NEW YORK (TheStreet) -- Shares of Ebay (EBAY) are gaining by 2.14% to $60.65 in afternoon trading on Thursday after the California-based online marketplace released a study showing that European small businesses have thrived using its platform, according to The Wall Street Journal.
"Small businesses need access to distribution and technology that they wouldn't otherwise have," said Paul Todd, the European head of eBay's marketplace division, the Journal reported.
The study shows that more than 130,000 European small businesses, which have joined eBay since 2011, have sold a combined $20.22 billion in goods using its platform over the past four years.
Ebay, along with many other U.S. tech companies, are pushing back against European Union policymakers that want to regulate U.S. tech giants.
Separately, TheStreet Ratings team rates EBAY INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate EBAY INC (EBAY) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, notable return on equity and reasonable valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: