Price$27.16-0.05 (-0.18%)
06:45 PM07:30 PM
Latest news
13 items- NEWSAngi Set to Soar: Analyst Sees Market Share Growth and International Expansion Fueling Future SuccessAngi Inc. (NASDAQ:ANGI) shares are trading higher today. JMP Securities analyst Nicholas Jones initiated coverage at Market Outperform and a price target of $3.25. The analyst states that ANGI maintains a leading position in home maintenance, repair, and renovation. They expect the company to resume growing its market share beginning in 2025, leveraging improved monetization efforts as service requests increase. Jones writes that they see significant long-term trends favoring the company, including aging homes and affordability considerations motivating homeowners to renovate rather than relocate. However, ANGI is also in the initial phases of expanding internationally. In 2023,
- NEWSWhat's Going On With Alibaba Stock On Friday?Alibaba Group Holding Limited (NYSE:BABA) announced on Thursday that it has expanded its global cloud computing availability. The head of the unit's international arm highlighted the company's AI products as a growth driver. The Chinese technology giant has extended the availability zone of its cloud computing products to Mexico for the first time. Over the next three years, it plans to build new data centers in key markets, including Malaysia, Thailand, and South Korea, CNBC cited Selina Yuan, President of Alibaba Cloud's international division, in an interview on Wednesday. Also Read: Alibaba Rival PDD Has Major Upside with New Market Openings and Rising Adoption: Analysts Acc
- NEWSJD.com's Q1 Earnings: Revenue And EPS Beat, Adj. EBITDA Growth, CEO Credits Focus on User Experience And MoreJD.com, Inc. (NASDAQ: JD) reported fiscal first-quarter 2024 revenue growth of 7% year over year to $36.02 billion, beating the analyst consensus estimate of $35.62 billion. JD posted an adjusted net income per ADS of $0.78, beating the analyst consensus estimate of $0.64. The stock price gained after the results. JD Segment Performance: JD.com's net product revenue increased by 6.6% year over year to $28.88 billion. Net service revenues rose 8.8% year over year to $7.14 billion. JD Retail revenue climbed 6.8% year over year to $31.42 billion, Logistics revenue gained to $5.84 billion, and the new business revenues fell to $675 million. JD.com's marketing expenses rose 15.6% in
- NEWSCarvana Expects Surge In Used Car Demand On New Vehicle OversupplyOnline used car retailer Carvana Co (NYSE:CVNA) anticipates a surge in used car sales amid a potential oversupply of new vehicles, according to Chief Executive Officer Ernest Garcia III. Speaking at an event hosted by the Automotive Press Association near Detroit, Garcia stated that increased car production by major automakers is likely to benefit the online used-car retailer, reported Bloomberg. Garcia highlighted automakers’ efforts to mitigate swelling inventories by offering incentives and directing more new cars to fleet purchasers like rental companies. According to Deutsche Bank AG (NYSE:DB), average new car inventories in the U.S. reached 50 days’ worth of supply by the en
- NEWSWhat's Going On With Carvana Stock Today?Carvana Co. (NYSE:CVNA) shares are trading slightly lower in the morning session on Thursday. Yesterday, after the closing bell, the company shared a Letter of Interpretation from the National Highway Traffic Safety Administration (NHTSA) affirming the legality of electronic signatures on physical odometer disclosure documents. “We are pleased to share NHTSA’s Letter of Interpretation, which affirms the federal legality of using e-signatures on physical odometer disclosure documents and paves the way for Motor Vehicle Administrations across the country to swiftly authorize and adopt this customer-friendly paradigm,” said Tony Hall, Senior Government Affairs Manager at Carvana. Ear
- NEWSCarvana's Strong Q1 Performance Attracts Analysts Praise, Stock SoarsCarvana Co. (NYSE:CVNA) shares are jumping today following yesterday’s first-quarter FY24 results. Several analysts raised the price target on the stock. Carvana reported revenue of $3.061 billion, which beat the consensus estimate of $2.673 billion. The company reported adjusted EBITDA of $235 million. The company anticipates a sequential increase in its year-over-year growth rate in retail units in the second quarter. The company also expects a sequential increase in adjusted EBITDA. Wedbush analyst Seth Basham raised the price target from $80 to $120 while maintaining a Neutral rating. The analyst writes that the company is better positioned to support growth than in the past,
- NEWSAlibaba Unveils New Processor and Open-Source Laptop Based On RISC-V ProcessorsAlibaba Group Holding Limited’s (NYSE:BABA) Damo Academy is gearing up to unveil the latest addition to its XuanTie series of RISC-V processors, the C930, this year. This move is part of Alibaba’s strategic response to navigate the challenges of stringent U.S. trade restrictions on exporting advanced chip technologies to China. Previous reports indicated AMD’s X86 chip dominance faces challenges from China’s push for RISC-V architecture, a flexible, energy-efficient alternative to AMD and Intel Corp (NASDAQ:INTC). The company announced at the XuanTie Partner Conference, where the academy showcased the potential of RISC-V processors in various applications including 5G communicatio
- NEWSDoes Groupon's Turnaround In Q4 Signal Recovery and Resolve Concerns?Groupon Inc (NASDAQ:GRPN) reported fourth-quarter fiscal 2023 revenue of $137.7 million, beating the consensus of $136.7 million, and declining by 7% year-on-year. Adjusted EPS of $0.30 beat the consensus of $0.12. The stock price climbed after the results, only to give up gains later. North America revenue decreased 6% Y/Y to $99.9 million, driven by a decline in demand for its Goods categories. International revenue fell 10% Y/Y (15% Y/Y FX-neutral basis) to $37.8 million owing to lower demand for the Goods category and an overall decrease in demand. Global billings decreased by 6.8% Y/Y to $436.3 million on lower Goods and Travel business billings. Global units sold in the q
- NEWSWhat's Going On With Alibaba Stock Tuesday?Alibaba Group Holding Ltd (NYSE:BABA) remains engaged in several initiatives to unlock shareholder value, including its artificial intelligence maneuvers, as it battles intense domestic competition. Alibaba Group’s media and entertainment division plans to invest approximately $640 million in promoting movies, television dramas, and creative events in Hong Kong over the next five years. This announcement follows the unit’s significant sales increase, fueled by China’s robust box office performance, the Wall Street Journal reports. The stock is up over 2% Tuesday. Also Read: Alibaba Amplifies AI Investment, Valuing MiniMax Over $2.5B in Latest Financing Round The investment, amou
- NEWSAlibaba Amplifies AI Investment, Valuing MiniMax Over $2.5B in Latest Financing RoundAlibaba Group Holding Ltd (NYSE:BABA) is taking the lead in a financing round that aims to raise at least $600 million for the Chinese AI startup MiniMax, marking its second significant investment in artificial intelligence this year as it seeks avenues for growth. This investment positions MiniMax, a two-year-old company focusing on generative AI similar to ChatGPT, at a valuation of over $2.5 billion, with both Alibaba and HongShan (formerly Sequoia China) committing to the financing. This initiative reflects Alibaba’s strategy to invest in emerging leaders within the AI sector, mirroring its previous $1 billion investment in Moonshot AI, which also valued the startup at around $2.
- NEWSSalesforce Says Cyber Week US Online Sales Reached $70.8B, Up From $68B Last Year
- NEWSAdobe Releases Online Shopping Forecast For The 2023 Holiday Season; Expects US Online Holiday Sales To Reach $221.8B, Representing 4.8% Growth YoY And Sees Cyber Monday Spending $12B
- NEWSAdobe Releases Online Sopping Forecast For 2023 Holiday Season; Expects US Online Holiday Sales To Reach $221.8B, Representing 4.8% Growth YoY And Sees Cyber Monday Spending $12B
EBIZ FAQ
6 questionsWhat does Global X E-commerce ETF do?
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive E-commerce Index. The fund invests at least 80% of its total assets in the securities of the underlying index. The index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the increased adoption of e-commerce as a distribution model, including but not limited to companies whose principal business is in operating e-commerce platforms, providing e-commerce software and services, and/or selling...Where does EBIZ stock trade?
Global X E-commerce ETF (EBIZ) is listed on NASDAQ.What sector and industry is EBIZ in?
Global X E-commerce ETF operates in the n/a sector.When did Global X E-commerce ETF go public?
Global X E-commerce ETF (EBIZ) completed its IPO in n/a.What companies are similar to EBIZ?
Notable peers in the same industry include CBOE (Cboe Global Markets, Inc.), HCXY (Hercules Capital, Inc.), PCI (PIMCO Dynamic Credit and Mortgage Income Fund), BXS (BancorpSouth Bank), AJAX (Ajax I). Compare EBIZ side-by-side with any of them on Quantisnow.How can I track EBIZ on Quantisnow?
Quantisnow aggregates Global X E-commerce ETF's SEC filings, analyst ratings, insider transactions, FDA approvals, and press releases the moment they hit the wire (Wall Street's wire, on your screen.). Follow EBIZ to receive live email and push alerts on every new disclosure.