eBay Inc. (NASDAQ:EBAY) – Analysts at SunTrust Banks increased their Q3 2016 earnings per share (EPS) estimates for eBay in a research note issued on Monday. SunTrust Banks analyst R. Peck now forecasts that the firm will earn $0.37 per share for the quarter, up from their prior estimate of $0.36. SunTrust Banks currently has a “Hold” rating and a $33.00 target price on the stock. SunTrust Banks also issued estimates for eBay’s FY2016 earnings at $1.61 EPS.
EBAY has been the topic of a number of other reports. Susquehanna reaffirmed a “positive” rating and set a $34.00 price target (up from $32.00) on shares of eBay in a research report on Thursday, July 21st. Mizuho upped their target price on eBay from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 target price on eBay and gave the company a “buy” rating in a research report on Tuesday, August 16th. Robert W. Baird reissued a “buy” rating and issued a $30.00 target price on shares of eBay in a research report on Tuesday, July 12th. Finally, Axiom Securities upped their target price on eBay from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Three analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. eBay has an average rating of “Hold” and a consensus price target of $33.45.
eBay (NASDAQ:EBAY) opened at 31.50 on Tuesday. The stock has a 50 day moving average price of $31.97 and a 200 day moving average price of $27.35. The stock has a market capitalization of $35.56 billion, a P/E ratio of 19.36 and a beta of 1.17. eBay has a 12 month low of $21.51 and a 12 month high of $33.19.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. eBay had a return on equity of 29.12% and a net margin of 22.00%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis.
In other eBay news, SVP Raymond J. Pittman sold 39,030 shares of eBay stock in a transaction on 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 transaction, the senior vice president now directly owns 32,738 shares in the company, valued at $1,052,199.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Brian J. Doerger sold 23,958 shares of eBay stock in a transaction on Monday, July 25th. The shares were sold at an average price of $30.56, for a total transaction of $732,156.48. Following the completion of the transaction, the vice president now owns 48,605 shares in the company, valued at $1,485,368.80. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EBAY. CenturyLink Investment Management Co raised its position in eBay by 554.7% in the third quarter. CenturyLink Investment Management Co now owns 72,858 shares of the e-commerce company’s stock worth $2,397,000 after buying an additional 61,730 shares in the last quarter. Capstone Asset Management Co. raised its position in eBay by 0.8% in the third quarter. Capstone Asset Management Co. now owns 108,818 shares of the e-commerce company’s stock worth $3,580,000 after buying an additional 854 shares in the last quarter. Legacy Private Trust Co. acquired a new position in eBay during the third quarter worth approximately $429,000. Gofen & Glossberg LLC IL acquired a new position in eBay during the third quarter worth approximately $254,000. Finally, Advisory Services Network LLC raised its position in eBay by 397.6% in the third quarter. Advisory Services Network LLC now owns 24,296 shares of the e-commerce company’s stock worth $799,000 after buying an additional 19,413 shares in the last quarter. Institutional investors own 82.00% 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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