Reasons for Scott Schenkel’s Shares Sale of eBay Inc. (EBAY)’s Stock; J C Penney Co (JCP)’s Sentiment Is 1.19

J. C. Penney Company, Inc., through its subsidiary J. The company has market cap of $1.16 billion. C. It currently has negative earnings. Penney Corporation, Inc., sells merchandise through department stores.

Mr. Scott Schenkel, the current SVP – Chief Financial Officer at Ebay Inc has lately been involved with a stock market trade of 131,332 shares of the public firm, valued at $43.3 per share. The total sell value is of of $5,680,395 US Dollars. Due to the size of the sell there is little probability that it will remain hidden. Scott Schenkel now possess 189,625 shares or 0.02% of Ebay Inc’s market cap. Scott filled this sale on March 2, 2018. The filing is freely accessible here at the Security and Exchange Commission website.

Contrarian Capital Management L.L.C. holds 2.58% of its portfolio in J. C. Penney Company, Inc. for 5.52 million shares. First Dallas Securities Inc. owns 492,825 shares or 1.3% of their US portfolio. Moreover, Hodges Capital Management Inc. has 1.17% invested in the company for 4.54 million shares. The New York-based Buckingham Capital Management Inc has invested 0.53% in the stock. Pomelo Capital Llc, a New York-based fund reported 2.92 million shares.

The stock decreased 5.36% or $0.21 during the last trading session, reaching $3.71. About 47.15 million shares traded or 188.52% up from the average. J. C. Penney Company, Inc. (JCP) has declined 40.00% since March 3, 2017 and is downtrending. It has underperformed by 56.70% the S&P500.

Ratings analysis reveals 50% of J. C. Penney’s analysts are positive. Out of 6 Wall Street analysts rating J. C. Penney, 3 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $8.5 while the high is $11.0. The stock’s average target of $9.75 is 162.80% above today’s ($3.71) share price. JCP was included in 6 notes of analysts from September 30, 2016. As per Friday, February 10, the company rating was initiated by Susquehanna. The stock of J. C. Penney Company, Inc. (NYSE:JCP) has “Underperform” rating given on Wednesday, January 18 by Credit Suisse. As per Monday, January 9, the company rating was maintained by Telsey Advisory. On Friday, December 2 the stock rating was upgraded by Bank of America to “Buy”. As per Monday, February 13, the company rating was upgraded by Morgan Stanley. The stock of J. C. Penney Company, Inc. (NYSE:JCP) earned “Neutral” rating by Guggenheim on Friday, September 30.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.16, from 0.89 in 2017Q2. It worsened, as 47 investors sold eBay Inc. shares while 306 reduced holdings. 72 funds opened positions while 186 raised stakes. 878.69 million shares or 1.02% less from 887.72 million shares in 2017Q2 were reported. Fifth Third Comml Bank stated it has 7,192 shares. Aperio Lc owns 1.08 million shares for 0.23% of their portfolio. Bangor Retail Bank owns 33,762 shares or 0.27% of their US portfolio. Thrivent For Lutherans reported 0.07% stake. Fmr Ltd Com reported 0.08% stake. Moreover, Franklin Resources has 0.02% invested in eBay Inc. (NASDAQ:EBAY) for 1.24M shares. Moreover, Essex Inv Communication Ltd Co has 0.36% invested in eBay Inc. (NASDAQ:EBAY). Ls Invest Limited Liability Company owns 32,734 shares for 0.07% of their portfolio. Cleararc Cap Inc stated it has 0.15% of its portfolio in eBay Inc. (NASDAQ:EBAY). Natixis accumulated 422,310 shares or 0.15% of the stock. 15,002 are owned by Fred Alger Mgmt. Cwm Lc, a Nebraska-based fund reported 75,149 shares. Security Natl Tru owns 14,685 shares for 0.19% of their portfolio. Wesbanco National Bank & Trust Inc holds 0.02% of its portfolio in eBay Inc. (NASDAQ:EBAY) for 10,475 shares. Covington Mgmt has 25,150 shares for 0.06% of their portfolio.

Since September 7, 2017, it had 0 insider purchases, and 8 insider sales for $13.58 million activity. FISHER STEPHEN also sold $2.61M worth of eBay Inc. (NASDAQ:EBAY) on Friday, October 20. On Friday, February 23 the insider PITTMAN RAYMOND J sold $2.62M. The insider Lee Jae Hyun sold $633,885. Shares for $422,019 were sold by Jones Wendy Elizabeth. SWAN ROBERT HOLMES also sold $937,805 worth of eBay Inc. (NASDAQ:EBAY) shares. Huber Marie Oh had sold 72,417 shares worth $2.72 million. On Friday, October 20 Yetto Kristin A sold $2.64M worth of eBay Inc. (NASDAQ:EBAY) or 70,398 shares.

Analysts await eBay Inc. (NASDAQ:EBAY) to report earnings on April, 18. They expect $0.44 earnings per share, up 2.33% or $0.01 from last year’s $0.43 per share. EBAY’s profit will be $445.32M for 24.40 P/E if the $0.44 EPS becomes a reality. After $0.49 actual earnings per share reported by eBay Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Among 44 analysts covering eBay Inc (NASDAQ:EBAY), 26 have Buy rating, 3 Sell and 15 Hold. Therefore 59% are positive. eBay Inc has $69 highest and $22.50 lowest target. $41.62’s average target is -3.10% below currents $42.95 stock price. eBay Inc had 162 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Hold” rating and $3100 target in Friday, July 14 report. The stock has “Buy” rating by Axiom Capital on Tuesday, September 13. The rating was maintained by UBS on Friday, July 21 with “Buy”. The firm has “Buy” rating given on Monday, June 12 by Robert W. Baird. Stifel Nicolaus maintained eBay Inc. (NASDAQ:EBAY) on Thursday, February 1 with “Hold” rating. The rating was downgraded by Barclays Capital to “Underweight” on Tuesday, March 29. The firm earned “Sector Perform” rating on Thursday, July 23 by FBN Securities. The firm has “Buy” rating by Credit Suisse given on Monday, June 12. Benchmark maintained eBay Inc. (NASDAQ:EBAY) rating on Wednesday, April 27. Benchmark has “Buy” rating and $29 target. Stifel Nicolaus maintained eBay Inc. (NASDAQ:EBAY) rating on Thursday, January 26. Stifel Nicolaus has “Hold” rating and $35 target.