eBay Inc. (EBAY) Earns “Market Perform” Rating from BMO Capital Markets
BMO Capital Markets reiterated their market perform rating on shares of eBay Inc. (NASDAQ:EBAY) in a research note released on Wednesday morning. BMO Capital Markets currently has a $40.00 target price on the e-commerce company’s stock.
A number of other equities research analysts have also recently issued reports on EBAY. KeyCorp reaffirmed a hold rating on shares of eBay in a research note on Wednesday, October 11th. BidaskClub cut shares of eBay from a strong-buy rating to a buy rating in a research note on Thursday, July 27th. Mizuho reaffirmed an underperform rating and issued a $34.00 price objective on shares of eBay in a research note on Monday, August 7th. SunTrust Banks, Inc. assumed coverage on shares of eBay in a research note on Tuesday, August 15th. They issued a hold rating and a $38.00 price objective for the company. Finally, Canaccord Genuity upped their price objective on shares of eBay from $34.00 to $35.00 and gave the company a hold rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eighteen have assigned a buy rating to the company. eBay currently has an average rating of Hold and an average price target of $38.22.
eBay (NASDAQ EBAY) traded up 0.86% during trading on Wednesday, hitting $37.61. 15,105,890 shares of the stock traded hands. The company has a 50-day moving average price of $38.08 and a 200-day moving average price of $35.62. The stock has a market cap of $40.25 billion, a PE ratio of 5.64 and a beta of 1.36. eBay has a 12 month low of $27.28 and a 12 month high of $39.28.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. Equities research analysts expect that eBay will post $2.00 EPS for the current year.
eBay announced that its board has approved a share repurchase program on Thursday, July 20th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
In other eBay news, VP Brian J. Doerger sold 10,450 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total transaction of $382,052.00. Following the sale, the vice president now owns 24,001 shares in the company, valued at approximately $877,476.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $37.51, for a total transaction of $937,750.00. Following the sale, the director now owns 262,119 shares in the company, valued at approximately $9,832,083.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,238 shares of company stock worth $3,439,297. 6.78% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Trust Co. of Vermont raised its position in shares of eBay by 0.3% during the second quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after buying an additional 40 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of eBay by 1.7% during the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 60 shares during the last quarter. Usca Ria LLC raised its position in shares of eBay by 1.3% during the second quarter. Usca Ria LLC now owns 7,926 shares of the e-commerce company’s stock valued at $277,000 after buying an additional 100 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of eBay by 1.2% during the second quarter. CENTRAL TRUST Co now owns 9,653 shares of the e-commerce company’s stock valued at $337,000 after buying an additional 110 shares during the last quarter. Finally, Boston Private Wealth LLC raised its position in shares of eBay by 0.7% during the second quarter. Boston Private Wealth LLC now owns 16,453 shares of the e-commerce company’s stock valued at $575,000 after buying an additional 111 shares during the last quarter. Institutional investors own 84.85% 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 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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