eBay Inc. (NASDAQ:EBAY) – Equities research analysts at SunTrust Banks increased their Q4 2016 earnings estimates for eBay in a research report issued to clients and investors on Monday. SunTrust Banks analyst R. Peck now anticipates that the brokerage will earn $0.49 per share for the quarter, up from their previous forecast of $0.48. SunTrust Banks has a “Hold” rating and a $33.00 price target on the stock. SunTrust Banks also issued estimates for eBay’s FY2017 earnings at $1.78 EPS.
EBAY has been the subject of a number of other research reports. Susquehanna reaffirmed a “positive” rating and issued a $34.00 price target (up previously from $32.00) on shares of eBay in a report on Thursday, July 21st. Mizuho increased their price target on shares of eBay from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, July 21st. Goldman Sachs Group Inc. set a $34.00 price target on shares of eBay and gave the company a “buy” rating in a report on Tuesday, August 16th. Robert W. Baird reissued a “buy” rating and issued a $30.00 price objective on shares of eBay in a research note on Tuesday, July 12th. Finally, Axiom Securities raised their price objective on shares of eBay from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, July 21st. Three investment 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 company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.66.
Shares of eBay (NASDAQ:EBAY) traded down 0.746% during mid-day trading on Wednesday, hitting $31.265. The company had a trading volume of 3,593,652 shares. The firm has a 50-day moving average price of $31.97 and a 200-day moving average price of $27.35. The firm has a market capitalization of $35.30 billion, a PE ratio of 19.216 and a beta of 1.17. eBay has a 52 week low of $21.52 and a 52 week high of $33.19.
eBay (NASDAQ:EBAY) last issued its quarterly 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. The company earned $2.23 billion during the quarter, compared to the consensus estimate of $2.17 billion. eBay had a return on equity of 29.12% and a net margin of 22.00%. eBay’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share.
In other eBay news, SVP Raymond J. Pittman sold 39,030 shares of the business’s stock in a transaction dated 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 approximately $1,052,199.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Holmes Swan sold 50,000 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $30.65, for a total transaction of $1,532,500.00. Following the completion of the transaction, the director now owns 425,288 shares in the company, valued at $13,035,077.20. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Mycio Wealth Partners LLC raised its position in eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock valued at $100,000 after buying an additional 949 shares during the last quarter. Washington Trust Bank raised its position in eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock valued at $101,000 after buying an additional 216 shares during the last quarter. Advisory Services Network LLC raised its position in eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock valued at $114,000 after buying an additional 150 shares during the last quarter. Quadrant Capital Group LLC raised its position in eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock valued at $125,000 after buying an additional 42 shares during the last quarter. Finally, Parametric Risk Advisors LLC purchased a new position in eBay during the first quarter valued at $143,000. Institutional investors own 82.00% of the company’s stock.
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.
Receive News & Ratings for eBay Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay Inc. and related companies with MarketBeat.com's FREE daily email newsletter.