eBay Inc (EBAY) Given Average Recommendation of “Buy” by Analysts
Shares of eBay Inc (NASDAQ:EBAY) have been given a consensus rating of “Buy” by the forty-one brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation, nineteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $43.85.
Several equities research analysts have recently commented on the company. UBS Group restated a “buy” rating and set a $48.00 price target (up previously from $44.00) on shares of eBay in a research note on Thursday, February 1st. Bank of America upped their price target on eBay from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Stifel Nicolaus upped their price target on eBay from $37.00 to $41.00 and gave the stock a “hold” rating in a research note on Thursday, February 1st. Canaccord Genuity restated a “hold” rating and set a $43.00 price target on shares of eBay in a research note on Thursday, February 1st. Finally, ValuEngine upgraded eBay from a “hold” rating to a “buy” rating in a research note on Friday.
Shares of eBay (NASDAQ EBAY) traded up $0.68 during midday trading on Friday, reaching $42.95. The company’s stock had a trading volume of 8,042,184 shares, compared to its average volume of 11,347,232. eBay has a one year low of $31.89 and a one year high of $46.99. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.19 and a current ratio of 2.19. The stock has a market capitalization of $42,780.62, a PE ratio of -40.14, a P/E/G ratio of 2.40 and a beta of 1.18.
eBay announced that its board has authorized a stock buyback plan on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
In other eBay news, insider Devin Wenig sold 134,207 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $42.69, for a total value of $5,729,296.83. Following the sale, the insider now owns 642,077 shares of the company’s stock, valued at $27,410,267.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott F. Schenkel sold 131,332 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $43.25, for a total value of $5,680,109.00. Following the completion of the sale, the chief financial officer now directly owns 91,757 shares in the company, valued at approximately $3,968,490.25. The disclosure for this sale can be found here. Insiders sold 393,202 shares of company stock worth $16,971,727 in the last three months. 6.78% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. OppenheimerFunds Inc. boosted its stake in shares of eBay by 29,058.6% during the fourth quarter. OppenheimerFunds Inc. now owns 9,881,553 shares of the e-commerce company’s stock valued at $372,929,000 after acquiring an additional 9,847,664 shares during the last quarter. Swedbank acquired a new stake in shares of eBay during the fourth quarter valued at $123,834,000. Nordea Investment Management AB boosted its stake in shares of eBay by 20.4% during the third quarter. Nordea Investment Management AB now owns 18,407,787 shares of the e-commerce company’s stock valued at $707,963,000 after acquiring an additional 3,118,453 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of eBay during the third quarter valued at $117,303,000. Finally, Alkeon Capital Management LLC boosted its stake in shares of eBay by 14,918.9% during the third quarter. Alkeon Capital Management LLC now owns 2,063,741 shares of the e-commerce company’s stock valued at $79,372,000 after acquiring an additional 2,050,000 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors.
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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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