eBay Inc (EBAY) Rating Reiterated by Cowen and Company
eBay Inc (NASDAQ:EBAY)‘s stock had its “market perform” rating reaffirmed by Cowen and Company in a research report issued to clients and investors on Wednesday. They currently have a $30.00 target price on the e-commerce company’s stock. Cowen and Company’s price target points to a potential downside of 7.78% from the stock’s previous close.
A number of other equities analysts have also commented on the company. Stifel Nicolaus increased their price target on eBay from $31.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 26th. Vetr raised eBay from a “buy” rating to a “strong-buy” rating and set a $38.08 price target for the company in a research note on Monday, March 6th. Aegis reissued a “buy” rating on shares of eBay in a research note on Wednesday, March 15th. Barclays PLC initiated coverage on eBay in a research note on Tuesday, March 28th. They set an “overweight” rating and a $41.00 price target for the company. Finally, Monness Crespi & Hardt reissued a “buy” rating and set a $35.00 price target on shares of eBay in a research note on Saturday, January 28th. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $34.90.
eBay (NASDAQ:EBAY) opened at 32.53 on Wednesday. The company has a market cap of $35.36 billion, a P/E ratio of 5.12 and a beta of 1.31. The firm has a 50-day moving average price of $33.61 and a 200 day moving average price of $31.29. eBay has a 52 week low of $22.30 and a 52 week high of $34.74. eBay also was the recipient of unusually large options trading on Thursday. Stock traders purchased 32,552 put options on the stock. This represents an increase of approximately 505% compared to the typical volume of 5,383 put options.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. eBay had a return on equity of 24.13% and a net margin of 80.92%. The firm earned $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the business posted $0.47 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts expect that eBay will post $2.01 EPS for the current fiscal year.
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In other news, VP Brian J. Doerger sold 6,660 shares of the business’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $33.25, for a total value of $221,445.00. Following the completion of the transaction, the vice president now owns 29,006 shares of the company’s stock, valued at approximately $964,449.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas J. Tierney sold 6,014 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $33.28, for a total value of $200,145.92. Following the completion of the transaction, the director now directly owns 28,525 shares of the company’s stock, valued at approximately $949,312. The disclosure for this sale can be found here. In the last three months, insiders sold 313,020 shares of company stock valued at $10,153,302. Insiders own 7.40% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC bought a new position in shares of eBay during the fourth quarter valued at about $100,000. Physicians Financial Services Inc. raised its position in shares of eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock valued at $108,000 after buying an additional 300 shares in the last quarter. Hartford Financial Management Inc. raised its position in shares of eBay by 2.9% in the third quarter. Hartford Financial Management Inc. now owns 3,570 shares of the e-commerce company’s stock valued at $117,000 after buying an additional 100 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of eBay during the fourth quarter valued at $149,000. Finally, Capital Guardian Trust Co. raised its position in shares of eBay by 62.9% in the fourth quarter. Capital Guardian Trust Co. now owns 5,475 shares of the e-commerce company’s stock valued at $163,000 after buying an additional 2,114 shares in the last quarter. 85.86% of the stock is owned by institutional investors and hedge funds.
eBay Company Profile
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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