Robert W. Baird restated their outperform rating on shares of eBay Inc. (NASDAQ:EBAY) in a report released on Saturday morning. They currently have a $35.00 price objective on the e-commerce company’s stock.
A number of other brokerages have also commented on EBAY. SunTrust Banks Inc. reaffirmed a neutral rating and set a $26.00 price objective on shares of eBay in a research report on Monday, July 18th. Monness Crespi & Hardt upped their price objective on shares of eBay from $29.00 to $32.00 and gave the company a buy rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 price objective on shares of eBay and gave the company a buy rating in a research report on Thursday, September 8th. Deutsche Bank AG upped their price objective on shares of eBay from $28.00 to $30.00 and gave the company a hold rating in a research report on Thursday, July 21st. Finally, Evercore ISI started coverage on shares of eBay in a research report on Monday, July 25th. They set a hold rating and a $26.00 price objective for the company. Three research 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 assigned a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $33.03.
eBay (NASDAQ:EBAY) opened at 31.62 on Friday. The firm has a market capitalization of $35.70 billion, a P/E ratio of 19.43 and a beta of 1.17. The stock’s 50 day moving average price is $31.88 and its 200 day moving average price is $27.19. eBay has a 12 month low of $21.52 and a 12 month 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 Zacks’ consensus estimate of $0.42 by $0.01. The firm earned $2.23 billion during the quarter, compared to analyst estimates of $2.17 billion. eBay had a net margin of 22.00% and a return on equity of 29.12%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS. On average, analysts forecast that eBay will post $1.89 earnings per share for the current year.
In other news, Director Robert Holmes Swan sold 50,000 shares of eBay stock in a transaction dated Monday, July 25th. The shares were 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 of the company’s stock, valued at approximately $13,035,077.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $1,254,424.20. Following the completion of the transaction, the senior vice president now directly owns 32,738 shares of the company’s stock, valued at approximately $1,052,199.32. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in EBAY. Virginia Retirement System purchased a new position in shares of eBay during the first quarter worth approximately $418,000. Acrospire Investment Management LLC bought a new stake in shares of eBay during the first quarter valued at approximately $224,000. NN Investment Partners Holdings N.V. bought a new stake in shares of eBay during the first quarter valued at approximately $14,417,000. Investec Asset Management LTD increased its stake in shares of eBay by 5.1% in the first quarter. Investec Asset Management LTD now owns 8,316,723 shares of the e-commerce company’s stock valued at $198,437,000 after buying an additional 404,945 shares during the last quarter. Finally, Investec Asset Management North America Inc. increased its stake in shares of eBay by 6.6% in the first quarter. Investec Asset Management North America Inc. now owns 352,847 shares of the e-commerce company’s stock valued at $8,419,000 after buying an additional 21,742 shares during the last quarter. 82.00% of the stock is owned by institutional investors.
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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