eBay (EBAY) Lifted to “Hold” at BidaskClub
BidaskClub upgraded shares of eBay (NASDAQ:EBAY) from a sell rating to a hold rating in a report issued on Wednesday morning.
Several other research analysts have also commented on EBAY. Evercore ISI began coverage on eBay in a research report on Tuesday. They set an in-line rating and a $36.00 price target for the company. They noted that the move was a valuation call. SunTrust Banks assumed coverage on eBay in a report on Tuesday, August 15th. They issued a hold rating and a $38.00 target price for the company. KeyCorp reiterated a hold rating on shares of eBay in a report on Wednesday, October 11th. Royal Bank Of Canada reiterated a hold rating on shares of eBay in a report on Friday, August 18th. Finally, BMO Capital Markets reiterated a market perform rating and issued a $40.00 target price on shares of eBay in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $38.51.
eBay (NASDAQ:EBAY) traded up $0.80 on Wednesday, hitting $37.65. The stock had a trading volume of 12,217,992 shares, compared to its average volume of 9,302,030. eBay has a 1-year low of $29.01 and a 1-year high of $39.28. The stock has a market capitalization of $38,492.44, a price-to-earnings ratio of 23.03, a P/E/G ratio of 2.83 and a beta of 1.33. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts expect that eBay will post 1.65 earnings per share for the current year.
In other eBay news, VP Brian J. Doerger sold 4,359 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $35.75, for a total value of $155,834.25. Following the sale, the vice president now directly owns 23,392 shares in the company, valued at $836,264. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Stephen Fisher sold 69,406 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. Following the completion of the sale, the senior vice president now owns 144,047 shares in the company, valued at $5,420,488.61. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,242 shares of company stock worth $6,842,297. 6.78% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in shares of eBay during the second quarter worth about $108,000. Valeo Financial Advisors LLC acquired a new stake in shares of eBay during the third quarter worth about $122,000. BB&T Investment Services Inc. acquired a new stake in shares of eBay during the second quarter worth about $119,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of eBay during the second quarter worth about $123,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of eBay during the third quarter worth about $139,000. Institutional investors and hedge funds own 86.06% of the company’s stock.
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.
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 Analyst Ratings Network's FREE daily email newsletter.