnings after the market closes today, is expected to report earnings of $0.83 per share from revenues of $2.7B recently concluded three-month period.

  • 20 Stocks In Internet Retail Industry To Buy In October 2020

    20 Stocks In Internet Retail Industry To Buy In October 2020

    In today’s world, the best way to capture customers’ attention is to fulfill their needs and provide them frictionless experience. The online retail industry is flourishing continuously because now the shoppers have adopted the convenience of shopping online. Increasing trends of online shopping give the internet retail industry a hope. In the US, online retail sales are projected to grow by 18% in 2020.

    New advanced technologies have also provided the shops a way to learn about the preferences of shoppers. Augmented Reality is the major game-changer in the internet retail industry as it changed the whole concept of shopping. AR has closed the gap of ambiguity and helps retailers to provide necessary information of shoppers to improve their experience.

    Here are the 20 leading companies in the online retail industry which are also following new trends to increase the growth of their business:

    Jumia Technologies AG (NYSE:JMIA)

    Jumia Technologies AG (NYSE: JMIA) shares were trading up 4.13% at $12.87 at the time of writing on Wednesday. Jumia Technologies AG (NYSE: JMIA) share price went from a low point around $2.15 to briefly over $23.90 in the past 52 weeks, though shares have since pulled back to $12.87. JMIA market cap has remained high, hitting $1.02B at the time of writing, giving it a price-to-sales ratio of more than 5.

    Jumia Technologies AG (JMIA) has earlier launched the ‘Food Festival Campaign’. This new campaign will be scheduled to take place from the 1st to the 31st of October 2020. If we look at the recent analyst rating JMIA, Stifel downgraded coverage on JMIA shares with a Hold rating and a $12.54 price target, which implies room for -0.33% downside momentum this year.

    Alibaba Group Holding Limited (NYSE: BABA)

    Alibaba Group Holding Limited (NYSE: BABA) last closed at $301.04, in a 52-week range of $168.12 to $310.01. Analysts have a consensus price target of $314.57. Alibaba Group Holding Limited (BABA) has earlier announced that it has decided to buy a stake of up to 9.99% in Swiss duty-free Dufry. Alibaba and Dufry both have decided to collaborate to search for new opportunities in China. This company market capitalization has remained high, hitting $816.68 billion at the time of writing.

    eBay Inc. (NASDAQ: EBAY)

    eBay Inc. (NASDAQ: EBAY) fall -1.96% after losing more than -$1.13 on Wednesday. eBay Inc. (EBAY) disclosed the expansion of its Authenticity Guarantee service for sneaker sales on the platform. Through this program, all new and pre-owned collectible sneakers sold on eBay for over $100 in the U.S. will be fully vetted and verified by an independent team of industry experts.

    Amazon.com Inc. (NASDAQ: AMZN)

    Amazon.com Inc. (NASDAQ: AMZN) last closed at $3363.71, in a 52-week range of $1626.03 to $3552.25. Analysts have a consensus price target of $3726.61. Amazon.com Inc. (AMZN)  has reportedly made a deal with the National Football League to stream a wild-card playoff game this season. The information related to the team was not disclosed yet but the expectations are higher this time.

    Qurate Retail Inc. (NASDAQ: QRTEA)

    Qurate Retail Inc. (NASDAQ: QRTEA) fall -2.05% after losing more than -$0.16 on Wednesday. Qurate Retail Inc. (QRTEA) announced that it will be scheduled to discuss the results for the third quarter of 2020 on Thursday, November 5th. After the closing of the market on Wednesday, November 4th the company will post its 2020 results of quarter three.

    Etsy Inc. (NASDAQ: ETSY)

    Etsy Inc. (NASDAQ: ETSY) last closed at $149.97, in a 52-week range of $29.95 to $154.73. Analysts have a consensus price target of $153.12. Etsy Inc. (ETSY) has disclosed earlier that it is scheduled to announce the Third quarter 2020 financial results on October 28, 2020. Etsy will also host a conference call to discuss the results. If we look at its liquidity, it has a current ratio of 4.30.

    Overstock.com Inc. (NASDAQ: OSTK)

    Overstock.com Inc. (NASDAQ: OSTK) shares headed falling, lower as much as -4.13%. The most recent rating by Wedbush, on September 16, 2020, is at an Outperform. Overstock.com Inc. (OSTK) has announced that it will offer its customers 36 hours of massive markdowns on more than one million top-rated products. With an ongoing commitment to quality and value, Customer Day celebrates Overstock shoppers offering consumers 70% off on thousands of home furnishings and home improvement items.

    Wayfair Inc. (NYSE: W)

    Wayfair Inc. (NYSE: W) last closed at $293.88, in a 52-week range of $21.70 to $349.08. Analysts have a consensus price target of $309.60. Wayfair Inc. (W) has announced the schedule for the financial results of its third quarter. It is scheduled to announce the financial results of the third quarter ended on September 30, 2020.  It will also hold a conference call to review the result on November 9.

    Fiverr International Ltd. (NYSE: FVRR)

    Fiverr International Ltd. (NYSE: FVRR) shares headed falling, lower as much as -0.93%. The most recent rating by MKM Partners, on August 27, 2020, is at a Neutral. Fiverr International Ltd. (FVRR) disclosed the pricing of $400 million aggregate principal amount of 0% Convertible Senior Notes due 2025 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

    Carvana Co. (NYSE: CVNA)

    Carvana Co. (NYSE: CVNA) last closed at $213.22, in a 52-week range of $22.16 to $242.15. Analysts have a consensus price target of $215.19. Carvana Co. (CVNA) will report its third-quarter 2020 financial results for the period ended September 30, 2020, following the close of the market on Thursday, October 29, 2020. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT).

    Baozun Inc. (NASDAQ: BZUN)

    Baozun Inc. (NASDAQ: BZUN) stock drop by -2.51% to $34.94. The most recent rating by Credit Suisse, on June 03, 2020, is at an Outperform. Scott+Scott Attorneys at Law LLP, an international shareholder, and consumer rights litigation firm, is investigating whether Baozun Inc. or certain of its officers and directors violated federal securities laws

    JD.com Inc. (NASDAQ: JD)

    JD.com Inc. (NASDAQ: JD) stock drop by -1.83% to $81.10. The most recent rating by Barclays, on August 24, 2020, is at an Overweight. JD.com Inc. (JD) share price went from a low point around $29.74 to briefly over $86.58 in the past 52 weeks, though shares have since pulled back to $81.10. JD market cap has remained high, hitting $125.19 billion at the time of writing.

    Vipshop Holdings Limited (NYSE: VIPS)

    Vipshop Holdings Limited (NYSE: VIPS) shares headed falling, lower as much as -3.32%. The most recent rating by Morgan Stanley, on September 28, 2020, is at an Underweight. Vipshop Holdings Limited (VIPS) shares have changed between the 52-weeks low and high range of $9.03 and $24.46, respectively. It has moved up 90.03% from its 52-weeks low and moved down -29.84% from its 52-weeks high. This company market capitalization has remained high, hitting $11.34 billion.

    Pinduoduo Inc. (NASDAQ: PDD)

    Pinduoduo Inc. (NASDAQ: PDD) stock drop by -2.35% to $82.66. The most recent rating by Barclays, on August 24, 2020, is at an Equal-weight. Pinduoduo Inc. (PDD) share price went from a low point around $30.20 to briefly over $98.96 in the past 52 weeks, though shares have since pulled back to $82.66. PDD market cap has remained high, hitting $91.37 Billion at the time of writing.

    Farfetch Limited (NYSE: FTCH)

    Farfetch Limited (NYSE: FTCH) shares headed rising, higher as much as 0.86%. The most recent rating by Bernstein, on September 08, 2020, is at an Mkt perform. Farfetch Limited (FTCH) shares have fluctuated between the 52-weeks low and high range of $5.99 and $31.88, respectively. It has moved up 350.25% from its 52-weeks low and moved down -15.40% from its 52-weeks high. This company market capitalization has remained high, hitting $9.19 billion.

    Chewy Inc. (NYSE: CHWY)

    Chewy Inc. (NYSE: CHWY) stock drop by -4.10% to $64.12. The most recent rating by RBC Capital Mkts, on September 11, 2020, is at an Outperform. Chewy Inc. (CHWY) share price went from a low point around $20.62 to briefly over $74.84 in the past 52 weeks, though shares have since pulled back to $62.71. CHWY market cap has remained high, hitting $25.15 Billion at the time of writing.

    Dada Nexus Limited (NASDAQ: DADA)

    Dada Nexus Limited (NASDAQ: DADA) fall -3.82% after losing more than -$1.3 on Wednesday. Dada Nexus Limited (DADA) shares have fluctuated between the 52-weeks low and high range of $14.60 and $36.14, respectively. It has moved up 127.54% from its 52-weeks low and moved down -8.07% from its 52-weeks high. This company market capitalization has remained high, hitting $6.72 billion.

    CarParts.com Inc. (NASDAQ: PRTS)

    CarParts.com Inc. (NASDAQ: PRTS) stock drop by -4.88% to $12.67. The most recent rating by ROTH Capital, on September 09, 2020, is at a Buy. CarParts.com Inc. (PRTS) share price went from a low point around $1.04 to briefly over $16.44 in the past 52 weeks, though shares have since pulled back to $12.57. PRTS market cap has remained high, hitting $598.91 Million at the time of writing.

    Revolve Group Inc. (NYSE: RVLV)

    Revolve Group Inc. (NYSE: RVLV) rose 0.16% after gaining more than $0.03 on Wednesday. Revolve Group Inc. (RVLV) shares have fluctuated between the 52-weeks low and high range of $7.17 and $24.41, respectively. It has moved up 152.58% from its 52-weeks low and moved down -25.81% from its 52-weeks high. This company market capitalization has remained high, hitting $1.31 billion.

    MercadoLibre Inc. (NASDAQ:MELI)

    MercadoLibre Inc. (NASDAQ: MELI) shares headed falling, lower as much as -2.40%. The most recent rating by Jefferies, on September 28, 2020, is at a Buy. MercadoLibre Inc. (MELI) total market capitalization has remained high, hitting $59.54 billion.