Canaccord Genuity reaffirmed their hold rating on shares of eBay Inc. (NASDAQ:EBAY) in a research report released on Tuesday. Canaccord Genuity currently has a $28.00 price objective on the e-commerce company’s stock.
A number of other brokerages have also recently commented on EBAY. SunTrust Banks Inc. restated a neutral rating and set a $26.00 target price on shares of eBay in a report on Monday, July 18th. Monness Crespi & Hardt boosted their target price on shares of eBay from $29.00 to $32.00 and gave the company a buy rating in a report on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 target price on shares of eBay and gave the company a buy rating in a report on Thursday, September 8th. Deutsche Bank AG boosted their target price on shares of eBay from $28.00 to $30.00 and gave the company a hold rating in a report on Thursday, July 21st. Finally, Evercore ISI started coverage on shares of eBay in a report on Monday, July 25th. They set a hold rating and a $26.00 target price on the stock. 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 currently has a consensus rating of Hold and an average price target of $33.03.
Shares of eBay (NASDAQ:EBAY) opened at 31.62 on Tuesday. The company’s 50-day moving average is $31.88 and its 200-day moving average is $27.19. eBay has a 12-month low of $21.52 and a 12-month high of $33.19. The stock has a market cap of $35.70 billion, a P/E ratio of 19.43 and a beta of 1.17.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. eBay had a net margin of 22.00% and a return on equity of 29.12%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business posted $0.42 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts anticipate that eBay will post $1.89 earnings per share for the current year.
In other eBay news, VP Brian J. Doerger sold 23,958 shares of eBay stock in a transaction dated 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 owns 48,605 shares in the company, valued at $1,485,368.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Raymond J. Pittman sold 39,030 shares of eBay stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $32.14, for a total value of $1,254,424.20. Following the completion of the transaction, the senior vice president now owns 32,738 shares in the company, valued at approximately $1,052,199.32. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Mycio Wealth Partners LLC raised its position in eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock valued at $100,000 after buying an additional 949 shares during the period. Washington Trust Bank increased its stake in shares of eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock valued at $101,000 after buying an additional 216 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock valued at $114,000 after buying an additional 150 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock valued at $125,000 after buying an additional 42 shares in the last quarter. Finally, Parametric Risk Advisors LLC acquired a new stake in shares of eBay during the first quarter valued at $143,000. Institutional investors own 82.00% of the company’s stock.
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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