Wedbush reiterated their neutral rating on shares of eBay Inc. (NASDAQ:EBAY) in a research report released on Thursday morning. They currently have a $34.00 target price on the e-commerce company’s stock, up from their previous target price of $29.00.
Other analysts have also recently issued research reports about the company. Axiom Securities restated a buy rating and issued a $34.00 price target (up previously from $30.00) on shares of eBay in a research report on Friday, July 15th. Zacks Investment Research upgraded eBay from a hold rating to a buy rating and set a $28.00 target price for the company in a research report on Wednesday, July 13th. Robert W. Baird reiterated a buy rating and set a $30.00 target price on shares of eBay in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. set a $30.00 target price on eBay and gave the stock a buy rating in a research report on Monday, July 11th. Finally, Maxim Group started coverage on eBay in a research report on Wednesday, June 22nd. They set a buy rating and a $36.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. eBay currently has a consensus rating of Hold and an average target price of $33.95.
Shares of eBay (NASDAQ:EBAY) opened at 31.64 on Thursday. eBay has a 12 month low of $21.52 and a 12 month high of $33.19. The firm has a 50-day moving average price of $32.01 and a 200 day moving average price of $27.59. The company has a market cap of $35.72 billion, a P/E ratio of 19.45 and a beta of 1.17.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business earned $2.23 billion during the quarter, compared to analysts’ expectations of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share. Equities analysts predict 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 the business’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $30.56, for a total transaction of $732,156.48. Following the completion of the sale, the vice president now directly owns 48,605 shares in the company, valued at approximately $1,485,368.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Raymond J. Pittman sold 39,030 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total value of $1,254,424.20. Following the sale, the senior vice president now owns 32,738 shares of the company’s stock, valued at $1,052,199.32. The disclosure for this sale can be found here. 7.40% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of EBAY. Parametric Risk Advisors LLC purchased a new stake in eBay during the first quarter valued at approximately $143,000. Altrinsic Global Advisors LLC raised its stake in eBay by 50.3% in the first quarter. Altrinsic Global Advisors LLC now owns 2,238,554 shares of the e-commerce company’s stock valued at $53,412,000 after buying an additional 749,254 shares during the period. AXA raised its stake in eBay by 4.8% in the first quarter. AXA now owns 362,367 shares of the e-commerce company’s stock valued at $8,646,000 after buying an additional 16,573 shares during the period. Pictet Asset Management Ltd. raised its stake in eBay by 2.6% in the first quarter. Pictet Asset Management Ltd. now owns 1,947,571 shares of the e-commerce company’s stock valued at $46,352,000 after buying an additional 49,582 shares during the period. Finally, Primecap Management Co. CA raised its stake in eBay by 5.7% in the first quarter. Primecap Management Co. CA now owns 8,303,100 shares of the e-commerce company’s stock valued at $198,112,000 after buying an additional 446,600 shares during the period. Institutional investors own 82.07% of the company’s stock.
eBay Company Profile
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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