A number of other equities analysts also recently commented on EBAY. Cantor Fitzgerald reissued a hold rating on shares of eBay in a research note on Saturday, July 9th. Jefferies Group reaffirmed a hold rating and set a $32.00 price target on shares of eBay in a research note on Monday, July 18th. Canaccord Genuity lifted their price target on shares of eBay from $27.00 to $28.00 and gave the stock a hold rating in a research note on Thursday, July 21st. Robert W. Baird lifted their price target on shares of eBay from $30.00 to $35.00 and gave the stock an outperform rating in a research note on Thursday, July 21st. Finally, Goldman Sachs Group Inc. set a $34.00 price target on shares of eBay and gave the stock a buy rating in a research note on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. eBay currently has an average rating of Hold and an average target price of $33.88.
eBay (NASDAQ:EBAY) opened at 31.81 on Wednesday. eBay has a 1-year low of $21.52 and a 1-year high of $33.19. The firm has a market cap of $35.91 billion, a P/E ratio of 19.55 and a beta of 1.17. The firm has a 50-day moving average of $32.01 and a 200 day moving average of $27.54.
eBay (NASDAQ:EBAY) last issued 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 business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts predict that eBay will post $1.89 EPS for the current year.
In other news, Director Robert Holmes Swan sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $31.95, for a total value of $1,597,500.00. Following the sale, the director now owns 375,928 shares of the company’s stock, valued at approximately $12,010,899.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jae Hyun Lee sold 3,222 shares of the company’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $31.53, for a total transaction of $101,589.66. Following the completion of the sale, the senior vice president now directly owns 107,154 shares in the company, valued at approximately $3,378,565.62. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Virginia Retirement System purchased a new stake in eBay during the first quarter valued at $418,000. Credit Agricole S A raised its stake in 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 last quarter. BB&T Securities LLC raised its stake in 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 last quarter. Cypress Capital Management LLC raised its stake in 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 last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in eBay during the first quarter valued at $691,000. 82.07% of the stock is currently 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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