eBay Inc. (EBAY) Given Average Recommendation of “Hold” by Analysts
Shares of eBay Inc. (NASDAQ:EBAY) have been assigned an average rating of “Hold” from the forty-four ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and nineteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $37.99.
EBAY has been the topic of a number of research analyst reports. Citigroup Inc. restated a “buy” rating and issued a $41.00 target price (up previously from $36.00) on shares of eBay in a research report on Thursday, June 8th. Vetr raised shares of eBay from a “hold” rating to a “buy” rating and set a $37.30 target price on the stock in a research note on Monday, June 12th. Robert W. Baird reiterated an “outperform” rating and set a $38.00 price target on shares of eBay in a report on Monday, June 12th. Credit Suisse Group upgraded shares of eBay to a “buy” rating and set a $44.00 price target for the company in a report on Monday, June 12th. Finally, Cantor Fitzgerald reiterated a “hold” rating on shares of eBay in a research note on Monday, June 26th.
Shares of eBay (NASDAQ:EBAY) traded up 0.18% during trading on Wednesday, reaching $38.78. The company’s stock had a trading volume of 2,216,652 shares. The company has a market cap of $41.51 billion, a PE ratio of 5.82 and a beta of 1.36. eBay has a 52-week low of $27.28 and a 52-week high of $39.05. The firm’s 50-day moving average is $36.89 and its 200 day moving average is $35.21. eBay also saw some unusual options trading on Monday. Stock investors purchased 4,033 call options on the stock. This represents an increase of approximately 484% compared to the typical daily volume of 690 call options.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the company posted $0.43 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that eBay will post $2.00 EPS for the current fiscal year.
eBay declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In related news, SVP Stephen Fisher sold 11,956 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $36.24, for a total value of $433,285.44. Following the transaction, the senior vice president now directly owns 89,740 shares of the company’s stock, valued at approximately $3,252,177.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the transaction, the vice president now directly owns 24,001 shares in the company, valued at $877,476.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,238 shares of company stock valued at $3,439,297. Insiders own 6.78% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors bought a new stake in eBay in the second quarter worth about $108,000. BB&T Investment Services Inc. purchased a new position in eBay in the second quarter valued at about $119,000. Westside Investment Management Inc. boosted its stake in eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after acquiring an additional 2,638 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in eBay in the second quarter valued at about $123,000. Finally, FNY Partners Fund LP grew its position in shares of eBay by 660.0% during the 1st quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after acquiring an additional 3,300 shares during the period. Institutional investors and hedge funds own 84.88% 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.
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