JPMorgan Chase & Co. reissued their hold rating on shares of eBay Inc. (NASDAQ:EBAY) in a research note published on Tuesday. They currently have a $34.00 price objective on the e-commerce company’s stock.
A number of other equities research analysts also recently commented on EBAY. Argus reissued a buy rating and issued a $36.00 target price on shares of eBay in a report on Tuesday, July 26th. Goldman Sachs Group Inc. set a $34.00 target price on eBay and gave the company a buy rating in a report on Thursday, July 21st. Robert W. Baird reissued an outperform rating and issued a $35.00 target price on shares of eBay in a report on Monday, August 1st. Axiom Securities reissued a buy rating and issued a $34.00 target price (up previously from $30.00) on shares of eBay in a report on Friday, July 15th. Finally, SunTrust Banks Inc. reissued a neutral rating and issued a $26.00 target price on shares of eBay in a report on Monday, July 18th. Two 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 given a strong buy rating to the stock. eBay has a consensus rating of Hold and a consensus target price of $33.03.
eBay (NASDAQ:EBAY) opened at 32.30 on Tuesday. eBay has a 1-year low of $21.52 and a 1-year high of $33.19. The company has a 50-day moving average of $31.63 and a 200-day moving average of $26.83. The stock has a market capitalization of $36.47 billion, a price-to-earnings ratio of 19.85 and a beta of 1.13.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.23 billion for 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 company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. Analysts anticipate that eBay will post $1.89 earnings per share for the current fiscal year.
In other news, VP Brian J. Doerger sold 23,958 shares of the 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 completion of the transaction, the vice president now owns 48,605 shares of the company’s stock, valued at $1,485,368.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Raymond J. Pittman sold 39,030 shares of the stock in a transaction 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 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 owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in eBay during the second quarter valued at about $999,000. Kentucky Retirement Systems purchased a new position in shares of eBay during the second quarter valued at $2,104,000. Mason Street Advisors LLC purchased a new position in shares of eBay during the second quarter valued at $3,333,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of eBay by 0.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,938 shares of the e-commerce company’s stock valued at $676,000 after buying an additional 91 shares in the last quarter. Finally, Tobam purchased a new position in shares of eBay during the second quarter valued at $2,073,000. 82.00% of the stock is owned by institutional investors.
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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