eBay (EBAY) Upgraded by SunTrust Banks to Buy
eBay (NASDAQ:EBAY) was upgraded by equities researchers at SunTrust Banks from a “hold” rating to a “buy” rating in a report released on Friday, Marketbeat Ratings reports. The firm currently has a $38.00 target price on the e-commerce company’s stock. SunTrust Banks’ target price would indicate a potential downside of 0.05% from the company’s current price. SunTrust Banks also issued estimates for eBay’s Q4 2017 earnings at $0.51 EPS and FY2022 earnings at $2.60 EPS.
Several other brokerages have also recently commented on EBAY. UBS Group set a $44.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $45.00 price objective on shares of eBay in a research note on Tuesday, September 26th. Goldman Sachs Group set a $40.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Thursday, October 19th. Stifel Nicolaus set a $37.00 price objective on shares of eBay and gave the company a “neutral” rating in a research note on Thursday, October 19th. Finally, JPMorgan Chase & Co. set a $38.00 price objective on shares of eBay and gave the company a “neutral” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.88.
eBay (EBAY) traded up $0.21 on Friday, hitting $38.02. 11,992,800 shares of the stock traded hands, compared to its average volume of 9,867,789. The stock has a market capitalization of $39,710.00, a P/E ratio of 5.62, a price-to-earnings-growth ratio of 2.64 and a beta of 1.34. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. eBay has a 52-week low of $29.69 and a 52-week high of $40.13.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. eBay’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. research analysts expect that eBay will post 1.65 earnings per share for the current year.
In other eBay news, SVP Marie Oh Huber sold 72,417 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the transaction, the senior vice president now directly owns 101,589 shares of the company’s stock, valued at approximately $3,812,635.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Brian J. Doerger sold 6,660 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $35.99, for a total transaction of $239,693.40. Following the transaction, the vice president now directly owns 16,732 shares in the company, valued at $602,184.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,242 shares of company stock worth $6,842,297. Insiders own 6.78% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new stake in shares of eBay in the 2nd quarter worth about $108,000. BB&T Investment Services Inc. purchased a new stake in shares of eBay in the 2nd quarter worth about $119,000. Valeo Financial Advisors LLC purchased a new stake in shares of eBay in the 3rd quarter worth about $122,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of eBay in the 2nd quarter worth about $123,000. Finally, Westside Investment Management Inc. grew its position in shares of eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after buying an additional 60 shares during the period. 85.93% of the stock is currently owned by hedge funds and other institutional investors.
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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