eBay Inc. (EBAY) Receives Average Rating of “Hold” from Analysts
eBay Inc. (NASDAQ:EBAY) has earned a consensus recommendation of “Hold” from the forty-three analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seventeen have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $38.75.
EBAY has been the topic of a number of research reports. Jefferies Group LLC set a $36.00 price objective on shares of eBay and gave the company a “hold” rating in a research note on Thursday, July 6th. Credit Suisse Group set a $44.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Tuesday, July 11th. Maxim Group increased their price objective on shares of eBay from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Robert W. Baird reissued an “outperform” rating and issued a $38.00 price objective on shares of eBay in a research note on Thursday, July 13th. Finally, BidaskClub raised shares of eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th.
Shares of eBay (NASDAQ:EBAY) traded down $0.04 during midday trading on Friday, reaching $37.50. 5,708,840 shares of the company were exchanged, compared to its average volume of 10,175,546. The stock has a market capitalization of $39.07 billion, a price-to-earnings ratio of 23.38 and a beta of 1.36.
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 Zacks’ consensus estimate of $0.48. The firm had revenue of $2.41 billion for 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%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. equities research analysts forecast that eBay will post 1.65 earnings per share for the current fiscal year.
eBay declared that its board has approved a share repurchase program on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to reacquire up to 7.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
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In other eBay news, SVP Stephen Fisher sold 69,406 shares of eBay 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 transaction, the senior vice president now owns 144,047 shares of the company’s stock, valued at $5,420,488.61. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Harry A. Lawton III sold 34,832 shares of eBay stock in a transaction on Monday, August 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the completion of the transaction, the senior vice president now directly owns 83,058 shares of the company’s stock, valued at approximately $2,907,030. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,655 shares of company stock valued at $7,486,428. 6.78% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in EBAY. BlackRock Inc. boosted its holdings in shares of eBay by 2,424.9% during the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after acquiring an additional 59,937,723 shares during the period. Glenview Capital Management LLC boosted its holdings in shares of eBay by 442.0% during the second quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock valued at $310,995,000 after acquiring an additional 7,262,862 shares during the period. Harding Loevner LP acquired a new position in shares of eBay during the second quarter valued at $128,878,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of eBay by 1,077.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,779,300 shares of the e-commerce company’s stock valued at $131,973,000 after acquiring an additional 3,458,300 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of eBay by 134.5% during the second quarter. Janus Henderson Group PLC now owns 5,951,860 shares of the e-commerce company’s stock valued at $207,826,000 after acquiring an additional 3,414,163 shares during the period. 87.23% of the stock is owned by 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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