eBay Inc. (NASDAQ: EBAY) Investor Investigation Over Possible Violations Of Securities Laws Announced

Investors who purchased shares of eBay Inc. (NASDAQ: EBAY), have certain options and should contact the Shareholders Foundation, Inc.

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An investigation on behalf of investors of eBay Inc. (NASDAQ: EBAY) shares over potential securities laws violations by eBay Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of eBay Inc. (NASDAQ: EBAY) concerning whether a series of statements by eBay Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Jose, CA base eBay Inc. reported that its annual Total Revenue rose from over $8.97 billion in 2016 to over $9.56 billion in 2017 and that its Net Income of over $7.28 billion declined to a Net Loss of over $1.01 billion in 2017.

On October 19, 2018, Stifel Nicolaus downgraded shares of eBay Inc. (NASDAQ: EBAY) to hold from buy by. In downgrading the stock and slashing his price target from $43 to $35 per share, Stifel analyst Scott Devitt cited PayPal Holdings Inc.'s earnings release, which suggested weak third-quarter gross merchandise volume trends at eBay.

Shares of eBay Inc. (NASDAQ: EBAY) declined from $46.99 per share in early February 2018 to as low as $27.24 per share on October 24, 2018.