eBay Inc. (NASDAQ:EBAY) Lowered to “Buy” at BidaskClub
BidaskClub downgraded shares of eBay Inc. (NASDAQ:EBAY) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday.
A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus reissued a hold rating and issued a $35.00 target price on shares of eBay in a research note on Friday, April 14th. Goldman Sachs Group, Inc. (The) set a $42.00 price target on eBay and gave the company a buy rating in a research report on Wednesday, June 28th. Argus upped their price target on eBay from $36.00 to $39.00 and gave the company a buy rating in a research report on Wednesday, April 12th. Aegis reaffirmed a buy rating and set a $40.00 price target (up previously from $38.00) on shares of eBay in a research report on Thursday, April 13th. Finally, Credit Suisse Group raised eBay from a neutral rating to an outperform rating and upped their price target for the company from $34.00 to $44.00 in a research report on Monday, June 5th. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eighteen have assigned a buy rating to the company. eBay presently has a consensus rating of Hold and an average price target of $36.91.
eBay (EBAY) traded down 0.654% during midday trading on Thursday, reaching $35.705. The company had a trading volume of 4,853,828 shares. The stock has a market capitalization of $38.22 billion, a price-to-earnings ratio of 5.356 and a beta of 1.36. eBay has a one year low of $27.28 and a one year high of $37.48. The company has a 50-day moving average price of $35.44 and a 200-day moving average price of $33.84.
eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the company posted $0.43 EPS. eBay’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts expect that eBay will post $2.01 earnings per share for the current year.
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eBay declared that its Board of Directors has approved a share buyback program on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
In other eBay news, VP Brian J. Doerger sold 10,450 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total value of $382,052.00. Following the completion of the sale, the vice president now owns 24,001 shares in the company, valued at approximately $877,476.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brian J. Doerger sold 12,904 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $33.57, for a total value of $433,187.28. Following the completion of the sale, the vice president now owns 33,604 shares of the company’s stock, valued at approximately $1,128,086.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,110 shares of company stock worth $2,625,141. 6.78% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of EBAY. Westside Investment Management Inc. raised its stake in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after buying an additional 2,638 shares during the last quarter. FNY Partners Fund LP raised its stake in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after buying an additional 3,300 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after buying an additional 858 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after buying an additional 2,230 shares during the last quarter. Finally, First Personal Financial Services raised its stake in shares of eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock worth $164,000 after buying an additional 4,197 shares during the last quarter. Institutional investors and hedge funds own 86.03% 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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