eBay Inc (EBAY) Could Help Your Portfolio. The Stock Formed Bullish Wedge Up Chart Pattern

June 20, 2017 - By Richard Conner

Investors sentiment increased to 0.97 in 2016 Q4. Its up 0.22, from 0.75 in 2016Q3. It improved, as 77 investors sold eBay Inc shares while 258 reduced holdings. 88 funds opened positions while 236 raised stakes. 889.22 million shares or 2.82% less from 915.05 million shares in 2016Q3 were reported.
Salem Inv Counselors reported 763 shares. Veritas Inv Mgmt Llp, a United Kingdom-based fund reported 3,275 shares. Moreover, Williams Jones & Associates Lc has 0.03% invested in eBay Inc (NASDAQ:EBAY). Ameritas Investment Prtn reported 45,304 shares. Tci Wealth, Arizona-based fund reported 819 shares. Stifel Financial holds 1.04 million shares or 0.13% of its portfolio. Winslow Mgmt Limited has 0% invested in eBay Inc (NASDAQ:EBAY) for 91 shares. New York-based Glob X Mgmt Communications Ltd Liability Com has invested 0.01% in eBay Inc (NASDAQ:EBAY). Rockefeller Fincl holds 2,181 shares or 0% of its portfolio. 224,526 are held by Piedmont Advsrs Ltd Liability. Point72 Asset Management L P owns 618,100 shares. First Interstate National Bank & Trust holds 0% in eBay Inc (NASDAQ:EBAY) or 226 shares. Mcf Advsr Limited Liability Company reported 0.01% stake. Webster Savings Bank N A holds 0% of its portfolio in eBay Inc (NASDAQ:EBAY) for 300 shares. Nuveen Asset Management Ltd Co owns 532,577 shares.

Since January 30, 2017, it had 0 buys, and 18 selling transactions for $16.24 million activity. Doerger Brian J. also sold $433,208 worth of eBay Inc (NASDAQ:EBAY) shares. Shares for $272,884 were sold by Lee Jae Hyun. FISHER STEPHEN had sold 6,452 shares worth $223,808 on Wednesday, May 31. Mitic Kathleen C. had sold 11,897 shares worth $402,568. 6,014 shares valued at $200,157 were sold by TIERNEY THOMAS J on Wednesday, February 8. $6.42M worth of eBay Inc (NASDAQ:EBAY) shares were sold by SWAN ROBERT HOLMES.

The stock of eBay Inc (EBAY) formed an up wedge with $36.15 target or 3.00 % above today’s $35.10 share price. The 6 months wedge indicates low risk for the $39.04B company. If the $36.15 price target is reached, the company will be worth $1.17 billion more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

About 3.50M shares traded. eBay Inc (NASDAQ:EBAY) has risen 44.45% since June 20, 2016 and is uptrending. It has outperformed by 27.75% the S&P500.

Wall Street await eBay Inc (NASDAQ:EBAY) to release earnings on July, 19. Analysts forecast earnings per share of $0.36, exactly $0.00 or 0.00 % from 2014’s $0.36 EPS. The expected EBAY’s profit could reach $400.41M giving the stock 24.38 P/E in the case that $0.36 earnings per share is reported. After posting $0.43 EPS for the previous quarter, eBay Inc’s analysts now forecast -16.28 % negative EPS growth.

eBay Inc (NASDAQ:EBAY) Ratings Coverage

Among 36 analysts covering eBay Inc (NASDAQ:EBAY), 17 have Buy rating, 3 Sell and 16 Hold. Therefore 47% are positive. eBay Inc had 76 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, August 27 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was maintained on Thursday, January 28 by Monness Crespi & Hardt. RBC Capital Markets maintained eBay Inc (NASDAQ:EBAY) on Thursday, October 22 with “Sector Perform” rating. The rating was maintained by Canaccord Genuity with “Hold” on Thursday, January 28. Piper Jaffray reinitiated the shares of EBAY in report on Tuesday, January 3 with “Neutral” rating. The firm has “Neutral” rating by Mizuho given on Thursday, July 21. The firm has “Neutral” rating given on Monday, April 18 by Credit Suisse. Axiom Capital maintained the shares of EBAY in report on Tuesday, February 16 with “Buy” rating. The rating was upgraded by Hilliard Lyons on Friday, October 21 to “Buy”. The stock has “Buy” rating by Axiom Capital on Tuesday, September 13.

More recent eBay Inc (NASDAQ:EBAY) news were published by: Prnewswire.com which released: “eBay Inc. Prices $2.5 Billion Senior Unsecured Notes Offering” on May 30, 2017. Also Seekingalpha.com published the news titled: “The Long Case For eBay: Sohn Idea Contest Winner” on June 01, 2017. Seekingalpha.com‘s news article titled: “The eBay Strikes Back: Internet Icon Looks Compelling” with publication date: June 01, 2017 was also an interesting one.

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