eBay Inc. (NASDAQ:EBAY) has been assigned a $41.00 price target by Sanford C. Bernstein in a research note issued on Wednesday. The firm currently has a a “buy” rating on the e-commerce company’s stock. Sanford C. Bernstein’s price objective indicates a potential upside of 30.12% from the stock’s previous close.
Several other research firms also recently weighed in on EBAY. Pacific Crest downgraded eBay to a “sell” rating in a research report on Saturday, October 1st. Canaccord Genuity reiterated a “hold” rating and set a $28.00 target price on shares of eBay in a research report on Tuesday, October 4th. Goldman Sachs Group Inc. set a $34.00 target price on eBay and gave the stock a “buy” rating in a research report on Thursday, September 8th. Axiom Securities increased their target price on eBay from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $35.00 target price on shares of eBay in a research report on Saturday, September 10th. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $33.66.
eBay (NASDAQ:EBAY) opened at 31.51 on Wednesday. The stock has a market cap of $35.58 billion, a PE ratio of 19.37 and a beta of 1.17. The stock has a 50 day moving average price of $31.98 and a 200 day moving average price of $27.38. eBay has a 52 week low of $21.51 and a 52 week high of $33.19.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. eBay had a return on equity of 29.12% and a net margin of 22.00%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts predict that eBay will post $1.89 earnings per share for the current year.
In related news, VP Brian J. Doerger sold 23,958 shares of eBay stock in a transaction on Monday, July 25th. The stock was sold at an average price of $30.56, for a total value of $732,156.48. Following the transaction, the vice president now directly owns 48,605 shares in the company, valued at approximately $1,485,368.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction on Monday, July 25th. The stock was sold at an average price of $30.65, for a total value of $1,532,500.00. Following the completion of the transaction, the director now owns 425,288 shares in the company, valued at $13,035,077.20. The disclosure for this sale can be found here. 7.40% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Virginia Retirement System acquired a new stake in shares of eBay during the first quarter valued at approximately $418,000. Credit Agricole S A boosted its stake in shares of eBay by 179.2% in the first quarter. Credit Agricole S A now owns 938,596 shares of the e-commerce company’s stock valued at $22,395,000 after buying an additional 602,421 shares during the period. BB&T Securities LLC boosted its stake in shares of eBay by 2.2% in the first quarter. BB&T Securities LLC now owns 104,128 shares of the e-commerce company’s stock valued at $2,484,000 after buying an additional 2,198 shares during the period. Cypress Capital Management LLC boosted its stake in shares of eBay by 0.4% in the first quarter. Cypress Capital Management LLC now owns 133,811 shares of the e-commerce company’s stock valued at $3,193,000 after buying an additional 516 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of eBay during the first quarter valued at approximately $691,000. 82.00% of the stock is owned by institutional investors and hedge funds.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.
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